To OTC Journal Members: 
 

How Good A Trader Are You? Some Practical Advice- Look at JUHL

Were you good enough to catch the move? I doubt it, but I'm going to tell you how to do it in the future.

I'm talking about the 30% move in Juhl Wind (OTC BB: JUHL) yesterday when the stock clipped up to $1.73 while no one was watching. In keeping with my Energy/Alternative energy themes these days, JUHL was the idea I published just a couple of weeks ago on March 16th. 

JUHL surprised the markets on Friday when it delivered its 2010 audited numbers. Their revenues were up 46.3% to $5.4 million for the year. They lost money, but what do you expect in a $1.30 stock?

A few investors rushed in, and being a fairly thinly traded stock, it shot up to $1.73 in a matter of minutes. I've featured this company twice- March 16th and March 22nd. On March 16th the stock traded between $1.15 and $1.25. On the 22nd the range was $1.10 to $1.29.

Let's say you sold the stock at $1.70 yesterday. If you had bought at the bottom of the range on those days, you would have notched 54.5% on your money. At the top of the range? Glad you asked. 32% on your money. In 2 weeks!!!!

JUHL closed at $1.45 yesterday, so no matter where you owned it, you're making money if you haven't sold. It only took two weeks. But, are you a good enough trader to have captured that move?- after all- it only lasted about 5 minutes and was right at the open.

Here's a little practical advice. Use a GTC Limit Order. That's a Good-Till-Cancelled Limit Order. Your brokerage firm would have executed your trade even if you weren't watching. Here's what you do- after you have taken a position in one of these stocks, decide on a price you'd like to see it get to where you would be happy to sell in the short term. 

Then, file a GTC Limit order to sell your shares at that price. That way, if you get a lucky surge, and you're not watching at that moment, you're out with your profit. It's happened to me many times.

If you decide to go ahead and sell the shares at a different price, you just have to cancel the order and then file a new one. Just a couple of mouse clicks. JUHL looks like it is starting to catch a tailwind, so this one might turn out really profitable.
 

Tomorrow- Mid Day

Do you know what little known resource stock has come out of nowhere and traded nearly 1 million shares a day in the $.90 to $1.10 range each of the past two Mondays? I know. I was thinking of writing an edition on it and sending it out before the open on Monday morning.

I don't think I'll do that. Just to give everyone an equal chance to read it before the market opens Monday morning, I believe I'll write it tomorrow morning, and send it out about mid day- yes- on Sunday.

I think it's best to send these out either after the market closes or over the weekend so as many people as possible have a chance to read before the next opening. 

This is another resource company helping move America towards energy independence, and it's trading monster volume in a pretty tight range. It's likely due to break out. Check your inbox tomorrow.

One word of caution to help you be a better trader- if the stock gaps open on Monday morning, have some patience and let the stock come back down before opening a position.
 

Recap: Bering Exploration (OTC BB: BERX)

BERX- my "Thrill of the Drill" idea had a pretty good day on Friday. If you participated, you should be well positioned to make money as the stock closed at $1.28- within 2 cents of a new all time high. 

The next two weeks are going to be very exciting for this one, so stand by.

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