Nothing new to report on FNMA and GEVO, both in the portfolio as long term picks. GEVO’s earnings are coming up in a week and I expect we’ll hear guidance on the Alaskan Airlines flight which is the key catalyst in this stocks recovery from near bankruptcy.
The market overall has been trending down, making it difficult for trading, which is why I haven’t moved on KNDI yet. Today U.S. stock futures are up with oil so if that holds I might take my position there above $7 soon, as it held quite nicely Wednesday when the market was trending down.
I’d also like to start watching GLUU for entry. They missed on earnings and are oversold. Pretty much every time Glu Mobile lands in oversold it’s a good buy area for a long term entry. Might even turn into a swing trade if it delivers profit fast enough. They are very hit or miss with quarterly performance but the sector is growing and they have a war chest of cash and no debt to ride out the volatility.
That’s all for today. Happy Cinco de Mayo!