RE: Cabot upsetting the calmness
Eve,
If Cabot has rated IOM a buy again, as of today, you
may want to resolve that broker change very quickly. His
loyal followers helped run the stock up to the dizzying
highs it hit in spring 1996, then the momentum collapsed.
You'd be well to have the ability to bail at the peak if
the PE starts climbing into the stratosphere, then wait
for things to return to normal. Mind you, I'm not
recommending that you sell now, only that you be
sure you're ready to sell in the near future if
you start seeing PEs of, oh, 80 or 100 or something
ridiculous like that. It could happen. It has already
happened, in fact.
Just my opinion. It's your money. And who knows what
kind of reaction there'll be this time. It could be,
though, that the spike at the end of today's intraday
chart is the first symptom of Cabot-itis.
As Truff says, we can take their money if we bail at or
near the Cabot-induced peak.
Cheers, Tom (long IOM) |
