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CarMax Inc. Message Board

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  • jimmiller735 jimmiller735 Jan 3, 2006 9:49 AM Flag

    KMX in 2005

    who cares what it did on Jan 1 '05 and Dec. 30 '05? The trick is to buy low and sell high,not just to sit around like an idiot and suck your weenie.

    I bot KMX at 26,so 2005 was great for me.

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    • I'm glad you had some success with this stock; it sounds like you are a trader and KMX appears to have sufficient volatility to be a good trading stock.
      My point was that KMX has not proven to be a good buy-and-hold stock, at least over the past 2� years.

      As for "buy low and sell high"; well yes, but timing is everything. If you still hold your $26 stock you have an 8% profit over 6 months.

      • 1 Reply to loudonnh03307
      • "My point was that KMX has not proven to be a good buy-and-hold stock, at least over the past 2� years."

        If you're truly a "buy-and-hold" investor, then what matters is the underlying business performance, not the curent stock price. If you're comfortable with the business performance, don't worry about the stock price performance (that's for traders). The stock price will eventually match up with the intrinsic value. I suspect there was a period of a couple of years in Wal-mart's early years when the stock price languished.

 
KMX
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