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Lightning Striking Again: Eagleford Energy (EFRDF) Rocking

One of my oil and gas followings is rocking again, and I'm getting ready to ring the profit bell.

Eagleford Energy (OTC BB: EFRDF), a stock I have written about numerous times in the past, is red hot right now. I've been holding shares I picked up in the $1 range about 6 weeks ago, and I'll be cashing in sometime in the near future- likely next week.

While you might or might not still own this one, it's important to note the action. I keep saying stocks like EFRDF and BERX (another of my followings)- smaller oil and gas ideas are in the right place at the right time when they get hot.

It's not a good strategy to try to jump once you see them moving. The far better trading strategy is to pick them up when they are quiet and no one wants them, and then sell for a profit when the stocks heat up again.

I'm hearing EFRDF might have begun drilling and could be producing already. The stock is behaving as if someone has expectations that is the case.

I expect to probably take my profits next week depending on how the stock is behaving.

From there, I'll wait for it to get quiet again, trade much lower volume, and trade sideways for a while before accumulating Round 3 on this one and waiting for the next surge.

This is one of the reasons I've been focusing everyone on Bering (BERX). It's a very similar situation. Red hot about three times a year. There could be some more upside in EFRDF before this run is over, so you might pick some up for a short term trade.

However, if you're looking for something a little quieter and easier to buy, take a look at the chart of BERX.

Recent Idea Updates

1. I'm completely out of my position in Envision Solar (EVSI). I didn't behave well this week, and it's probably going either nowhere or down. That stock traded some good volume, but made no upside progress on the price. Clearly, it's very sloppy. Unless something changes dramatically, it's unlikely I'll be covering that one at all in the future.
2. Monday's idea- Allied American Steel (AAST)- it started out reasonably well. In the early going on Monday you could have gotten in around $1.20, and the stock got to about $1.32 that day. Tuesday was tough- it traded down the $1.10, but it came back after Tuesday, and finished that week at a respectable $1.32. I still like it for $1.50 to $2- but set a stop loss for yourself in case it doesn't climb the charts.  

Coming Attractions

The Sunday afternoon scheduling seems to work really well, so look for an update on one of my most interesting ideas this weekend on Sunday afternoon.

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