Here's Why I’m Hanging On
Tim Knight | Dec 12, 2013 02:59PM ET
I don’t blame ayone for being nervous about yet another bounce. Five years of relentless conditioning can do that to a person. For me, one stock that illustrates nicely why I’m hanging tough and, on the whole, merely tightening up stop prices, is Westport Innovations (WPRT ). It was a fantastic topping pattern and once it got cookin’, it really boiled.
Take a look at how it slips just about every day. That's the kind of persistence a powerful pattern can create.
Next Wednesday is terrifying, surely. But I’m genuinely focused on things via a position-by-position basis. I have been avoiding domestic equity ETFs for quite a while, now, and will probably continue to avoid them into the new year.
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