Registered User Joined: 9/2/2009 Posts: 85
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Hello everyone,
Cleantech Solutions is the latest stock which I am closely watching right about here. It is currently at $3.96. Today, it fell 48 cents or about 11%, but on low volume. In general, I like stocks that have popped up, then sink lower to their sinking 200sMa, and their rising 50sMa, which are about to "converge." This is exactly the current case with Clnt. It is clearly oversold, sitting on its' 200sMa, with the 50sMa sitting just below. Key technicals remain solid, especially on-balance-volume.
I really think you can make two rather quick points here:
Currently: $3.96
Downside Risk: $3.50- $3.65 + -
Upside Target : $6.00- $6.20 + -
Thanks,
StarWoodIp
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Registered User Joined: 3/8/2011 Posts: 58
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Classic mistake. Never buy or short without knowing when a stock reports it's earnings. It reported today. Now if it went up I hope you would not have taken credit for it, but if you did it would have been 100% luck.
I'm not saying anything was wrong with the call, or criticizing the call in any way other than the timing.
Good luck!
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Registered User Joined: 3/8/2011 Posts: 58
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Since it gapped down so much nobody got hurt unless someone thought it was an even better deal at 3.01. :)
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