By Tim - http://stockstobuy.orgEnergy Conversion Devices (ENER) stock has been one of the top stocks in 2012. However, does the recent pullback cause me to buy or sell the stock going forward? For a full list of stock gainers in 2012, go to the following websites.
http://blackberrystocks.com/stockgainers2012.html
Energy Conversion Devices (ENER) - Buy or Sell in 2012?
Energy Conversion Devices (ENER) has been on a tear so far in 2012. I feel the company has avoided bankruptcy in the short term so Wall St. is repricing the stock. ENER stock popped from $0.20 all the way up to $1.72 but recently dropped. I have been watch the trading action closely and I know Energy Conversion Devices (ENER) bounced off $0.88 several times which produced a rally. I think it is Ok to buy ENER here keeping a stop loss order at $0.87. With the stock currently trading at $1.00, I would sell it above $1.50 on another rally.
We don't know if Energy Conversion Devices (ENER) will go bankrupt or be delisted later on in 2012. If $0.88 fails, I would look to buy at $0.60.
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