Hydrogenics (HYGS)

Company. Hydrogenics is "a leading clean power generation company, dedicated to the development of hydrogen and fuel cell power products and test stations for fuel cells." (company website)

You would think a company in this business should be hot stuff in these days of escalating oil prices, impending shortages, and so on. You would think.

It's going to be hard to make myself look not as stupid with this stock as I have been!

Buy. I first bought HYGS last October after it burst out from around $5 to $6.50. First warning sign ignored: 30% rise in a week.

It seemed like a smart thing to have done because HYGS soon made a new high at $7.27. Second warning sign ignored: new high on day that closed lower than the previous day.

HYGS plummeted, then climbed back up to $7. Should have sold!

Should have, but didn't. I rode HYGS all the way back down to $5.30 and held on as it climbed back up to $7 again. Should have sold!

Should have, but didn't. I bought even more when HYGS got over $7, only to watch it plummet back down to $5.42 again. When it regained $6, I bought even more! Surely the third time would be the charm. It wasn't.

Hope continued to spring eternal when HYGS began to climb again slowly after making a low of just over $5 — where the story began in the first place!

Sell. This morning, before the market opened, Hydrogenics reported results for the 1st quarter. They were "disappointing" to say the least. The market reaction was swift: Going down!

I had had enough. I would get out with whatever I could salvage from this disaster and lick my wounds.