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Author Topic: HOKU Short at $6.46
stocktrader22
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Shorted at $6.46

$54 million stock offering aka dilution in filing today.

At $6.46 its like 8million shares...

O/S is only 19mill

Huge dilution.

No given price in the filing which is very unusual. You do the math.

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PCola77
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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.

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stocktrader22
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Well...who is the buyer out of curiosity? No price in the filing, something is fishy IMO. The company is a POS anyways without this filing.

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stocktrader22
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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.

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PCola77
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Approaching 6 now, which it bounced off hugely in Novemeber. Hope it breaks for you and keeps dropping.
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Peaser
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Just remember st22, the current O/S is still very low, so be careful...

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Buy Low. Sell High.

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stocktrader22
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Thanks bud...made a ton on this short already though. This company is a POS I expect it to go into the mid $5's

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chehtet
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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)

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stocktrader22
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I'm glad you are all coming to save me when this POS has dropped from this short of $6.46 to the $5's

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stocktrader22
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LOL HOKU POS just like I said. $5.18 now..

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glassman
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 -

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Don't envy the happiness of those who live in a fool's paradise.

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stocktrader22
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Damn what a total POS like I stated, $4.50

of course this is what you get when you dilute your whole stock for some POS "expansion" with some hot shot 35 y/o CEO

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stocktrader22
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$4.02 piece of SH*T
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tmanfromtexas
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LMAO TMAN...

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In the end, trust only yourself when trading stocks.

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