Ahh you gotta love it when new players enter and old ones retire—traders AND stocks. The key is being able to take what you can from each and then move onto the new hotness…
With that thinking, I loved CNEH—it was a weekend affair—but its proving itself to be too slow to continue to interest me (that’s right, I have commitment issues, I said it), CHQ and GST have been trying awfully hard, but their volume just plain sucks. Traders are fickle, we gotta have big moves and big volume…
So check out the 7 charts below, 3 of them are the new hot plays—great for buying with stops (something I can’t talk about cuz I’ve never done it well), short selling the fades (just did it nicely on TGC and HYGS as TIMalert subscribers know, up an ill-timed $350 on the day) and 4 others are now proving themselves to be dinosaurs, showing—especially today, now those are some friggin gradual breakdowns—traders don’t believe in them anymore, their exponential gains soon to become obsolete (good for longer term short selling, I don’t have the capital/patience)
Tengasco, Inc. (TGC)
Cubic Energy, Inc. (QBIK)
Hydrogenics Corporation (USA) (HYGS)
Fieldpoint Petroleum Corporation (FPP)
Pyramid Oil Company (PDO)
Mexco Energy Corporation (MXC)
Royale Energy, Inc. (ROYL)
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