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Justin M. Hall
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In transition, I plan to update my Bio in the near future. -- Justin
  • Fuel System Solutions Up 17.87% on Strong Q2 Results ===> Rx Investors.com 0 comments
    Aug 5, 2010 1:38 PM | about stocks: FSYS, CHK, NGS, BWP, UNG, CLNE, GLNG
    After today's outstanding Q2 report, Fuel System Solutions (NASDAQ:FSYS) ended the session up sharply, +17.87%.



    On June 2, 2010, FSYS was recommended as a buy at Rx Investors in addition to six other natural gas plays.  On that day, shares of the company closed at $28.05.  

    From June 2 to August 5, 2010, FSYS has advanced approximately 22.4%.

    On June 18, sell recommendations were issued for four of the seven June 2 buys in order to lock in quick profits.  The sells included BWP, CHK, NGS and UNG.  Fortunately, all were closed with a modest profit.

    Following the June 18 sells, three positions have remained opened - CLNE, FSYS, and GLNG. 

    However, this week, FSYS hit and surpassed my $32 price target.  When a buy recommendation hits its price target, it's presumed at Rx Investors to be automatically sold, resulting in a closed position.

    Since no sell recommendations have been issued for CLNE and GLNG and that neither has reached their estimated price target, both stocks remain open positions at RXI.

    At 2:22 AM ET this morning, I commented on FSYS and some of the aforementioned natural gas plays here at Seeking Alpha under David White's coverage of (NYSE:CHK) just before FSYS released their Q2 results.

    As of August 5, 2010, a total of 65 buy recommendations have been issued at Rx Investors.  Of the 65 buys, there have been a total of 36 sell recommendations.  That's an average of 3.6 buys and 2 sells recommended per week since RXI was launched in mid-March 2010.

    Results: 

     

    Disclosure: No position.
    Themes: natural gas Stocks: FSYS, CHK, NGS, BWP, UNG, CLNE, GLNG
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