Caution - Gas Stocks on Fire!

Sold For Gain
CPSL - $734
MPET - $119
Total Gain for Today - $853

So today was my first day back to work in a week which means my trading time is limited to a my mid day off time after the market has chosen it's early morning risers. Just as expected energy stocks were on fire as well as anything having to do with Clean energy such as Bio-mass fuels or synthetic liquid hydrocarbons. I set myself up yesterday for some good gains and will be holding those positions through tomorrow as I believe some of these plays are just taking off while others may have a few more days left.

Though I had to work today, I was able to also work my way up to second place as DELTA on the Lion's Portfolio list for top gains in the last 30 days. Check it out!

While I said I was going to hang on to CPSL till $10 I came across an article that made me rethink this strategy when it discussed the possible dilution of the stock through selling more shares for capital investments in a new annealing line for producing high quality stainless steel and a new 1700mm cold roll mill at its facilities in Shanghai. So I sold and took a profit of $719 to get myself set up for what I expect to be another run in the energy sector.

Yesterday I took positions in FPP, ROYL, SYNM and MPET. MPET was moving to slow for me as I want my capital to be moving at all times when possible so I sold MPET today for a small gain of $119 and increased my positions in SYNM buying on the dips today around $2.50 twice. Though SYNM has had a remarkable run, I still believe this has some more energy in it to propel it to $3.00. Not only did SYNM regain the Nasdaq Compliance but Dynamic Fuels LLC were just giving preliminary approval for Bonds to fund the building of the company's first renewable synthetic fuels facility in Geismar, Louisiana. Dynamic is a 50:50 venture between Syntroleum Corporation (Nasdaq: SYNM) and Tyson Foods, Inc. (NYSE: TSN) to convert low grade, inedible fats and greases into renewable synthetic diesel, jet and military fuel. Syntroleum Corporation owns the Syntroleum(r) Process for converting synthesis gas derived from biomass, coal, natural gas and other carbon-based feedstocks, and the Bio-Synfining technology for converting animal fat and vegetable oil feedstocks into synthetic liquid hydrocarbons. The Company plans to use its technology to develop and participate in synthetic and renewable fuel projects utilizing the Company's technology in a number of global locations.

As you can see by the chart SYNM has been unstoppable since mid April and had tremendous buying power today. This should hit $3.00 with no problem so I went all in with what I had left in one of my three accounts.

The second holding is FPP which just was went ballistic today and looks like to will continue it's fun ride. Like PDO which closed at $22.85 up another crazy 24.86% (Did I really sell this at $18.50? Lesson learned!) and MXC which just went nuclear closing at $42.53 up a whopping 52.44%!!!!! If you ever wanted to just weep at a chart knowing you didn't buy, just look at this baby! All I can say is WOW!!!!!!!!!!!!!!!!!!

No...your eyes are not deceiving you...that is just about the craziest lift off I have ever seen...and I didn't buy...oh well, lot's of lessons learned in this trading game, you just have to move on and find the next play. Which is why I'm in FPP. I could have sold for a $1275 gain but decided that the momo on this one was just too strong so we're going into tomorrow loaded in the energy sector.

As you can see the volume and buying power were just unreal and I would have been a fool to sell today. So we're holding here and also in ROYL.

Another solid day with what I believe is more to come. I read today where a trader called IR and was told there will be some upcoming news about a possible Natural Gas play they may have in there Utah holdings. Might have to hold to see where this one goes as it was up 20.47% to close at $5.59 with on huge volume. SHould have added at the $3.50 dip as it was up AH.

CPST continues it's slow steady climb to $3.95 so I still cannot sell and will hold here and possibly add more as I am a solid believer in their incredible technology that even NASA is exploring.

New additions to the portfolio were AOG and XNL. Pure spec plays with energy being hotter then even the sun and Solar stocks. AOG or Aurora Oil & Gas Corporation is an independent energy company focused on the exploration and development of unconventional natural gas reserves. The Company’s projects target unconventional shale plays where large acreage blocks can be evaluated with a series of low-cost test wells.

AOG was up 52.65% at .69 and XNL was up 19.5% at .75 in sympathy with PEIX but reached as high as .99. So tomorrow should be an interesting day with lots of profits to be made. Stay tuned to see how much gas these energy pays have!