Sold the Heelys HLYS
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I placed a market order before the market open. The last time I did something similar is two years ago when the Ninetowns reported that their customers (Chinese goverment) would no longer pay them for the software. They would get a free version instead.
But HLYS did worse in terms of the stock. It closed at 21.99 yesterday, and opened 13.38 this morning. I lost more than $7 per share (bought it 20.95 about two weeks ago).
It seems I haven’t learned my lessons in 2 years. Seriously I felt lucky this time because the gain in other stocks covered the loss. Actually I did made some money on HLYS too (a while ago), today I gave it all back 🙁
Both the CEOs of NINE and HLYS are on my “CEO Hall of Shame” list now. We should all be careful when we put our hard earned money to the stock market: look for good CEOs, real good CEOs.
BTW, I saw 5 analysts downgrade the HLYS today. This time I agree with the analysts.