Select Comfort (SCSS)

Buy. SCSS has been on a general up trend since September of 2002. When I bought in January, the run-up was well under way. February was not a kind month, but the stock recovered and has been on a steady trajectory ever since.

Interestingly, this is a stock I wouldn't have bought if I had been using my current guidelines at that time; I would have considered it too expensive at over $11. (I now buy almost entirely in the $5-$8 range.)

Sell. My guess is that SCSS is going to continue rising for some time. I think that hovering around the $16 mark is just a matter of regrouping, "consolidating" as they say. And yet—

I hedged my bets by selling half the shares. If it goes up some more, all well and good. In the meantime, a 41% profit is a nice bird to have in the hand.