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.
"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.