There's a group that's slowly selling out of HOKU on the open market. Explains the steady sellout every day pushign it down. Either they are trying to make it dirt cheap so huge profits can be made or HOKU is done. Either way HOKU holders are burned.
NOTHING POSITIVE ABOUT HOKU...NOTHING!
HOKU is now my all-time most hated stock I wish I never heard of. All hype and ZERO execution and PR. They sit back like fools and let shareholders get crushed. This is why wall st. sucks. Companies like HOKU and their lame management. Shouldn't be public. Actually, soon they won't be. Someone will steal shares for .25 cents or they'll fold.
There's no doubt in my mind that someone is manipulating the price, and it doesn't take much at this level. $7500 can take it 6 or 7 cents. And when someone buys it back at a higher level an ask is posted for 10 or 11 thousand shares. Just look at it right now.
What is going to move it back higher is news on poly moving higher or contracts in north america, and it's going to happen. I wish I could of had a crystal ball and predicted the sudden drop off the cliff, but I don't.
What I am confident in, is that sooner or later the bounce back will happen, so I am just going to wait. If it doesn't, well I guess I will continue to work and delay retirement. That's the pitfalls of the stock market.
Manipulation is BS. Because if it was artifically being pushed down then others would step in and get shares at a much better price. It's more likely that it's terminal and no matter how low it goes nobody thinks it's worth buying. That's the real bad part. Under .70 and there's almost nobody on planet earth willing to buy this.
Have to face facts it's got little hope. Just wish the company would not just let it slide to zero. The only hope is that they suprise everyone with something but we all know they have no clue how to underpromise and overdeliver.
This is bad. Marooned on an uninhabited island with no food.