GU Remains a BUY
5 February 2010; market open (The previous issue was broadcast on 1/28/10)
Preemptive Profit-Positioning: Gushan Environmental Energy (GU NYSE): $1.10 X $1.11 Last Thursday, I announced a preemptive buy-signal on Gushan Environmental Energy (GU) at the $1.28 per share range. We subsequently ran into a bit of a rough week market-wise and for the GU share-price – with the Dow falling from $10,310 to 9,917 and GU retreating from $1.30 to an interim low of $0.98 per share. Despite the current market weakness and temporary GU setback, we still like Gushan shares at current price levels based on the merits outlined in our previous two weekly issues. During today’s trading, we’ve already seen an intraday high of $1.18, which is just $0.10 below our $1.28 average entry-price. GU is currently showing some resilience trading up 10% for the day at the $1.11 level – where we are reiterating the company as a strong buy. If you have not done so already, now is a good time to establish your initial GU position. For those who already own Gushan Environmental from last week’s recommendation – our current signal is to maintain open GU positions. There is no protective sell-stop in place on this trade. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. Information is obtained from sources believed to be reliable, but the information cannot be guaranteed as to its accuracy or completeness. The author is not, and does not purport to be, a registered investment adviser and does not accept compensation from publicly traded companies in return for his commentary. The objective of this newsletter is to present Situational Analysis and to provide progressive implementation of the author’s proprietary Situational Strategy Templates. No statement or expression of opinion, or any other matter herein, directly or indirectly, shall be construed as an offer to sell or the solicitation of an offer to buy the securities mentioned. Readers should not view this publication as offering personalized investment advice, and must individually determine the suitability of investments discussed for inclusion in their own portfolio. Past performance does not guarantee future results. Reprints or redistribution of this copyrighted material is allowed only by written permission from Nat-Con Publishing. To opt-out from receiving future publications, please click here. |
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