Tuesday
11Sep2007
Coming Up For Air - POOL Finally Rises
Tuesday, September 11, 2007 at 01:57PM Yesterday, we noted that POOL was down 14 days in a row -- the longest losing streak in the stock's history. The post even drew attention from James Altucher over at TheStreet.com. Stop the presses -- the stock finally went up!
Below we highlight the stocks in the Russell 1,000 with the longest winning and losing streaks. We also include the average percent change on the day following similar streaks that have occurred in the past four years.
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Reader Comments (1)
Investors forget one thing as they run for the exit. Regardless of how many new pools are getting built, the existing ones, and there are many, need to be maintained, if only to keep the real estate agent happy who is selling your home.
I believe that the real estate slump has one more year of blood letting and then things will stabilize, returning to the historical norm of 3-5 percent annual price appreciation.
At that point, I'd gladly own POOL stock. Heck, I'd even buy it now if I had some spare cash.