TechnoConcepts, Inc. TCPS
We called for caution on TCPS in yesterday’s report, indicating our belief that a pullback was likely to soon be upon us. Fridays are often profit-taking days, and after six straight sessions of gains (420% in total at yesterday’s high, from original alert at .0025) it’s difficult for us not to chalk this up as a win and take our hefty profits.
While there is a chance the momentum could carry over to next week, at the very least, we’ll be looking to sell half of our position to lock in our initial investment, and ride the rest of the way on the house’s money.
Fannie Mae and Freddie Mac – FNMA & FMCC
FNMA and FMCC appeared in the extended watchlist both May 15th and May 16th, and since that time, have each made sizable increases:
FNMA – Low (05/16):1.20 – Yesterday’s High: 2.20 – Gained: 83%
FMCC – Low (05/15): 1.11 – Yesterday’s High: 2.05 – Gained: 85%
Both of these have been trading copious volume, so we want to be on the lookout for a continuation of the recent uptrends. In the event of a pullback, we feel there would be significant bounce opportunity.
Solar Sector Watchlist:
It looks as if the solar plays we mentioned on Tuesday are beginning to heat up. We are going to be paying attention to this group of stocks as we head into the long weekend:
ASTI, RSOL, CSIQ, HSOL, FSLR, SCTY, JKS, LDK
Extended Watchlist:
HALB, TNP, FREE, EGLE