EEE-Evergreen Energy Inc.

This is a stock you are going to want to look at for the long term. The industry doesn't suffer much from economic downturns, they are on Obama's Christmas card list and the chart is really nice.

There's a double bottom with a capitulation event, volume looks prefect on a rounding bottom o the second bottom. This is a longer term position and I brought it up weeks ago on Trade Guild, some people made some decent money wit it, but take a look and consider it. Email me with questions.

Just thought I'd mention it, SSN is looking real good as well-again a long-term position.

Sentiment

We are in earnings season and sentiment seems to be shifting. Of all the ideas that I combined into one list yesterday, every single short is working today while not much else is, unless you caught my comments on PEIX and used your own stop and not mine. I had the accumulation right, the stop wrong by about $.16 cents. PEIX recovered well over 30% today.

All the shorts listed are still within good positioning. they are not likely to be as explosive, but they may very well be good entries to a fruitful trend, in which case, I hope you have TeleChart or Stockfinder-Buttons for them are at the top of the page and I can share my trend channel with you which will catch the majority of the trend instead of guessing how low is low enough. this is a proven indicator, not an arbitrary opinion.

Despite the pullback in al of the longs from last night (don't forget it's a Friday and this happened last Friday as well)-all the positions still look good, no technical damage has been done with the exception of the reversal play DGLY-unless it makes a recovery before the day's end.

So for now, hang in there, take a look at the shorts. As I've been saying for a week, lower your risk, honor your stops (which don't have to be the same as mine-those are suggestions only), and be patient. Now is not the time to swing for the fences, that time will come, but not yet. capital preservation is what's important right now and patience-patience is the one edge you have over Wall Street, you don't have to be invested, cash is a position too.

Trades for the 15th

Just scroll down to 1/14/10 and you'll see about 10 ideas. Be sure to read the notes, follow risk management and evaluate the stops, make sure they are right for you. Any questions please email me. SSN that I listed below also looks good. Don't forget, to click "Current List"