UPDATE: I’m no longer in RGSE stock nor do I think it’s a good investment. See why here.
Real Goods Solar stock began lifting off a sideways consolidation bottom on Friday, August 24, 2018. At open on Monday, August 27, 2018, the bullish activity continued.
The average daily volume is 2.4 million shares. Within the first 30 minutes of trade on Monday, August 27, 2018, 1.52 million shares had already traded.
The reason I’m stalking this RGSE stock is because of the UL certification for their PowerHouse system that should come by the end of October 2018.
I’ve tracked RGSE stock since I published this article back on July 8, 2018, entitled Is This Our Millionaire Penny Stock? I posted a follow-up article on August 14, 2018, entitled Real Goods Solar Stock and the Coming UL Certification.
September 2018 was when UL certification was coming. The company announced that UL certification would not come until October 2018 because the UL testing facility closed down.
Surprisingly, the number of written reservation orders rose to $96 million as of August 14, 2018. Keep in mind that $96 million is a huge number or Real Goods Solar. In 2017, Real Goods Solar did $15.2 million in sales. The company has a market cap of just $14 million.
The rising Twiggs Money Flow suggests the stock is being accumulated since it fell to $0.30; however, the Twiggs Money Flow is still negative which suggests it could chop out sideways longer.
The other new bit of information is that over the last month, insiders are buying RGSE stock.
Fine Alan, CFO bought 7,800 shares @ $0.33 on August 20, 2018.
LACEY DENNIS J, CEO bought 60,000 shares @ $0.34 on August 17, 2018.
I’ve been burned trying to time the UL certification in RGSE stock. A lot of people hate this stock and accuse the company of running a stock dilution scheme over StockTwits. It has been so hard for me to try to time a buy entry before UL certification because I feel that waiting for the announcement will cause me to miss a large percentage of an explosive move higher.
I bought RGSE stock at $0.42. I’ve been beat up bad in this stock. This stock has embarrassed me in front of subscribers and caused some to quit my Premium service. In some way I too hate this stock but all my pain from losing money in this stock will have been in vain if I don’t keep trying for a long entry. I would be crushed to see the stock soar to $2 and I wasn’t on-board. So that’s really my disclosure statement. I suck at trading RGSE stock and you may not want to follow me on this possibly foolish and definitely reckless trade IMO.