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.
Hans
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Originally posted by jblaze71 View PostAny 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"
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Originally posted by jblaze71 View PostAny 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.
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.
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Originally posted by jblaze71 View PostAny 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.
I think you'll do well with the short.
--------------billyjoe
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Earnings
Originally posted by billyjoe View Postjblaze,
I think you'll do well with the short.
--------------billyjoe
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.
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Originally posted by IIC View PostPretty gutsy holding over to earnings...I really have no idea...but my gut says you should've covered...Doug(IIC)
Guess my gut was wrong...Doug"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Originally posted by jblaze71 View PostAny 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.
I bought 100 shares at $27.01.Last edited by New-born baby; 11-09-2006, 10:54 AM.
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Originally posted by New-born baby View PostBlaze,
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.
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Originally posted by Tatnic View Postfundamentally 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.
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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.
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Originally posted by New-born baby View PostWe know why it bounced: shorts covering.
I bought 100 shares at $27.01.
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.
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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"
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