Thursday, March 02, 2006

Sea of red

Earlier this morning, all my positions show red, always a humbling experience.

A few days back, I mentioned ANF (Abercrombie & Fitch). Today ANF dives after weak sales results. Those analysts who goosed it may have angry customers who bought on the recommendation. Many other retailers are moving on the monthly sales report. Many times these fluctuations are temporary. A person who really wants a stock can use weakness to buy in on this kind of news.

During my homework last night, I found two interesting stocks: NX (Quanex) and MHS (Medco Health Solutions).

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