Allstocks.com's Bulletin Board: BEXP

This is topic BEXP in forum Swing Traders at Allstocks.com's Bulletin Board.

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Posted by Jo4321 on :

BEXP $8.71

Natural Gas play for the winter months.

Currently trading above the 200-day moving average and trending up.

Last year's chart shows a definite pop in the winter months; however, this year, the PPS is starting out lower at the beginning of the season, so my estimate for a good "swing-trade" exit point would be $10.00 over the next 30-45 days, for a 14% gain.

Jo
My record sucks...FWIW

Posted by fourseven on :

Jo,

BEXP looks like it's forming a double top, and about to turn back down. Last couple of days down volume is picking up. Perhaps a better time to get into it would be around 8.25, if the chart is right?

Posted by Jo4321 on :

Looks like you are right. $8.25 could be a good entry point.

Posted by fourseven on :

Well, it's bottoming out around 8.20 by EOD today...

I'm in at 8.21, let's see what happens [Smile]

Posted by Jo4321 on :

Good entry, there. Up to $8.47 today. Mentioned on Motley Fool today after hours as a good "turnaround stock".

http://www.fool.com/news/commentary/2006/commentary06121422.htm?source=eptyholnk 303100&logvisit=y&npu=y

Posted by The Don on :

This week will bring some green days for sure...price is currently resting on support.

Posted by fourseven on :

Looks like the price is on track with the trend line (trend line being formed by the last three dips). 8.75 is the next resistance point...

Posted by fourseven on :

Whoa! I'm out at 8.12, stop loss kicking in.

Posted by The Don on :

Crazy day...just totally pierced the support! Gotta love the stop loss