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Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s):  HMDPF

Hammond Power Solutions Inc. is a Canada-based company, which enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. The Company's standard and custom-designed products are essential in electrical distribution networks through an extensive range of end user applications. The Company has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. Its products include power transformers, furnace transformers, converter transformers, regulating transformers, multi-pulse transformers, distribution transformers, pad mounted transformers and unitized substations. Its converter transformers are used in industries such as cement and steel plants, and other related applications. It serves various industries, including renewable energy, commercial infrastructure and industrial markets. It offers a variety of transformer and reactor solutions for the solar and wind energy market.


TSX:HPS.A - Post by User

Post by bigbird11on Jul 15, 2023 12:08pm
271 Views
Post# 35542609

MY OBSERVATIONS

MY OBSERVATIONSI had an aquaintance many many moons ago that ran a micro cap fund . He used to laugh at his dad and myself saying you guys are nothing but " noise traders ". We said well what do you mean? He laughed and said you are just in the way of the big money that moves stocks up and down . I NEVER FORGOT THAT .  
As you can see HPS has been "trapped " for months now. In other words controlled. Anonymous must be the market maker as the stock trades all over the place . On an up day or a down day it can swing afew dollars. The stock now has a bottom b ase of $50. We are 12 trading days away from earnings 
(AUG  1st after hours Tuesday ) I expect the stock to start firming up Friday july 28 and monday july 31. and definitely by Aug 1st. I don't expect new highs until the earnings are revealed the following day which I am assuming are going to be very good. Don't know how high the stock will go.........but it will trade at a new high. Eventually on its way to $85 or more . This is my opinion of what I see.




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