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Good short where you got it, but I don't know how much more downside there is. Was trading at $14 earlier in the year, and somewhere around $8 when they first announced this in mid-may, so a good bit of it may already be priced in.
I'll be watching in the morning though.
Good luck.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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WOWOWOW going to raise lots more than that 54million..huge dilution..and isnt this plant a little to late here?
In addition to the $54 million which the Company anticipates raising through the equity distribution program with UBS, the Company estimates it will need to raise approximately an additional $56 million to complete engineering, procurement and construction of the plant, which the Company intends to raise through one or more subsequent debt or equity offerings during calendar year 2009.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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Approaching 6 now, which it bounced off hugely in Novemeber. Hope it breaks for you and keeps dropping.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Technically, HOKU has been showing support around $5.79 and resistance in the $8.75 range. The selling signal was on but not strong. (http://www.9trading.com/index.php?symbol=hoku)
Posts: 40 | From: canada | Registered: Jan 2008
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