Happy Leap Day!
Good morning, Traders! Before we jump into today’s report- it’s February 29th- so we’d like to wish our readers a Happy Leap Day! On this, the rarest of occasions, we thought it’d be interesting to use our archives to do a four year time-warp back to the last leap day and see what we were talking about.
It turns out that we had signaled Energy Recovery, Inc. ERII as a bottom-play opportunity on the morning of February 29th, 2012, and it turned into one heck of a long-term idea. The stock actually ran from it’s then-price in the 2.50-range to nearly 8.00 over the course of the next two years!
Flash forward to the current situation; ERII has been trending upward for the past two weeks solid, after having just announced an upcoming share buyback program a few weeks prior to that (>>View PR). Meanwhile, we have an RSI heading toward the power zone, and a MACD (not pictured) showing sharp upward divergence. We’ll monitor the stock in coming sessions on the chance that it continues the nice head of steam it has built up at the moment.
Updates on Recent Winners
INTREorg Systems, Inc. IORG
We first introduced IORG to our reports two Fridays ago, when the stock was trading as low as .62, and it has since gone on to reach a high of .88. This 42% rise came on relatively light volume. Given that IORG has such a low float (just 14.4M shares outstanding) it’s possible that only a slight amount of buying pressure can effect even larger gains than we’ve seen thus far, so we’ll have an eye peeled for increased activity.
Provision Holding, Inc. PVHO
PVHO first began appearing in our reports a few weeks back, and has continued to do so with regularity. On the day of our initial mention we observed a PPS of .084, and subsequent high of .18 (+114%). That was followed by an eventual dip back to .106 before rocketing to a new high of .25 (+136%). We’ll continue to track PVHO as long as it keeps inching its way up the chart.
Palo Alto Networks, Inc. PANW – Options Update
Among our options daytrading ideas from Friday morning’s report, one stands tall among all the others. The PANW Weekly $147 Calls ran from .10-2.00 for an incredible 1900% rip, marking not the first or second, but *third* gainer of 1500% or more for the week!
Fresh Idea: Taser International, Inc.TASR (03/04 $18.50-20.50 Calls)
Extended Watchlist:
AGTK, ASUV, USAR, HPTG, ELED,