Tremendous volume for HOTT on a day without any
real news or earnings announcement
Probably, we're seeing the beginning efforts by traders to
cover their large short positions. Or, was the business
this weekend that good?
>>Statistics don't tell the story.
Everybody is lending the stock so there is an enormous
short %. The shorts don't like Dabah, and just want to
get even for Gitano.
Do we need to check the
PLCE board to see what you're posting about
"The short interest is actually
lower than ANF"
That's barely true: 2.3M (in
Oct) vs 2.1M (in Nov). However you must compare it to
share volume. Average days to cover for HOTT is over 9.
The same for ANF is less than 2. A dramatic
The short interest is actually lower than
so the shorting may not be HOTT specific, just
overall industry specific. While the growth is good and
PE is 20 is favorable for this stock,lower margin
worries are weighing heavily on this and all retail now.
This is a specialty/niche retailer stock. Sometimes
the most accurate measure is the shopping bag test at
store locations - in an ATL store I saw no one this
holiday weekend, let alone bags.
I think a couple of things are going on. Like,
retail stocks appear to be becoming as popular now as
they were unpopular earlier this year. Maybe the folks
who are dumping their chip stocks are taking some
short term bets on retail for Xmas.
volume today was about 20% of float! Though folks are
wondering who's buying, I'm wondering who's selling. About
all I know is it isn't me or Mr. O.
be surprised if the idiots who shorted at $30 are
trying to cover; however, I bet they're buying from
marginally smarter shorts who are telling themselves "Duh,
HOTT is up to $38, so I'll short it and buy back at
"But that volume today was about 20% of
My understanding is that insiders and institutions
hold 85% - leaving approx 1.5M for the float. So
volume was nearly 100%! What's your source of
Regarding who's selling, note that there are the same
number short Oct 15 (1.7M). I believe that there a lot
of big players working the swings in this stock -
which of course, is what has been tempting me. Scooter
has done this successfully a 2-3 times, Sky, and
several others. Hope they are all long now! If we break
through old high of +40, several new technical traders
will also flock in. We have had a few runs at it, but
haven't quite made it through. Maybe this is the
I love it when the technical traders, shorts, and
fundamentals all come together. I also note that selling on
the good news was not so bad this last time - I was a
couple of days off in estimating its recovery, but it
was just over a week. Perhaps that was because the
market could handle a 9% SSS better than the 20% we had
been sustaining. Just think how well we might do if
November is only 5% as forecast by management!
yeah, I almost forgot: Welcome aboard all new posters.
(But we do need some intelligent shorts commenting
from time to time.)
Up almost three bucks on 1.4M shares. Let's see
that's about 1.2M shorts covering. I don't think so.
Looks alot more like instittuional buying to me. Lock
and load, rock and roll, hang on to this one.
doubt it's institutional, they already own 87% of
the shares issued.
may be shorts anticipating good
sss, i presume due out soon, maybe next monday? does
seem a little early for that, tho.
shorts have to be rung out before hott resumes an
Bally: Only news my broker has is recent
announcement of inside sales as follows:
J. Johnson 40,640
Orv Madden (family
Cindy Levett 10,935
greed playing games with my mind. I've passed up every
opportunity to do a quick trade and have missed one time
after another this last year to make a quick buck. Sell
now at 37 7/8 - buy it back at 36 - make more than I
made last couple of months working. But this could be
the time it's going to take off - we're six weeks
late this year for the HOTT runup. Technical analysis
says never to sell at this stage - see if it breaks
through it's old highs.
Insider sales above are
of concern - although I'm sure they are just trying
to get a good price for little of their holdings.
Gadzooks coming after us also a fundamental problem. What
a quandry. I could do just some of the shares - but
I've learned in the past that's the worst torture -
unhappy no matter which way it goes.
I know this
all sounds amateurish - but I've always had a problem
supressing the gambler streak in me. Oh well, I'm going to
wait (and maybe get 40!) or my double at 42! or 45!!!!
To suppress the gambler's streak, suggest a ride
in the country and dinner at Tuscarora's in
Then, when your double comes in celebrate at the Inn at
Little Washington. After all, shouldn't optimism be