BCON - Sector: Utilities --- Industry: Electric Utilities

[Tirebldr]

Should drop back under $5
Congrats to you my friend

[REALDEALS21]

If it stays around the 5.18-5.25 thru the day, then at around 2 p.m, it might break the high of the day.

[airv]

I bought BCON at .90 cents in mid-June and like so many other times, I sell my winners too early and don't go up for the full ride.  I just find it too hard to believe a stock can give me more than 200% and I take my profits off the table before their peaks.  I sold BCON like an idiot a day after the flywheel announcement -- the day of the gap up open to 2.55.  But getting out at 2.50 was good enough for me.  Even though in retrospect, I could have done much better.   I was also in WLDA at 6.00 and sold at 10 -- missing the biggest move.  Same with HISC, bought in at .03 and sold at .07, missing the ride to .12.  And IFDG, another 200% gain that could have been 400%.  And ADBL too, which I got at 3.05 and sold at 12 - missing the ride to 25! Though booking profits feels fine, it causes a sinking feeling not to be with the stock any more as it keeps on climbing.  I bought MCEL several weeks ago at 1.92 and just bought FLWE today at .80.  I really think that rides like BCON and ISON (which I rode 300% in five days) and HISC are easier to find, but harder to stick out.  Anyway, it will be interesting to see how BCON trades over the next few weeks.  I think it peaked today at 5.35 and will head down a little for a while.  It has a dark cloud cover candle now.  But I'm no expert on selling.   

Lesson I learned is to implement a trailing stop near the close of the day rather than sell at a specific price target.


Another lesson is the next day after a white candle with no upper shadow the stock usually continues the uptrend.

Tomorrow I'm watching WVWC for an entry below today's close. Hoping to catch .325

[la-onda]

hey, please check updated chart.
IMO this is just a normal correction but I would appreciate TA analysis comments by our experts!

Tack se mycke in advance

[gri64]

Hi la-onda,

Unfortunately, I can't believe that it's a "normal correction". IMHO, it was sell-off by big players... so something happens behind the scene. I don't know what, but I don't like it 
I was absolutely shocked yesterday.... from +12% to -8% during 2 hours...

And I would appreciate comments by our experts not only for TA analysis, but overal view (TA+fundamental+news) 

Thanks in advance,
Gregory

[la-onda]

FYI:
BCON: Short Interest UP 4440.7% to 265.7K in Aug 2005

Thursday , August 25, 2005 06:00 ET

According to new short interest data from NASDAQ, short interest for Beacon Power Corporation (NasdaqSC: BCON) INCREASED 4440.7% to 265,724 shares for the month ended mid-August, 2005.

SYMBOL              JULY          AUGUST          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
BCON               5,852         265,724        +259,872     +4440.74%           1
Based on BCON's 20-day average daily share volume of 12,112,665, it would require approximately 1 day(s) of buying to cover this short interest.

[David Randolph]

BCON is one of the most bullish stocks and charts on the street. I'll be looking to buy it, not today, but perhaps tomorrow or in a few days.

Somewhere between $3.75 and $3.90 will be a nice entry point, I believe.

Everyday I saw this stock rise I got  , so this pullback is very welcome for me to get back in, doesn't matter if it is at a higher price.

But short term it looks bearish, up a lot intraday yesterday and today and now negative.

I love it fundamentally and I'll be a buyer on dips over the coming days.

[la-onda]

well here are your rentry area !!
you will buy or you will wait?

[soxguy]

bought at 3.77...

[cpxlam]

bought some at 3.75 and some more at 3.85

[David Randolph]

well here are your reentry area !!
you will buy or you will wait?

Hell, I can't buy today, not for the 3 Stocks on Fire Portfolio and I like to match the real deals with the Portfolio. I always tell in advance what I will buy or sell.

Besides, I find it difficult for BCON to make a bullish candle today, the stock opened at $4.48, was up 10%, then down more than 10% and now is down about 6%. The general market is still up a bit and I expect it to tank during the afternoon, I think BCON will go down with it ... I hope not, because I guess many people still hold BCON (I wish I held it too, I sold at $2.99  ), but that's my expectation ...

So, I'll wait 

[PerfectSage]

Thanks tirebuilder  The last 2 days look pretty ugly for BCON. 

[shawFund]

Two down days with high volume.

The run is over.

It presented a high realibility "Bearish Reversal Candlestick Pattern"
both yesterday and today:

Yesterday - Dark Cloud Cover
Today - Three Outside Down (confirmation of yesterday's pattern)

It touched 9 day MA and bounced back today though. Most people will take profit when seeing the bearish patterns.

This is a story stock and we will not see profit from the company until .....

VPHM is for real - a killer drug.

[basonista]

Livelife, I think you are being a little to lively.  Is there any reason to spam the board like this?

[usedcasting]

Good morning all, David, are you buying back in at this level. Just curious!

Cheers