selling Hammond +18% in 2 weeks

Hammond Power continues to be kind to us despite difficult markets, so we shall not be greedy as we remain general market bears.

The stock closed today 18% above our additional entry of just two short weeks ago, so we book that gain now.

We are currently +185% on our "core" Hammond position entered in October of 2006 per this blog. 6 weeks ago we sold an additional Hammond postion we'd held for 10 months for 34% profit, and we had also added a position in February '07 which we sold two weeks later for a 23% profit as per this blog.


Thus far in 2008 we've closed 8 positions for an average 25% gain on an average holding period of 6 months which implies an annualized gain of 50%.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or mentioning them in this blog. If we hold existing positions we divulge the fact, otherwise we generally buy and sell as diarized here. This blog itself is merely a diarizing of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult your broker or investment advisor before making any investing decisions.

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