UPDATE May 15th: I remain long HEK with an average cost basis of $4.00. I'm holding with a stop below the recent lows of $3.50.
UPDATE June 10th: Sorry, late post- stopped out HEK at $3.50.
disclosure: Long HEK, My average cost basis is $4.00.
Friday, May 4, 2012
Watchlist Addition May 4th: Heckmann (HEK) This stock has been demolished over the past 5 months. But now that the stock has tested the 2010 lows of $3.60 (green line) and the weekly ADX line is showing extreme over sold readings (red circle) now's the time to start accumulating HEK. What's more, the company reported earnings above analyst expectations last night. They also raised their 2012 revenue guidance.
UPDATE May 15th: I remain long HEK with an average cost basis of $4.00. I'm holding with a stop below the recent lows of $3.50.
UPDATE June 10th: Sorry, late post- stopped out HEK at $3.50.
disclosure: Long HEK, My average cost basis is $4.00.
UPDATE May 15th: I remain long HEK with an average cost basis of $4.00. I'm holding with a stop below the recent lows of $3.50.
UPDATE June 10th: Sorry, late post- stopped out HEK at $3.50.
disclosure: Long HEK, My average cost basis is $4.00.
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