And now for something completely different

Posted on May 03, 2009 by WHC Bassetti in Letters

Watch closely.  You're about to see something rarely seen among professionals.  You have heard approximately 10,000 times the 11th commandment:  Never move your stops down (up) after they're set.  Be disciplined and allow the market to take you out.  Then of course there is Emerson (Thoreau?):  "A foolish consistency is the hobgoblin of small minds."  To make a long story short we are moving our stop away from the market in the SPX.  

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