Thread: Long CSUN - Breakout

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  1. #1

    Default Long CSUN - Breakout

    I entered CSUN near the end of the day yesterday on the breakout. Its still below its upper bollinger although it looks to be opening close to that today. If this behaves like other low float stocks ( 6 million shares ) and other Solar Stocks, I'm expecting this $6.00 stock to test $9.00 to $10.00 in a very short amount of time. I doubt that it will leave a gap, so I'd try to buy it near $6.20 to $6.30

    China has become much more friendly towards Solar Stocks in the country and will be allowing more investment and favorable loans. Not looking to fall in love with this one, just a trade.
  2. #2

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    Looks like this did get posted, my bad. Up over 10% today. I think this is going to continue. Its testing its upper bollinger, but with the Solar Stocks as hot as they are and the relatively small float of this stock, I'm expecting a big move $1.50 to $2.00 in short order.
  3. #3
  4. #4

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    Sold CSUN at 7.30 and Bought REFR at 6.70
  5. #5

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    I bought CSUN at 7.28 yesterday, still holding and have my fingers crossed. I'll hold this for 1 or 2 more days. Looking for a big breakout and move towards a new 52 week high. The breakout should be big if it does make it.

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