HRZ Update (11/12/06)

On 6/8/06 I wrote.
HRZ - Horizon Lines Inc. a shipping company is new to Wall Street but a well established shipper. It has a good balance sheet and pays a respectable beginning dividend which I expect to grow with time. Buy it at $14.50 or better.
On 7/7/06 I wrote.
I like to go back and see how the recomendations have done.
On 7/6/06 HRZ closed at 16.57
On 6/8/06 I recomended to buy at 14.50 or better.
On 6/12/06 you should have been filled.
Therfore you have a 14.2% gain during a downturn in the market.(continued)
How to play this stock.
Each person must develope their own style of investing or trading.
An investor is a person who buys a great company and holds on throough bulls and bears - Warren Buffet.

For those who traded and used stops this is a perfect example of why not to use stops in the beginning.
Continue

HRZ is trading at $25.80 and we bought it at $14.50.
That is a 78% gain in 5 months. This is the advantage of an investor over the trader.
Just like the old gambling song says "Know when to hold'em and know when to fold'em.


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Assigned to category: Stocks
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