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A real mover: DSTI

By David Randolph · July 12, 2005 · 1 min read · 614 views
I've made a terrible mistake when I considered that DSTI couldn't move very fast. I've made a two day trade in it, back in the beginning of June (following an eliteG recommendation - he's the Man), and sold it with just 21% profit if I remember correctly.

But DSTI has a very low market cap of just $57M, although the stock is currently trading around $16 a share. Given the astonishing volume I expect DSTI to step on new ground above $17 this week:

With oil price so high no surprise DSTI products are getting more interest and demand:

«Daystar Technologies, Inc. (DSTI). The Group's principal activity is to develop thin-film, copper-indium-gallium-selenide solar cell, known as a CIGS solar cell, for the direct conversion of sunlight into electricity. It is also developing a high-volume manufacturing process that could reduce the cost of solar cell production and reduce the cost of solar electricity. The Prototypes of CIGS cells, produced in batches in the laboratory, have been used on a test basis by the United States Air Force Research Laboratory and Dutch Space B.V. The Group, through its subsidiary, DayStar Solar LLC, resells and installs solar electricity systems for residential customers in northern California. The Group operates in the domestic market.»

(This analysis was part of the Top 10 for Tuesday thread. At the end of the thread I've decided to buy DSTI for the 3 Stocks on Fire Portfolio)

I've started this new thread so later I can update the DSTI analysis everyday after the close until I sell the stock.

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