Tuesday, June 1, 2010

Another stock with earnings momentum...

I recently discovered yet another stock showing significant earnings momentum. The stock is PWER and it appears to working on a base during the current correction after its second earnings acceleration in recent time in late April.

I do not like PWER as much as I do DDIC and APKT, however, it looks to be a stock with sufficient fuel to double in the next 3 - 6 months when the markets rebound from this correction. Therefore it looks a good addition to any watchlist.

I am still holding onto my position in APKT and waiting for an opportunity to move up my stop loss. Other than that, I am waiting to see further upside strenght in the indexes and on DDIC to complete some sort of tradeable pattern. Other than that, I do not have any plans to trade in the next few days.

In the meantime, good luck and good trading.
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