Wednesday, February 25, 2015

Ballard Power likely launched into wave 3. [BLDP]

Here is the backlink to the existing model.  The model is reproduced below.



Here is the current snapshot and model. 


This has doubled in the past 12 trading days and is now working on 4 of 1 of 3.  This is going to skyrocket soon.  If you are looking for things to go long on as opposed to shorting, consider this for a few k bux.  You saw what it did last time I called the bottom. Well folks, the retracement from that last peak has now gone a-b-c and so I think we have the inclining double bottom in place with deep vee 2nd wave.

What I think might be generating the rapid interest is the generation of electricity using nat gas and fuel cells.  GE is now in the market, will they buy Ballard in order to acquire all their many years of experience and especially all their patents??  Is this why I am also sensing that nat gas plays like Corelab have bottomed?  the US has a huge nat gas supply but we are just sitting on it doing nothing with it. I often tell my friends that those running the US show were smart to just ignore it. Wait until the rest of world begins to run dry on oil before tapping into OUR energy sources.  If I thought of it so did they...

But of course, none of this matters does it?  All you need to know is already in the chart.  Pick a good entry point supported by EW and then use stops.  I see this at $10 in 2016.  Wave 3 should be stronger than wave 1.

I wish I had been checking this more often but to be honest, this is when the safe money begins to step in because we have a-b-c and then a move back up into the region of A.  That means it cannot be a motive wave in the making, must be corrective.  Thus, wave 2 up and not a mania collapse.

This is another cheap stock that will not bk any time soon which can be bought like a nonexpiring call option.  Ballard used to trade at $145.  In the coming bounce it is going to get a nice chunk of that back.  Remember when sunpower SPWR was in the dirt and I called a bottom on it at deep sub $5?  Well, this is likely SPWR 2.0 folks.  Don't throw the bank at it but 2k, 5k?  Yeah, that makes sense especially if you are using the right stops.  This is better than options or even leveraged ETF based on options because you don't have to worry about the time value.

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