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  • jblaze71
    Member
    • Feb 2006
    • 33

    Hans

    Any opinions on HANS. I am short the stock and everything I have read seem like the quarter will be in-line or below estimate when they report tomorrow. I am just wondering why the stock bounced today? Because it is coming off the stock options reporting or I am dead wrong in my analysis and HANS is going to have a break-out quarter. Any thoughts would be greatly appreciated.
  • IIC
    Senior Member
    • Nov 2003
    • 14938

    #2
    Originally posted by jblaze71 View Post
    Any opinions on HANS. I am short the stock and everything I have read seem like the quarter will be in-line or below estimate when they report tomorrow. I am just wondering why the stock bounced today? Because it is coming off the stock options reporting or I am dead wrong in my analysis and HANS is going to have a break-out quarter. Any thoughts would be greatly appreciated.


    Pretty gutsy holding over to earnings...I really have no idea...but my gut says you should've covered...Doug(IIC)
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

    Comment

    • New-born baby
      Senior Member
      • Apr 2004
      • 6095

      #3
      Originally posted by jblaze71 View Post
      Any opinions on HANS. I am short the stock and everything I have read seem like the quarter will be in-line or below estimate when they report tomorrow. I am just wondering why the stock bounced today? Because it is coming off the stock options reporting or I am dead wrong in my analysis and HANS is going to have a break-out quarter. Any thoughts would be greatly appreciated.
      Blaze,
      Here's a few thoughts:
      I would think that yesterday's action was shorts covering in the face of earnings announcement: Safety first buying action.

      Daily chart shows a possible double bottom pattern. That's bullish. Add in all of these bullish signals, too: RSI bounced solidly off of the 30 line; HANS moved up strongly on much higher than average volume. The PnF indicates that HANS has already fell much further than the target (running out of steam). The STO is indicating that HANS may be a buy here (we will know today if the %K crosses the %D above the 20 line. Looks like it will from here). Then there is incredible support at the $26.80 or so level. To my eyes, it looks like GM this past January. I was short the stock, and I ran into rock solid support at the $18 level. There just wasn't no how, no way she was dropping lower. That was a buy signal then, and I think HANS will bounce here.

      Here's my view (I am not always right, either): HANS will bounce today, and run up to at least $29.50-$30.69 area before she hits any resistance. We will have to re-evalutate the chart if HANS takes out this resistance, because if she does, then HANS will be a bullish chart again.

      What would I do? Get out of the way. When the news hits, and if the stock bounces, then I would cover my shorts and BUY HANS.

      Best to you. I'll watch the action to see how right/wrong I am. If she bounces nicely, I'll probably jump in, too.

      pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

      Comment

      • billyjoe
        Senior Member
        • Nov 2003
        • 9014

        #4
        Originally posted by jblaze71 View Post
        Any opinions on HANS. I am short the stock and everything I have read seem like the quarter will be in-line or below estimate when they report tomorrow. I am just wondering why the stock bounced today? Because it is coming off the stock options reporting or I am dead wrong in my analysis and HANS is going to have a break-out quarter. Any thoughts would be greatly appreciated.
        jblaze,
        I think you'll do well with the short.

        --------------billyjoe

        Comment

        • New-born baby
          Senior Member
          • Apr 2004
          • 6095

          #5
          Earnings

          Originally posted by billyjoe View Post
          jblaze,
          I think you'll do well with the short.

          --------------billyjoe
          This ought to help out a lot!

          CORONA, Calif. (AP) - Hansen Natural Corp., which makes sodas, juices and teas, on Thursday reported its third-quarter revenue surged 69 percent, but did not provide its complete quarterly results and said it would do so once a probe into its stock option practices is complete.

          On Monday, the company said it would appoint a committee to investigate its past stock grants and warned it might delay reporting its quarterly financial results. Earlier this month, Hansen disclosed that it received an inquiry from the Securities and Exchange Commission requesting the company voluntarily submit information about its stock-option grants from 1996 to the present.
          pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

          Comment

          • IIC
            Senior Member
            • Nov 2003
            • 14938

            #6
            Originally posted by IIC View Post
            Pretty gutsy holding over to earnings...I really have no idea...but my gut says you should've covered...Doug(IIC)
            Hansen Natural Delays Release Of 3Q EPS, Pending Probe
            Guess my gut was wrong...Doug
            "Trade What Is Happening...Not What You Think Is Gonna Happen"

            Find Tomorrow's Winners At SharpTraders.com

            Follow Me On Twitter

            Comment

            • New-born baby
              Senior Member
              • Apr 2004
              • 6095

              #7
              Originally posted by jblaze71 View Post
              Any opinions on HANS. I am short the stock and everything I have read seem like the quarter will be in-line or below estimate when they report tomorrow. I am just wondering why the stock bounced today? Because it is coming off the stock options reporting or I am dead wrong in my analysis and HANS is going to have a break-out quarter. Any thoughts would be greatly appreciated.
              We know why it bounced: shorts covering.

              I bought 100 shares at $27.01.
              Last edited by New-born baby; 11-09-2006, 10:54 AM.
              pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

              Comment


              • #8
                Originally posted by New-born baby View Post
                Blaze,
                Here's a few thoughts:
                I would think that yesterday's action was shorts covering in the face of earnings announcement: Safety first buying action.

                Daily chart shows a possible double bottom pattern. That's bullish. Add in all of these bullish signals, too: RSI bounced solidly off of the 30 line; HANS moved up strongly on much higher than average volume. The PnF indicates that HANS has already fell much further than the target (running out of steam). The STO is indicating that HANS may be a buy here (we will know today if the %K crosses the %D above the 20 line. Looks like it will from here). Then there is incredible support at the $26.80 or so level. To my eyes, it looks like GM this past January. I was short the stock, and I ran into rock solid support at the $18 level. There just wasn't no how, no way she was dropping lower. That was a buy signal then, and I think HANS will bounce here.

                Here's my view (I am not always right, either): HANS will bounce today, and run up to at least $29.50-$30.69 area before she hits any resistance. We will have to re-evalutate the chart if HANS takes out this resistance, because if she does, then HANS will be a bullish chart again.

                What would I do? Get out of the way. When the news hits, and if the stock bounces, then I would cover my shorts and BUY HANS.

                Best to you. I'll watch the action to see how right/wrong I am. If she bounces nicely, I'll probably jump in, too.


                fundamentally I agree with blaze that hans is a short, but your chart makes me think his timing is way off IN THE SHORT RUN.

                BUT, I do recall reading a headline somewhere recently that energy drinks are coming under fire from some agency and may come under much more scrutiny and regulation. That would certainly put a huge damper on hans over the longer term.

                Comment

                • New-born baby
                  Senior Member
                  • Apr 2004
                  • 6095

                  #9
                  Originally posted by Tatnic View Post
                  fundamentally I agree with blaze that hans is a short, but your chart makes me think his timing is way off IN THE SHORT RUN.

                  BUT, I do recall reading a headline somewhere recently that energy drinks are coming under fire from some agency and may come under much more scrutiny and regulation. That would certainly put a huge damper on hans over the longer term.
                  Right on, Tatnic. I am looking only for a short term move.
                  pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                  Comment

                  • jblaze71
                    Member
                    • Feb 2006
                    • 33

                    #10
                    Hans

                    Well I got out of my position with a profit. I think you are right Tatnic. In the long run it is definately a short but I will not wait for a better reentry position with the TA looks better. I don't know what to make of their earnings. Revenue is almost right at the expected number but gross margins are down. Hard to weigh the fundies with no knowing the effect of the stock options probe.

                    Comment

                    • New-born baby
                      Senior Member
                      • Apr 2004
                      • 6095

                      #11
                      Originally posted by New-born baby View Post
                      We know why it bounced: shorts covering.

                      I bought 100 shares at $27.01.
                      I sold at $27.20.

                      Looking for re-entry.

                      In at $26.86

                      Out at $26.92

                      Lunch money (with Doug )

                      By the way, I think $26.50 is a good entry if you like it. If $26.50, Blaze, short this baby down into the dirt.
                      pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                      Comment

                      • New-born baby
                        Senior Member
                        • Apr 2004
                        • 6095

                        #12
                        Right now HANS is basing in the $26.94 area. A break above $27 suggests she runs to $27.25 for a day trade
                        pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                        Comment

                        • IIC
                          Senior Member
                          • Nov 2003
                          • 14938

                          #13
                          I was watching for a possible quick buck too NBB...unfortunately my computer was messing up so I had to shut down and run some maintenance for 15-20 mins
                          "Trade What Is Happening...Not What You Think Is Gonna Happen"

                          Find Tomorrow's Winners At SharpTraders.com

                          Follow Me On Twitter

                          Comment

                          • New-born baby
                            Senior Member
                            • Apr 2004
                            • 6095

                            #14
                            Move!

                            If this skunk can bust $27, it ought to run a bit. Horrible resistance at that $26.99 level.
                            pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                            Comment

                            • jblaze71
                              Member
                              • Feb 2006
                              • 33

                              #15
                              Hans

                              NBB,

                              According to the chart of HANS, I think that if it breaches resistance at 26.06 would be the time to get in short. Your thoughts?

                              Comment

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