Been bottom-fishing on REXX today, hopefully I will get all I can under 10.30 - looking for a good bounce and a possible 2-3 month set of nice swings. Not expecting to take it all the way to analyst's projections of 18.25; just a good entry point and playing the chart for the ride.
I have done very well swinging REXX in the past and didn't think I would catch it again around $10.
Many coal-fired power plants are refitting to burn natural gas instead so they can pass the new EPA regulations.
Also holding MEEC, a new upstart with a license agreement to market cutting edge technology from the EERC to reduce mercury emissions, now that they are law. More of a long-term 2-3 year hold on this one because of the tremendous potential. Management of MEEC is top-notch.
All The Best
Be careful, most people get burned by penny stocks.