Heelys reported a decent second quarter, at the same time it warned its second half will be more challenging. “Challenging” is a polite word, “go off track” is more proper in my mind. So I guess I will take my loss tonight when the market opens.
With Heelys report, all my 6 stocks reported earning. Two winners are CROX and MR; two losers are GSIT and HLYS; SBUX and SNCI did ok. I normally don’t bet on earnings these days; the reason I bet on HLYS was I thought the expectation is already low, and “back to school” seems did well. But…the wheels came off.
So, the lesson for me is, don’t bet on earnings. Especially demaged stocks like HLYS and NINE.