Some investors imagine that whatever stock they’re buying – no matter the quality of the underlying business – will keep appreciating at a steady rate forever. That’s not how markets work. Eventually, the supply of investors willing to pay ever-higher prices for a stock runs dry. As more and more supply of shares are sold in IPOs and SPAC offerings to meet what currently appears to be relentless demand, prices will fall. We keep this in mind when recommending stocks in the publication. For now, read on as Dan gives guidance on all the open positions, including one buy moved to a hold and details on three positions sold since the last update.