Telkonet (TKO) Trading Skinny
I've been in and out of this company Telkonet for almost a year and half now. They produce and market in building BPL technology (the ability to make a building's electrical lines disperse a broadband signal). Recently, I bought at $3.20 and then again at $3.45 and $4.10. The company is awaiting FIPS certification for two of their proprietary technology products and has been rising in anticipation. The certification should give way to contracts with EDS and the government, with whom TKO has pre-established relationships. The current price of $5.19 will likely be much lower than the post-FIPS price (I expect new 52-week highs). If the process is slowed (more than a week or two) there will likely be a slight pull back to the mid to high $4's at which point I will likely add to my position. For now the technical indicators remain strong. I'm up over 50% and my initial target was 100%. I'm beginning to think I may have underestimated this. In the next week I plan on tacking a 15-20% trailing stop on the trade as a little insurance. My price target for this summer is in the $7 range.
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=tko&time=&freq=
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