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  • punbr punbr Aug 29, 2004 1:39 AM Flag

    Considering first time buy of HOTT.

    I watched HOTT soar in the past and didn't want to risk chasing it, but am now interested after the pps has been beaten down. I wish I was a regular customer (I have a teen) so that I could compare today's activity to some past standard. I'll just say that after hearing their sales were down recently, I did not expect to enter a packed store with eight people in line to make purchases. My daughter attends a private, very preppy school, but had no difficulty finding some items she liked. I was in the store at about 2:00 P.M. Saturday. I'm wondering if there has been a significant change in product mix that caused the store to be so busy, or if that might be typical for this store. I did ask the clerk, who said they have been busier recently. Buying and selling the Nov.$15 calls seems like a fairly safe, but still worthwhile way to enter this stock, as the premium is fairly good compared to many stocks these days. Good luck to those of you already in this stock.

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    • Punbr, few of us on the board are regular customers, the demographic here being more like the parents and GRANDPARENTS of customers. It's never been unusual for HOTT's small stores to be crammed with customers, especially in the boom days and now in the back to school season and other holiday periods. It's hard for me to gauge what you saw relative to my experience, but a packed store with buying customers is always a good start!

      Read the conference call notes posted a few days ago if you want to get a flavor of recent developments.

      Mawchek

 

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