On July 20th, I had written: "BGR Energy will need to correct a bit after the steep run from beginning of June 2010, starting from below 600. Wait for it to correct a bit further and form a base/launch-pad around 720 and resume its journey again. It has a major resistance at 767, so buy as far as you can from the resistance..next target after crossing 767 will be 840..time frame October 2010."
TARGET ACHIEVED: Just as I had predicted, on July 26 and July 27, the script corrected and my entry price of 720 was hit. The target of 840 was achieved on Sep 7th in just 1.5 months. Today the script touched 871 and those who sold today at 870 made a handsome 21% profit. Those who did not sell entire holdings can hold around 25% of the script for a further move to 870. After that, the script looks a bit over-valued to me.
Enjoy making money with powerfulpicks recommendations.
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