Tuesday, June 4, 2013

New Watchlist - LPTH New Pick !!! PXLW up 25% after alert !!!

That was a great timing when it comes to PXLW alert on 05/31 when the stock was at $3. There was an SA article , with price target of tripe, close to $10 from here (keep in mind that the guy who wrote this article also wrote about HIMX and moved it big time from low 4s to high 7s!!!) + news about company to demonstrate its technology for the highest quality video on Windows 8™ Tablets and Ultrabooks based on Intel’s 4th generation Core™ processors at COMPUTEX TAIPEI. The stock soared 25% and closed at $3.75 today. The stock is going to have great time from here on...Congrats if you bought it along with me otherwise any pull back is a Strong Buy ! Clik here to read Seeking Alpha article about PXLW 

Our new stock for today is LPTH (LightPath Technologies Inc) LightPath Technologies, Inc. engages in the design, development, manufacture, and distribution of optical components and assemblies in the United States and internationally. The company provides precision molded glass aspheric optics, isolators, proprietary high performance fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.

Why Buy? LPTH popped on my screen among the list of stocks that are making 52 week highs...I get a ton everyday but I pick only couple that meet my criteria. LPTH has everything that I look for. I decided to take long position after reading its recent earnings release and reading CEO's bullish comments of their future. Then I realized that Zacks upgraded it on 05/31 from Buy to Strong Buy, which was catalyst for today's move. I think the stock will go parabolic before correcting. This will be a hot stock for traders who moved stocks like RVLT, CIMT and others recently. LPTH has a low float of 10 million shares so the price movements will be crazy !.

Here are its 3rd Quarter numbers - http://finance.yahoo.com/news/lightpath-technologies-announces-profitable-third-200000202.html

Here is Zacks Upgrade - http://www.zacks.com/stock/news/100609/strong-buy-on-lightpath-technologies

Here is the thing...When stocks move on heavy volume and price appreciation it catches the attention of active traders and analysts who come up with their analysis and blog on Seeking Alpha and other sites...If there is a positive write up about LPTH in the next couple days I think we will be seeing it at $3.50 otherwise it has potential to hit $2 in short term..pull back...consolidate and make news highs in 2013.

Daily chart looks overbought but in a bull market stocks remain overbought for little while before market corrects them...any pull back to $1.20 is a gift !!!

I am long LPTH and PXLW.

A general Caution and Advise - As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

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Who is Mr.Incredible?

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New Jersey, United States
Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!