Update On Market and Hansen
As soon as I posted a complaint about the stock market ignoring today's good news, a rally started that carried some indices to a positive close. Hansen Natural (HANS), which I've been writing about, bucked the negative start and rose strongly from the open, finishing up 12.7%. Investors showed once again how it got to be the best ten-year performer. I had sold 20 shares at $190.90 on the way down; I replaced 10 at about the same price, and Hansen rose from there, closing at about $195.
As of now I would have been better off to stay put and ignore Hansen's wild gyrations of the past week. Sometimes all my moves are wrong and the buy-and-hold approach wins. I can can take comfort that recent sales A.O. Smith (AOS), Harris & Harris Group (TINY), and Intermagnetics General (IMGC) remain locked in downtrends.
As of now I would have been better off to stay put and ignore Hansen's wild gyrations of the past week. Sometimes all my moves are wrong and the buy-and-hold approach wins. I can can take comfort that recent sales A.O. Smith (AOS), Harris & Harris Group (TINY), and Intermagnetics General (IMGC) remain locked in downtrends.
posted by Houyhnhnm | 7:25 PM
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