ERII, THQI | Afternoon Updates

Energy Recovery, Inc. ERII

After giving our readers the heads up that ERII was approaching its 52-wk low, we were pleased to see that after finding a brand new low the stock has recovered nicely. The ones of us that were able to successfully call the new low at 2.02, are now enjoying steadily rising gains, which stood at roughly 19% at today’s high (2.44).

ERII is a good illustration of how bottom-fishing for NASDAQ-listed stocks near their annual lows can be an effective short-term strategy.


After first alerting THQI on Feb. 3rd, the stock ran from as low as .5258 to .68. Then, on Mar. 5th, we re-alerted, as THQI had news out, and saw a new low of .48.

The stock has now recovered once again, hitting .5949 this afternoon; a gain of 24% from .48.