Gander Mountain has made a very nice move of 30% from our entry at $5 based on the close today.
I am moving my stop up to 5 7/8 to lock in 20%, as we had a bearish close on the stock today.
Moving the stop up will do 2 things for us.
1. Lock in a very nice 20% return in a very short period of time.
2. Allow us to continue gaining on the stock should it prove to work even higher from here.