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Sevcon up 50%

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Doug S:
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.

Erasmo:
They secured a big contract.

Fred:
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.

Erasmo:

--- Quote from: Fred on February 04, 2017, 02:30:15 PM ---Damn! Why didn't I get any?

--- End quote ---
A reoccurring thought when trading stocks.

Doug S:
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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