Does anybody own any Alliant Techsystems (NYSE: ATK) stock?

Question

I'm asking to ascertain the how many are aware of the significance of Alliant Techsystems to the military on this forum, and how many are actually participating in the stock. I've been watching it closely.

Answer 1

Yes, and have traded it multiple times. Any specific reason you are asking?

Well, ATK would have been a great stock to own if you got in it pre-IRAQ war. Since OIF and OEF this companies stock has consistently over performed especially due to the munitions sales. Even though the company is involved in various industries, I would expect the margins and the stock to start to recede in wake of the winding down military operations. The technical trend of this stock has shown a fairly tight band of resistance between the $100-115 range in the last year. Meaning, if the stock approaches $100 a share, then you could buy some, and expect that it would go back up to the $115 + range, where you would consider selling. (still a 15% return).

Overall, yes, a great company, with a still strong future. However, remember this, The most important lesson I have ever learned in trading stocks is to not be emotional or personally attached to a company that you are buying stock in. Its the surest way to lose a ton of money. For example just because I love Apple Computers and their products, doesn't mean i would necessarily buy the stock right now.