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Saturday, November 25, 2006

New Buy Signal - Fuel Cell Energy Inc. (FCEL)

Doing a little post-Thanksgiving stock hunting and I came across this one at Bernie Schaeffer's site. It's getting some high call option activity and the TradeRadar buy signal looks pretty good (just beginning to signal a buy on 11/20/06 at $7.05). This trade is playing out right now; this is not a back-test. Buying it anytime within the last week or when the market opens Monday would be the agressive approach. Waiting a bit to see how things look over the next few days or so might be more prudent. Note that the red signal line is just barely below the green trigger point. Seeing that signal go a little lower would provide more confidence. Let's keep an eye on this one.

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