Tag: PSUN

PLUG, BLDP, MACK & Extended Watchlist

Plug Power, Inc. PLUG
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We had a feeling that PLUG was going to continue its run yesterday, as stated in our daily report, and once again our instincts served us well. The momentum built up in this stock on Wednesday as it made a 23% move to close out the session on more than 6x the 3mo. average volume was impossible to ignore.

After opening at the key resistance point we outlined (1.45) PLUG briefly dipped to 1.43 and then barreled upward as it touched a high of 1.96, an intraday gain of 37% on roughly 14x the average volume. The momentum continued to build in PLUG and we continued to follow along closely. Remember, our coverage of this play goes back a long way, since the stock was trading in the .11-range.

This morning, the stock is gapping up above 2.00. The current pre-market high of 2.19 represents a gain of 1804% from the low following our first ever PLUG alert back on Feb 28th. The gain from our recent re-alert at a low of 1.04, at this morning’s high, stands at 111%

PLUG has certainly surpassed any expectations we had for it, and as you can see on the chart below, it appears currently overbought, which means the time to take profits off of the table is fast approaching. For newcomers, we believe the best action would be to patiently await a dip, and subsequent rebound, as has occurred several times this year.

Ballard Power Systems, Inc. BLDP

BLDP appeared on our extended watchlist on Wednesday, at which time the stock was trading at a low of 1.34. This morning, we are witnessing a gap-up on a PR that hit the wire post-market yesterday, with trades currently going off in the 1.80-range. We’ll want to keep an eye on the activity here as we close out the week, so we’re reserving a spot on our tickers for BLDP.

VANCOUVER, Dec. 5, 2013 /PRNewswire via COMTEX/ — Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) has announced the signing of a non-binding Memorandum of Understanding (MOU) with Van Hool NV, Europe’s fourth largest bus manufacturer, in support of the manufacture and further deployment of zero emission fuel cell buses.>>>FULL STORY

Merrimack Pharmaceuticals, Inc. MACK

MACK is another play we’ve been tracking recently, mentioning it for the first time on November 8th, when it was trading as low as 2.40. Like the previous play, MACK is gapping up this morning to the tune of more than 100% with shares changing hands for more than 4.80.

CAMBRIDGE, Mass., Dec. 6, 2013 (GLOBE NEWSWIRE) — Merrimack Pharmaceuticals, Inc. (MACK) today announced that Phase 1 data evaluating safety of the novel agent MM-302 in patients with advanced HER2-positive breast cancer will be presented at the 2013 San Antonio Breast Cancer Symposium (SABCS), December 10-14, 2013 in San Antonio, Texas.  >>> FULL STORY

Extended Watchlist:
GERN, BOSC, CPST, FCEL, PSUN, ENZN, ETAK, OCLS

TCPS, STWG & Extended Watchlist

TechnoConcepts, Inc. TCPS

TCPS was trading as low as .0025 on Tuesday following our first mention of it. Yesterday, after being featured the morning report, the stock went on to reach a high of .0087, marking a walloping two-day gain of up to 248%

We need to mention, this stock has been on a consistent uptrend for the past five sessions, so it’s time for us to start thinking about the inevitable pullback which follows a big surge. While it’s not altogether clear whether that will come today or tomorrow (as Friday’s tend to be big profit-taking sessions), it will be important for those of us still in, to play with tight mental stops to protect our profits, and remain very cautious of a reversal.

S2C Global Systems, Inc. STWG

We mentioned STWG for the first time back in December when the stock was trading in the .0011 area, and managed to hit .0038 the very same day. It would subside back to .001-range in the weeks that followed.

We were prompted to put STWG back on our watchlist on April 19th, as the day before, it had broke a previous resistance point at .0036. From there, we’ve seen it hold above the 50DMA as support.

Yesterday and the day before, it touched .0087 (a 691% gain off the original low), breaking the previous high of .0076, on the heels of a PR out this week:

SCOTTSDALE, Ariz., May 21, 2013 /PRNewswire/ — S2C Global Systems, Inc. and its wholly-owned subsidiary S2C Global Resources (STWG) (“the “Company”) are pleased to announce that the Company is advancing rapidly to obtain Current Information status on the OTC Markets/Pink Sheets. In addition to other corporate developments soon to be announced, this is an important milestone for STWG in its plans to return to fully reporting status on the OTC Bulletin Board within the next twelve to eighteen months.

Side Note:
Since Ben Bernanke discussed the Fed’s tapering of quantitative easing measures yesterday, the markets began to go into freefall. We are also seeing a big gap-down in the markets this morning, and as always we want to find ways to use current conditions to our advantage. We are paying attention to the call options on the VIX, VXX, and UVXY, as they tend to go up when the market tanks. We will also be looking at SPY puts.

Extended Watchlist:
SHZ, ACLS, PSUN, VVTV

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