by Travis Johnson, Stock Gumshoe | October 31, 2008 3:51 pm
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Source URL: https://www.stockgumshoe.com/2008/10/october-idea-of-the-month-otter-tail/
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First, I purchased this stock in 2006 and sold it in 2007 for a nice gain.
I do thank you for reminding me of it because I think it deserves another look.
By the way, Bill Gates has a position in this company through his investment company CASCADE INVESTMENT LLC 2,556,499 shared worth $99,268,856 on 30-Jun-08. I assume Bill ran this by his friend Warren. But who knows.
Anyway, thanks again for the idea, I intend to do some research on this one.
I hope one day you will look at the Supply & Demand metrics for the stock idea of the month. OTTR is a zero out of 5 technical positive. The P&F chart was clearly showing this was a falling knife in October. The spread double bottom break at $19 was the next to last nail in the coffin. Looks like the May 1998 at $15.50 may provide some support. If you really like the story, the April ’09’s are trading at $2.50. Huge resistance at $24 so it could be a trade. Read the disclosure etc.