Your alterego must be ULTRALONG on the Motley Fools CAPS board.
Friday's price action was the result of the stock being way overbought.
I was fortunate to buy at $ 1.80 and smart enough to sell it at $ 3.88 on Thursday morning because the charts started showing the first signs of weakness on a pickup of volume. Prior to Thursday, the stock just didn't want to go down.
A +100% gain in 3 weeks, in addition to the realization that it was being driven by all the email promotions was a recipe for this reversal. This stock had gotten ahead of itself.
I'll be a big buyer again after a retracement the $ 2.00-$ 2.50 level because this stock is going back up so if you're short, which I think you are, take your profits on the way down to the $ 2.25 mark.
This company has $ 128M in contracts for its turbines and has just gotten some private equity commitments going forward. I'm sure Longboard Capital Advisors and Clarus Capital wouldn't be sticking their money into this company without their proper due diligence.
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