Friday, August 25, 2006

When in doubt stay out

Interesting article by Mark Boucher over at Trading Markets (link).

This week the market has drifted slightly lower with several of the my stocks getting hit hard enough for me to get out. Again, that is a difference between long term investing and trading. Traders that are stubborn and refuse to get out when the market turns against them, tend not to have long market lives. Value investors in particular can and do wait out times when their investments move lower.

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