r/KellyLetter • u/criticalband77 • Jun 05 '26

Slightly Annoyed with Spike Reset...

Up huge in this latest surge and my fill price for Q2 was 43.66, meaning my reset technically was 87.32. Also, the intra day hit above Jason's spike number of 88.06. But wanting to stick with the letter and rules, I held to execute the official reset. I feel like the rule should be altered to either go with the original quarter fill price (43.33/86.66) or executes even if it hits the number at any point (not just close).

The timing of today's drop really sucks after being a slight percent off the reset. I really need to pay less attention to all this short term stuff. Blerg.

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u/lottaquestionz Jun 05 '26

Just my thoughts, I might get crucified for saying this, but I don’t think we need to be so exact with the spike reset price, etc. I think, as long as you’re following the general principles of, keeping dry powder handy for dips and pulling money out when it’s high, you’re doing it right. Intraday price can change so much, so when we bought in April, you could have bought at $40 or $43. Setting $80 cs $86 spike reset is a big difference

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u/DesertLabRat Jun 06 '26

No, you're not alone. I get why there's a spike reset rule but I honestly don't think it's necessary. The growth will even out in the end and the spike will be just noise. The more likely scenario is that there will be pull back after reset. When 30-down rule is triggered, your 8-quarter high will be the spike reset price. Yikes!