It is with regret that I have to recommend that H&R Block be sold at the market. The stock has performed reasonably since the research recommendation was issued on May 19, 2009. It is highly recommended that anyone who bought the stock based on my research should re-read the posting. The stock essentially went up from the date of recommendation. From the current level HRB is poised to reach the $19.15 level with little effort. However, the returns that this stock has provided within the last eighteen (18) days say that it is worthwhile considering alternatives.
HRB was recommended when it was trading at $14.42. As of Friday June 5, 2009 HRB was quoted at 16.06. This equals a return of 11.50% in a little more than two weeks. Conservatively, on an annualized basis this would equal approximately 233% return. Selling this stock now also generates a return 288% greater than the amount of the dividend yield if the stock was held for a whole year.
It is always recommended that when selling a stock, one should not place an order after hours or when the market is closed. This leaves the seller in the position of being vulnerable to the whims of the market makers. Instead, place your sell orders only as a market order during market hours. Some would complain that a market order during market hours might leave some profits on the table. However, I would rather leave some money on the table rather than have it taken away from me by the trades that are placed by institutions and market makers. Touc.
