Tuesday, August 4, 2009

RCON - Recon Technology: Moving up near all time highs on strong volume

Don't blink because this thing could be at $8-$9-$10 in a blink with its microfloat... the flip side of that is it could be back at $6 in a blink too. I am playing the long side and can certainly see this thing become a momentum favorite as it has some real fundamentals and is in an interesting sector - China, energy, tech, low PE, low float. That could seem sort of sexy to traders...

Also, my previous pick DGW up 7% today and about 50% since my rec a few weeks back. Precious metals up, UST bonds down, let's get on a roll folks.

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