Monday, February 11, 2008

Longshots: Hoku Scientific

My favorite of the 3 Longshots is Hoku Scientific. How can anyone shun the $10 billion in contracts? Or the recent extension to the Sanyo deal? Conversely, it's impossible to wonder if the Idaho plant will be ready on time. My gut says HOKU will come through, but experience tells me wait for a great price. Today's run to 10.11 puts the stock near its 50-day SMA. There's still quite a bit of time before the plant deadline is here, and I expect HOKU to fluctuate up and down. If it can drop back to its 200-day SMA (8.85), I'm in.

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