We have a new friend in the family you’ll want to check out this morning. Yesterday just before the close I added 5k LSCG at $4.01 after sitting on the bid all afternoon. I think this could be in the $5 range in the short term. Lighting Science designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products.
Averaged up on my LOCM bet yesterday as you know. I now have 10k shares at $3.68. This is a strategy I’ve used before on LOCM and it helped me lock up a $6k plus gain the first time around. I figure it’s like poker, place a bet early to see the flop, if you get your hand of course you’re going to add more money along the way. Well the cards LOCM dealt me were good in my opinion. Not only did the CEO buy 1/4 of a million dollars worth of stock but they also received a buy rating of $5 yesterday which caused the morning pump.
GSTPE different day same story, still on the bid at $.21 waiting to fill the remainder of my order. I have 15,616 shares and I’m looking to make that an even 25k. I will buy this one in my challenge account too as soon as my shares are filled in the main account.
I alerted TBBC yesterday at $1.22 after grabbing 10k shares. As I learned more about the situation here I decided to add to that position in the afternoon and now have 20k at $1.215. I’ll probably shoot for 10% on this and adjust as I go. I’m about 50/50 on calling big promotions and it’s harder than it looks. Most end up like AVVC and ESYL so be careful because if it dumps it’s every man for themselves. See my ESYL blog post if you’re new… it wasn’t pretty. I’ve got more confidence in this one but I figured I’d better issue the warning anyway.
Finally, my fifth position is ANIK as you know. I’m still digging my way out from the earnings bet I made and it’s a good example of why you should be very careful heading into earnings. Shares closed at $7.69 and I’m averaged with about 4k shares at $8.08 and hoping to see some good news to push it through the previous gap down. Despite being down about 5% here my goal is still 10% above $8.08 or around $8.90 but I’d certainly be happy just breaking even here.