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Daily Archives: September 3, 2008

Be Flexible!

September 3, 2008
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Be Flexible!

Somewhere along the way, being flexible in the stock market–i.e., selling quickly if you develop a loss, or changing your mind just a couple of weeks after buying a stock–has gotten a bad rap.  If you change your mind, you’re derided for being a “trader,” or for not having any conviction. Nonsense!  While conviction is important, so is being flexible.  You must always be willing to change your outlook–if the market or your stock dictates it. Corning (GLW) provides a perfect example.  We added GLW to the Cabot Market Letter‘s Model Portfolio back on May 7.  At that time,...

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Beware the Ides of September?

September 3, 2008
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“Beware the Ides of March!” was a warning to Julius Caesar in February of 44 B.C. Unfortunately for him, he ignored the warning, and was unmercifully killed on March 15 of that year by a group of Senators opposed to his position of dictator for life of Rome. According to Wikipedia, Ides was simply a term used in the Roman calendar that referred to the 15th of the month in March, May, July and October, and the 13th day of the month for the other eight months; Ides simply referred to a “half month,” and Romans considered it an...

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