I think there are plenty-o-people watching HTCH but I think many want to see the next earnings release in late January and subsequent cc before adding large numbers of shares. The neat thing is that Q2 starts January 1st and the company will (in my opinion) be strongly profitable on an EPS basis in Q3 starting April 1st and reported in late July.
Those who are waiting are betting they might be able to buy shares in the 2.6s between now and end of January and/or believe that even if the results/cc are good that they can buy all they want sub-3.5.
Perhaps they are correct if they are quick on the trigger and only want to buy a few thousand shares. If you are an institution or large retail investor, it will be extremely dificult to buy any significant number of shares below $4 if Jan earnings/cc are good.
Look at today, stock goes down 4% on about 8000 shares. That should keep trigger fingers itchy because it can go up just as fast on similar volume. For example, if I were to enter an order to buy a lowly 20000 shares at the market right now, where would I get my final fill? I'll bet about 3.20.
I agree with your assessment, and might add.
Many are gun shy having been whipsawed by HTCH
in 2013. This is a "show me" company. There is no
reason to get too far out in front of it before they confirm
Wish I better understood cloud data storage, why would you trust intellectual property to a cloud server when you can carry a terra byte personal hardrive in your pocket? Why pay for the cloud storage. You can buy a terra byte for under 80$.