ASPN..the only reason I am not as concerned with a serious retrace here is because this appears to be an "undervaluation" scenario that is being corrected. If the company matches last quarter's earnings, they will have earned $2 mil for the year, which gives the stock a trailing PE in the low 20's. And that is after the bizarre run-up in the stock.
If they start adding some drilling successes that even come close to last year's impressive results, it appears the stock still has a ways to go.
Having said that, I have sold about half of my position between $4 and $7.25 to lock in some profits, and so I can feel comfortable holding the rest to see what the company can deliver in the future. As the saying goes, nobody ever lost money by taking profits. And there is always the fear of losing some impressive paper gains. All depends on one's trading philosophy and comfort level.
Now if FPPC can get some momo, I will be very content here in the oil patch!
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