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

[David Randolph]

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

Cheers

Not yet, I'm looking to buy BCON, but not today. Of course, you will know when I'll do it in advance, hours before I actually purchase the shares 

I wonder if it won't come down to the 50% retracement ... the short term trend is bearish now, perhaps it needs to form a base before another powerful leg up.

Good luck usedcasting 

[Se7en]

What is a fair value for BCON and can you compare it it in any way with VPHM, i mean was the recent big runup of BCON justified?!
Tia!

[David Randolph]

BCON touched the 50% retracement level yesterday, around $3.20. I would like to buy the stock today, but I won't do it on a higher open, the stock probably won't be able to sustain that throughout the session (because of yesterday's bearish candlestick, it needs to come to negative territory before a sustained advance takes place).

Here's my plan: buy it in the first hour of trading at $3.20 or not at all (the stock is set to open at $3.40, that's the price on the pre-market).

I've made some good trades on BCON before the big run up from this $3.20 level and I'm glad I have the chance to buy back the stock at these attractive levels.

Wish me luck 

(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. The 3 Stocks on Fire Portfolio is up 148% since inception on 28th of April 2005. 3 Stocks on Fire is a Community of stock traders and investors. Our 3191 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register and receive our free newsletter)

[rickjust]

hi,
question about gapping up in the pre market. i noticed bcon selling this morning at 3.95
265,000 shares. when there is a lot of selling like that in the pre market is it safe to presume that after a higher open it will start to retrace  , i noticed this yesterday also with vphm open at 7.20 with a lot of selling pre market rather than buying and then moved down .
(i realize it is not safe to presume anything in the market lol)
any input would be greatly appreciated,
thanks
maxi

[setravis]

 
active in the pre-market..
+6.12%.....Volume......275,031

[AussieTrader]

Yesterday the BCON action had the effect of producing a nice white candle almost totally reversing the prior days red candle (railroad reversal pattern, not  a perfect one, but still one). So todays gap action is a follow on from that bullish pattern. Could be setting up a push through $4.

[setravis]

Chart looking good.......

[setravis]

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Last Trade: 3.80
Trade Time: 10:57AM ET
Change:  0.23 (6.44%)
Prev Close: 3.57
Open: 3.57
Bid: 3.79 x 9900
Ask: 3.80 x 3400
1y Target Est: 1.42

  Day's Range: 3.55 - 3.90
52wk Range: 0.35 - 5.35
Volume: 2,910,830
Avg Vol (3m): 7,032,190
Market Cap: 185.65M
P/E (ttm): N/A
EPS (ttm): -0.11
Div & Yield: N/A (N/A)

[traderchickee]

anyone notice the sudden interest in bcon....last two days.........?  I bought this am

[traderchickee]

looks like the day.................bought this am

[setravis]

We noticed...there is a thread running on it...I will bring it to the front page and you can read all the post in there. I'm still holding.....

[setravis]

Today's chart

[setravis]

It is time for me to take profits....Sold BCON and also CPST.
It was a nice ride.......   Maybe we shall do it again sometime

[Tirebldr]

I believe BCON is about to breakout early next week. All we need is a few more says and volume. What do you think?

[Tirebldr]

My apologies for such a lousy chart