Hi Phil 22-- zetaHi Phil - yes, ENG is very tricky right now - as I said previously -- breaks under 2.40 and I will just sell my small position and wait for a better time to jump in -- it is trying to hold today, but no volume yet, so we will have to see - You are right - 50-60 days of waiting with a NR will not be good for the stock -- but I will wait and see if it holds or breaks under the line in the sand.
Be careful in this market -- I like several plays --
--my largest position now is ATI -- I like their chances - even if it is just promotion - it is up a little today, but I think it is set to run, so, have been buying more in the 1.20 to 1.25 - trades under 1.09 -- just sell and move on.range.
GNZ -- I like this one - in a strong uptrend at .44 today -- stop loss at .40 - breaks this -- just sell.
I also trade FO -- at .98 today - my stop would be under .90 - sell
APH -- could be a good one -- at .87 - stoploss at .76- breaks this -- sell
GAP -- at .48 -- interesting mover and one that could be bigtime - cancer research etc. I like it at .48 -- stoploss under .42
PEN -- at .43 -- interesting gas play -- poor promoters, but good company -- sell if it breaks .35 --
So -- those are some of the ones I like now -- keep in mind, I do not play around if a stock starts to drop, so -- if you get interested in any of these -- follow the stoploss - mental is fine, but -- follow it. Good luck with these stocks - don't give up on ENG just yet -- wait for it to breaks under 2.40 and then sit on the sidelines and wait for the buy back in patterns - I say around 1.50, but I have no idea - that is just the next support level - it could easily get support at $2 -- Zeta