Showing posts with label ENER Energy Conversion Devices. Show all posts
Showing posts with label ENER Energy Conversion Devices. Show all posts

Monday, June 16, 2008

Fast Money Recap 6.16.08 ENER CHK

Links:
Top 2008 Stocks - http://blackberrystocks.com/topstocks.html
Oil and Gas Finds: http://oilshalegas.com

Fast Money Stocks 6/16/08

Jeff Mackie: Opinions

Oil: Get short on a gap lower with heavy volume

Pete Najarian: Opinions

Financials: Finally started to act better....Technology was Strong
CHK: CEO Bought 200,000 more shares on Friday
RMBS: November $20 calls very active.....keep an eye on RMBS
ENER: Buy on the dips...they are pricing a secondary next week..buy on the dip, 20% short interest

Guy Adami: Opinions

Lehman LEH: The easy trade is over....wouldn't short it but wouldn't pile in either
RIMM: A little ahead of itself
AAPL: Think you can $200 by July 4th.
US Steel X: I wouldn't be running into steel here but I like X at $160 area
DUG: I'd give this stock a shot
WFR: I think it can go to $70 soon

Joe Terranova: Opinions

Oil.....like what I saw in Oil today...it fell apart. Natural Gas remains strong....this is the way to play energy right now.
AAPL: Buy Apple, stop out at $165

Recap of 6/13/08 Fast Money Click Here

Saturday, May 17, 2008

ENER - Energy Conversion Devices Update FSLR

As you already know, I am a shareholder of Energy Conversion Devices...ticker symbol ENER.

I bought this stock on the first day of the Earnings breakout at $42 per share at about 9:45am. I watched this stock all morning up go with huge volume in pre market so it was the real deal this time. ENER has had major problems executing earnings in the past....so finally seeing them execute was key to a successful new management team.

So after 10am it held $40 and went on to break a new high of day. When stocks break out on huge volume, especially the high of the day after 10am.....it can potentially set up for a incredible move.

When ENER broke out, I had flashbacks to First Solar ( FSLR ) back in Feb 2007 when I bought FSLR in afterhours at $38 after they released their earnings. It went down to $36...shot back up to $40 and I sold for a nice $2000 gain. First Solar is now $310 per share.

Back to ENER.....I knew from my Stock Charts that the first resistance level was at $46.88ish. Turns out we blew past that level....hit $48, and then bounced off the support of $46.88 level repetitively. I then thought if this level could hold, we would test $50. A close above $50 and we would quickly run to $55 and eventually test all time support at the $57.82. Keep in mind, I found these points from highs 2 1/2 years ago.....because of the fact ENER gapped over the previous years highs...I needed to find the next ones which took my the whole way back to 2005.

So in conclusion.....I think ENER is a baby First Solar if management can execute....that is a big " IF ". So far they have shown us three straight quarters of great things.

On the charts, if we can close over that big resistance of $57.82 we could really start moving.

To view my ENER chart go to : http://blackberrystocks.com/ener.html

Friday, May 16, 2008

Garmin GRMN Stock on Fire Today!! ENER

Garmin is doing everything that I expected Garmin to do recently......I'm glad Wall Street is finally taking notice that it is a cheap stock. It is not a traders stock, it is a buy and hold until Thanksgiving or Christmas.....and that is what I intend to do. Same for ENER. I'm excited to see what it does when it can finally hold above $50 for a few days.

For a more detailed chart check out the following page as I have made a great chart

http://blackberrystocks.com/charts.html

Monday, May 12, 2008

ENER : Energy Conversion Devices

ENER Energy Conversion Devices
My last post tonight: A guest on CNBC Fast Money tonight saying that Energy Conversion Devices ENER is going to $80. He says the big boys haven't bought yet and they will all pile in. To be continued........

As always, check out my hottest stocks during the day http://blackberrystocks.com/hotstocks.html