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As the market improved in January, I discussed the idea of digging underneath the surface and gauging the health of the market by the sum of its parts, instead of simply declaring a top because of gut feel. In this post, I noted that even beaten-down sectors were seeing much-improved price action and, perhaps just as important, buy volume. The clean energy, new age technology stocks fit that bill. Here again, the huge increase in buy volume seems to have foreshadowed the bullish turn of events.
Today, CLNE FSYS WPRT continue to break higher. Many had been discussing these stocks for a while now, but timing is important (pardon the coding mumbo jumbo).
I went long FSYS inside 12631 last Wednesday at $24.48. Specifically, this is what I wrote inside out chat room.
New Long: $FSYS @ $24.48. Stop-loss: Below $23.30. Full position. Breaking out right now and is a short squeeze/low float play. Earnings are 02/20 and I will sell before then.02:57:17pm EST on Wed, Feb 8, 2012
Well done Chess. Thanks
For anyone not subscribing to the PPT / 12631: The above $FSYS trade just paid for my entire year’s subscription for both services.
Great call on $FSYS, Chess! h/t
Ditto to what Dirk said. I made enough from most of your picks to pay for years of 12631 and PPT subscriptions.