Tuesday, June 19, 2007
Position Update: HANS
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Ouch Cramer talking trash about HANS...
"Hot stocks get tapped out when there's nobody left to be attracted to them -- when all the people who are going to buy have already bought," Cramer said. A great example of this in recent years is Hansen Natural (HANS), "which was the hottest stock in 2004, the hottest stock in 2005, and the hottest stock for the first half of 2006."
The stock, he said, peaked in July of 2006, partly because the company did a five-for-one split, which encouraged people who'd been in Hansen for a long time to take something off the table.
Another reason Cramer believed it would peak is because Hansen had just picked up its fourth analyst on May 10, 2006, when Goldman Sachs started covering the stock. "
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"Hot stocks get tapped out when there's nobody left to be attracted to them -- when all the people who are going to buy have already bought," Cramer said. A great example of this in recent years is Hansen Natural (HANS), "which was the hottest stock in 2004, the hottest stock in 2005, and the hottest stock for the first half of 2006."
The stock, he said, peaked in July of 2006, partly because the company did a five-for-one split, which encouraged people who'd been in Hansen for a long time to take something off the table.
Another reason Cramer believed it would peak is because Hansen had just picked up its fourth analyst on May 10, 2006, when Goldman Sachs started covering the stock. "
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