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New Long Plays

None today.
 

New Short Plays

Hurco Cos. - HURC - close: 34.60 change: -1.23 stop: 36.26

Company Description:
Hurco Companies, Inc. is a global industrial automation company that designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal cutting and metal forming industries. (source: company press release or website)

Why We Like It:
We're going to list an aggressive short play on HURC. What makes it aggressive? First the stock has relatively low daily volume. That normally puts us on the defensive and increases the risk of volatility. Second, the stock has relatively high short interest at 9.9% of the very small 6 million share float. Again, that is a very small float and definitely raises the risk of a short squeeze. Third, HURC still has potential short-term support near $34.00. We're suggesting shorts right here but more conservative traders may want to wait for a breakdown under $34.00. Our target is the $31.00-30.75 range. We do not want to hold over earnings, which are usually in the middle of February.

Picked on January 30 at $34.60
Change since picked: + 0.00
Earnings Date 02/16/08 (unconfirmed)
Average Daily Volume: 116 thousand
 

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