HOFT has missed badly on two of its last three earnings reports. I've been following a strategy of selling shortly before earnings are released and then buying back in after the subsequent price decline. Of course no one knows whether HOFT will miss, meet, or beat this time, but with the earnings report coming out soon, I took profits on my shares. Anyone else using this strategy?
I don't use this strategy with this kind of company. The share price is relatively to stable over the years to risk selling at a point where it will keep going up. I use this strategy with very high risk companies(mainly techs) and I time my buying and selling with the general market , not the company in particular. I did that for example with Nortel and sold when it was $110.00 CAD, I bought back a year later at $0.90. But i wouldn't do it with solid companies like HOFT, even if I think it will go back to $10.00. I'd rather buy more on the dips and sit on it for 25 years.
Relatively stable hey, $14- $28 dollars in a three month span, this stock has become a roller coaster of late, hopefully these Mc Mansion many have bought up, will have furinture inside, when I sold,and at what price was a good descision for me.....
I agree last month I bought 100 shares in the low 14.00's 38% gain in one month...I cut the strings....greed is good, but no when to take the money....still a Okay stock at this price but its getting frothy