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Author Topic: Sevcon up 50%  (Read 394 times)

Doug S

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Sevcon up 50%
« on: February 04, 2017, 08:25:47 AM »

Does anybody know why Sevcon's stock value went up 51% in one day (today)?  I just checked my holdings and was shocked to see such a huge one-day jump. I checked their website but there's no new news or anything that might account for it.
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Erasmo

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Re: Sevcon up 50%
« Reply #1 on: February 04, 2017, 01:55:13 PM »

They secured a big contract.
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Fred

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Re: Sevcon up 50%
« Reply #2 on: February 04, 2017, 02:30:15 PM »

Damn! Why didn't I get any? I made a fair bit over the years buying shares in ARM just because I liked coding for their chips. Sevcon is UK too isn't it? Oh well, too late for me. [Never mind: Just seen they're US listed so I wouldn't have got any. I don't have a US sharedealing account.]

Congratulations, Doug. Hope you had a lot invested.
« Last Edit: February 04, 2017, 02:33:52 PM by Fred »
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Erasmo

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Re: Sevcon up 50%
« Reply #3 on: February 04, 2017, 06:05:23 PM »

Damn! Why didn't I get any?
A reoccurring thought when trading stocks.
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Doug S

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Re: Sevcon up 50%
« Reply #4 on: February 04, 2017, 10:36:33 PM »

I don't invest much directly in stocks, just playing-around money, because I don't know or care anything about trading stocks. I do no analysis, don't check the metrics, don't even really know what they are. I just stick a few bucks on companies whose products seem solid and forward-looking to me, which is why I bought Tesla years ago (hehe).

When I started researching electric motorcycles, I ran across Sevcon's name, and looked them up. Honestly, it wasn't their electric motorcycle business that impressed me, that's real and probably going to grow, but still a pretty small niche. But they're primarily a one-stop shop for industrial electrical equipment like pallet jacks, forklifts, etc., and that's already a very solid business with nowhere to go but up. Tesla's gigafactory alone is probably going to buy about a bazillion pallet jacks as they gear up. So far, Sevcon's been even better for me than Tesla has been. Knock on wood that it will continue.
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