New high for PII

[Blueline]

Polaris stock hit a new high yesterday..$85.55.

[ftwflh]

Better than twice what HD stock is

[RICZ]

Not too long ago Polaris stock was almost down to $70. There are two things that may be influencing the rapid rise: News of the Indian operation possibly coming out with a vintage looking bobber style bike and Fred Rau's column in Friction Zone magazine, suggesting Polaris might be the next mfr to offer a three wheeler in light of the CanAm Spyder's great success.

[ndabunka]

I bought @ $72 and sold today @ $85. I think it will continue to go up in the long term and may well simply just keep on going but I have a rule to take profits off the table @ 15% so....

Just hoping that there will be a dip again so that I can buy back in once more in the future.

[RICZ]

Originally Posted by ndabunka

I bought @ $72 and sold today @ $85. I think it will continue to go up in the long term and may well simply just keep on going but I have a rule to take profits off the table @ 18% so.....

You are a very smart man to set goals where your money is concerned. So many don't and so many are in a financial hole because of that. I had the advantage of having parents that were tempered by the Great Depression and they taught me well to respect and care for my money. I have never been a high earner, but because I have been frugal and avoided frivolities and debt in my younger years, I can now afford to pay cash for toys and pleasures...and investments too.

Money management needs to be taught in our schools. Money is the one thing we all deal with on a daily basis, yet so many know so little about it other than to spend it; even to the point of spending more than they make. Kinda like our government, eh?

[ndabunka]

It's a shame when articles like this can impact a good stock. Down 5% to $81.31 so far today. Quote "Getting ahead of itself..." with no REAL foundation for the caution but this may create a new "entry point" so I am going to watch it over the next day or so before deciding about re-entry.

[RICZ]

Originally Posted by ndabunka

It's a shame when articles like this can impact a good stock. Down 5% to $81.31 so far today. Quote "Getting ahead of itself..." with no REAL foundation for the caution but this may create a new "entry point" so I am going to watch it over the next day or so before deciding about re-entry.

Can you say "knee jerk?"

[ndabunka]

I post when I buy & sell in stock message boards so figured I might as well do it here as well. Bought 300 shares of PII today @ $79.01 share around 11am before this (pumping LOL) article came out.
http://www.thestreet.com/story/11721...o&cm_ven=YAHOO

I did this because I felt that the "knee jerk" reaction had about run it's duration and feel that this is a reasonable re-entry point (e.g. It fits my fibonacci model...bought @ ~$72 & sold @ ~$85 = ~13 point run up & fibonacci decline is ~$4.5 so anything under $80 is a buying point). We will see if PII can continue it's upward travels.

[Blueline]

If you hang on to it long enough, another benefit is the dividend which I believe was .37 cents last qtr. It's a good stock.

[ndabunka]

Originally Posted by Blueline

If you hang on to it long enough, another benefit is the dividend which I believe was .37 cents last qtr. It's a good stock.

The dividend was paid on 9-17-12 ($74 for 200 shares) & I appear to have gotten it due to the three business day settlement function so it will be another three months before it hits again but that's still a GOOD thing & was one of the reasons I bought the sock. I think I posted that I don't typically buy stocks over $20/share but I took the chance & bought 200 shares of PII in late July and it worked out. This time I decided to bump up the original investment by 50% and bought 300 shares. If it crests a 15% increase prior to the next dividend payment, I will sell it as that is still one of my fundemental principles. The timing this last occurance just seemed to work out perfectly for me