Van Meerten's picks

It came up on my stock screener as a possible. I then look for a reason to confirm my screener. I check the BarChart technical indicators and every single one of them says buy. Then I check the stats - 21 news highs in the last 65 trading sessions and it's only 1.38% off it's high. I look at the story and it's into batteries and other forms of electrical storage. Signed a contract with Toyota who might use them as a major supplier if they begin producing electric cars and car batteries if they don't. Lastly I look at some other sites to see what other non-pros like me think - surprise 101 say it will overperform and only 5 are negative against it. Check news and see very positive press.

When my screener says buy, it's got good current TA indicators, a good story, large positive following and recent positive press; this one would be hard not to jump on.

I really like this one. It's a buy at 17, and I'd bail at 14.50

Comments: View Comments |  Monday June 2, 2008