You obviously misread my intention with the initials.
I was thinking Big Short. but thats fine. I also find it interesting that there are hundreds of folks like yourself who "dont ever take positions in stocks but yet always manage to get onto message boards and play negative nellie.
Some folks actually get paid good money to do such things.
Here's the actual play at HSC. Feb 26 the company suspended a dividend based on the outlook for 2016. The share price dunked 39% in les than 2 hours in what is known as panic sell-off.
The company is still on solid ground and in fact released subsequent news of a $10 million contract to fence the airport in Mexico City. In addition, ifyou are nothing more than a chart player, this stock setup for what we refer to as teacup chart. The huge crash down forming 1 side of the teacup, the sideways trading forming the bowl and now the run up to build the other side of the cup.
Regardless of how you looked at HSC after the 27th of Feb it was a buy situation.
The stock is showing all signs of a recovery of at least 25% of the 39% it lost on the 26th.
The grab was in the 3.65-3.70 range, the recovery should put this in tje vicinity of 4.40-4.50 by the time it settles back in to a more normal looking stock chart.
Good luck. Whichever route you take.
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