This morning we woke up to some welcome news on possitive Q1 earnings for Hercules Offshore Inc. (HERO).
On March 13, 2007; just over 6 weeks ago, HERO emerged as a possible bargain at 26.87. Today it is trading at about 32.10, a 19.46% return in a very short period of time.
It may be wise to cash in on some profits at this time.
Disclaimer: The opinions in this blog are not to be taken as recommendations to buy or sell any of the securities mentioned. If you choose to invest, you are doing it at your own risk.
Monday, April 30, 2007
Monday, April 09, 2007
Patience Ran Out for MHO
On 8/7/06 I chose M I Homes Inc. (MHO) at 35.04... it's obvious that I held it for too long and missed the "dead cat bounce". In early December '06 it reached a price in the high 38's; from that time, it's been on a downward spiral without any significant support and nearing 4 year lows.
Taking a 26.6% loss, I have to bail out of this one at 25.73, don't see too many possitive signs for the immediate future. It may take the housing industry anywhere from 1 to 2 years to recover.
Taking a 26.6% loss, I have to bail out of this one at 25.73, don't see too many possitive signs for the immediate future. It may take the housing industry anywhere from 1 to 2 years to recover.
Labels:
investments,
MHO,
stock market,
stock picks,
stock research,
stocks
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