Trust the Process

$HROW

HROW 0.00%↑ priced a $60M stock offering and the stock is up a whopping 20% this morning.

This is a name I’ve had a small speculative position in since the most recent bounce off of $17. It looked like it might be on the cusp of breaking down, but this is yet another case study in staying disciplined to a exit strategy. It never broke down, and upside payoff has fortunately come shortly after. This is one that I’ll now ride as long as it’s above that 200 day.