The Lake Wobegon stuff is nice. Very nice, indeed. And Wally Ingqvist, the longtime janitor at HTCH, is even a distant relative of Pastor Ingqvist. Uh-huh. Show me the money.
The price action of HTCH in recent days strikes me as odd for a stock that appears to be poised on the edge of much better things. Big swings in both directions, on enormous volume, that are disconnected to overall market direction. I don't get it. But I'm easily baffled, the weekend is an hour away and, what the hell, a beer still tastes good.
I agree with you. But the stock market does not, at least yesterday and today. Stock market to HTCH: "Show me the money." Sorry to lapse into cliches, but sometimes they serve a purpose. Disclosure: long 8,394 shares at prices that today are both over- and underwater.
The Seeking Alpha breaking news alert for the big spike in HTCH today contains this bullet-point item:
"The company asserts its shape memory alloy actuator tech offers performance and size advantages compared with current OIS solutions."
Let's hope they're right and Apple and Samsung are paying attention.
At 1:15 p.m. New York time the S&P is down 0.8 percent and HTCH is up 15.1 percent. Kind of makes you wonder where HTCH would be if this wasn't a day when the machines (algorithms, whatever) were not saying "sell."
Up smartly today on a down day for the overall S&P. Which happens sometimes to stocks. But the telling number was the volume. Today was 12.6 times the rolling three-month average, according to Yahoo. I can only suppose it's the OIS/phone news. Things could be getting interesting. It's been a long wait.
Actually, I heard him last Saturday on NPR's "This American Life" on that topic. I imagine it's archived for anyone who'd like to hear it.
@stats: Thanks for the thoughtful reply. This stock is liked by longs whose opinions and analysis I have learned respect from other Yahoo stock boards, so I was hoping to elicit more thoughts. Maybe others will eventually chime in, too. Because, let's face it, the answer to the question of what happens to the company if gold tanks is something any intelligent and thoughtful long has to consider before buying in. Not to do so would be reckless. I, too, believe $600 gold is unlikely -- or $800 gold, for that matter. But I also would have scoffed at this time last year that oil would be ~$55 and quite possibly heading to $40. Thanks again for taking the time, and happy new year. And let's all be careful (prudent) out there.
I have no position in Claude but am curious about the possibilities inherent in this stock given the ongoing carnage in junior miners. Here are three questions -- or maybe one question with three parts -- for longs.
What happens to Claude if gold goes to $1,000? What happens to Claude if gold goes to $800? And what happens to Claude if gold goes to $600?
I am not predicting those things and am as clueless as any one else about the possibility of those gold prices happening. I'm not interested so much in your predictions about whether gold will hit those numbers. Let's stipulate that nobody knows. The question is, what happens to Claude if one or more of those prices does come to pass in 2015-16?
I am not certain that the SBUX model will work here. SBUX stores are havens for what we now call the "creative class" and creative class wannabes. (In the 80's we called them yuppies.) I'm not saying the DNKN concept does not need rejiggering but I do not think people writing novels (or those who would like others to think they're working on novels) are ever going to call DNKN home away from home. I believe people who go to SBUX do so, in part, to imbibe more than coffee. They want the coolness that SBUX manages to create to rub off on them. This is not about logic. Just as the pair of womens Keds canvas oxfords that sell for $19.99 at Kohls are worth $24.99 at Nordstrom. Because, you know, the upscale vibe makes the Keds worth more at Nordstrom. It isn't just about the product, it's about how we feel about ourselves when acquiring the product. But I am not saying that your post is totally without merit.
The nice thing about conspiracy theories is you can concoct one that works for any situation you want. The fact is, they guided down and the market voiced its opinion. Sometimes, as Sigmund Freud observed, a cigar really is just a cigar.
Backatcha from rural southern Wisconsin, where we appreciate a poster with a sense of humor.
Me too. But you clearly take your janitorial duties (per the LEE board) more seriously than I do mine. The people who operate these boards could eliminate this spam easily if they wanted to. You and me? We're just p***ing in the ocean and hoping to make a wave on a beach in Japan.
@fireball: Well said. Good for you. Apparently, there's a "nasty gene" as yet unidentified by scientists one must possess to be a short. Because they sure do seem to all be nasty. It isn't just enough to explain why they're not long, they have to make it ugly. A good topic for some finance major's master's degree thesis if you ask me.
A question for @opportunityeyes and anyone else who believes Conns will be bought out. Can you offer opinions on who a likely acquirer would be and why the purchase would make sense for them? Or do you believe the big fund investors in this stock are cooking something up?
Disclosure: No position in CONN
@aeishh: Tax selling is a real thing, but I tend to agree with you that it's an over-used excuse for a falling price this time of year. I suspect that the big drop in oil prices has taken a toll here, since it makes alternative energy (read "expensive energy") less attractive as an investment. And then there's the PTC, which I believe is an important headwind for this stock, unlike some others who post here. I am long and still in the green on my BWEN investment but needless to say I wish I'd taken profits at the highs earlier this year.
Today the House of Representatives passed a bill that would extend until the end of this year more than 50 tax breaks that expired at the end of 2013, Marketwatch reports. The package of reinstated tax breaks includes the wind PTC. The bill now awaits action from the Senate. Good news for BWEN though if I understand correctly the bill does not address 2015 beyond. January Not sure what's up with that. The Hill has this to say about it:
TAX EXTENDERS: The House is set to vote on a tax extenders package on Wednesday proposed by Republicans that will likely pass with ease. The package includes extending tax credits for the wind industry, but only for one year.
The House bill extends the 2.3 cent per kilowatt hour tax credit for wind until January of next year. Despite opposition from liberal Democrats in the Senate, the White House looks like it will settle with the legislation.
While the package was proposed by House Republicans, conservative energy group, American Energy Alliance, opposes the legislation, calling it a “sweetheart deal” for wind.
“A vote for this deal is also an endorsement of President Obama’s climate agenda as the PTC is integral to the administration's costly climate action plan,” said Thomas Pyle, president of the group.
Proponents of the tax credit argue it’s a critical part of wind power’s development and ability to remain competitive as a source of electricity.