This Is Not Investment Advice
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The Market Right Now - Electrical Power/Equipment
First let’s discuss the integer value of stock prices . . . . “low priced stocks” versus the more “established” and “prestigious” stocks discussed at cocktail parties. It’s not a competition. I’m long LEU. I won’t hesitate to add more if I choose to even though it is a triple digit price/share currently.
Over the course of my lifetime I have not pursued lower priced stocks deliberately. However - right here and right now I will continue to attempt to keep as much of an open mind as possible. Things are moving rapidly. The ‘Melt Up’ doesn’t care about your feelings and it needs resources. Someone has to provide those resources ultimately. What I am seeing is an abundance of opportunities because there are so many different growth vectors feeding the ‘Melt Up’. The companies with answers in some cases (and validated with market action) are smaller in nature and more nimble. Hence - we might bump into $2 stocks just as frequently as we bump into $50 stocks or $100 stocks.
Nasdaq General Market Indicators
Let’s take a look at an intriguing play from the Investor’s Business Daily Industry Group Electrical Power/Equipment:
SES
First some perspective. Note the change in Volume recently on this stretched out Weekly Chart with the two substantial surges higher in recent months:
SES Weekly
Thoughts and observations:
Not a “trade” for me . . . . . calmly building a small position . . . . . seeking stocks showing the best Relative Strength in Industry Groups that are rising and/or performing well and holding up . . . . . . top preference is for stocks with very strong Accumulation/Distribution Ratings and Up/Down Volume well above 1.0 . . . . . . . SES is decent at this precise moment for Acc/Dis but in last year or so 2x massive upside moves on surging Volume so market has shown it already a couple times . . . . hugging 10 Week EMA . . . . . building this for longer term play . . . . . .
Revenue jumped very sharply quarter to quarter last report . . . they are buying back stock (that was surprising to me) . . . . new JV kicking in recurring revenue . . . . continue launching Molecular Universe an AI powered molecule discovery platform for the entire industry to use to advance battery technology . . . . . liquidity takes them through 2028 as it stands now . . . .
Market is a discounting mechanism . . . . most intriguing to me perhaps is that the company sees its biggest opportunity in grid storage . . . . also feeding robotics . . . . drones . . . . . UAV . . . . EV . . . . with their own version of Li technology . . . .
Industry Group simply perfect for the ‘Melt Up’ . . . . EOSE in there as well and many other winning stocks . . . . . willing to quietly and calmly monitor, add, build here . . . .
Extended Weekly Chart above the story and pattern is quite appealing to me . . . . . went public in 2021 . . . . we see the huge increase in Volume . . . . already had 2x explosive upside moves fairly recently . . . . . we need more power/energy/electricity . . . . game time for this one perhaps . . . . only you can decide that for yourself . . . .
Yeah it’s a $2 stock right now . . . . RS 95 not too shabby no matter how you slice it . . . . market respecting 10 Week EMA . . . . .
