Thursday, October 9, 2008

Energy Conversion Devices Fills Gap (ENER)

The last gap-filler we had was FSLR, which popped $15.00. The next day Goldman put out their infamous sell rec. A few hours ago we put on our rally hats. We stopped out at a 3% loss (270 points). We also bet on the Germans in 1940 (it was looking so promising in May).

Speaking of May, on May 7, ENER closed at $34.81. The next morning the company reported earnings, the stock gap-opened at $43.95 and closed that May 8 at $49.91 on its way to a top-tick $83.33. Today the stock filled that gap. It's worth a trade but keep those stops tight.
From BigCharts: