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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (246)	5/26/2001 10:43:14 PM
From: Jenna	Respond to of 1227

Alternative Energy --> IMCO/FCEL Earnings Plays... BEFORE THE REPORT This will most definitely be volatility for IMCO (reporting June 2nd) and FCEL (reporting May 29). FCEL chart is showing obviously a strong uptrend and it is likely to move up on "Anticipatory Upswing" despite the fact that it might have run up too much. That won't matter. The move up will be based on psychological perceptions of the traders and we can capitalize on it. IMCO is lovely. We've mentioned numerous times how attractive we thought this company was in the last 2 months. this one for weeks already (Long also in Jan-Feb when we introduced this one to our trader) Volume which used to be 30,000 to 60,000 has increased 10 fold and although IMCO's chart looks even more overbought than FCEL, the combination and powerful impetus of the 'fuell cell' epidemic might carry through more upside. AFTER THE REPORT.... It is likely that both FCEL and IMCO sell off depending not such on the earnings report, but profit taking and 'selling the news' no matter what it is. Now is not to time to discuss the importance of this new industry or if this is the new energy...etc. That will be clearer in time. We are looking for the TECHNICAL SET UP and increasing volatility that could lead to FCEL retesting 108. Whether FCEL is a bubble or not is moot now, just follow the arrows to intraday gains if that is where the trend will lead.. and I think it will. There is also a possibility for a long play intraday and perhaps a short at a spike high (only 2 not forays in and out all day) ....depending on market sentiment on Tuesday-Thursday and the carry through of that positive sentiment into these two plays.