Blue Earth, Inc. BBLU – Update
While we most commonly look for short-term, quick-strike trading opportunities, every so often we’ll sneak in a longer-term play, and that’s just what we did on Tuesday of last week with BBLU.
BBLU had just begun to undergo a massive selloff with no prompt from a filing or news release. This caused us to take notice and tag the stock for extended observation. Our exact words were “We’ll go ahead and reserve a slot on our radar screens for BBLU with an extended bottom-watch designation. It’s far better to show up to the party early and be ready to strike immediately upon the slightest hint of a rebound.”
As it turns out, we were absolutely spot-on in our assessment of BBLU and how to approach it. After ultimately bottoming out at a low of .04 at the end of last week, the recovery has been a thing of beauty. BBLU caught fire and ran back to a subsequent high of .23, regaining its lost ground just as we suspected. That’s an incredible 475% swing!
As we point out on the chart below, things are still looking ripe for yet another leg-up, so we’ll keep a keen eye on BBLU in the sessions ahead.
Added Notes:
Speaking of bottom-plays, we have a couple of other familiar stocks that are just now trading at their own recent lows, and could be in line for recoveries.
We’ve been tagging them in our extended watchlists recently, and we’re going to have them both on a more intensive watch moving forward.
Axion Power International, Inc. AXPW
Skyline Medical, Inc. SKLN
Fresh Options Idea
We’ll look to further our success with options plays this week with an idea we feel has good potential based on a favorable earnings report.
Dollar General, Inc. (DG) is gapping up this morning into the $79-range, so we’re going to be on the lookout for a possible dip-and-rip situation, whereupon we’ll be tracking DG Weekly $78-80.50 Calls for possible daytrade and/or swing trades into tomorrow’s session.
Extended Watchlist:
AVXL, ANTH, BOX, RUN, HGG, PGEI, DEAC, SCIE