I returned from the Hard Asset Conference in San Francisco in November with a ringing endorsement of Altius cribbed from a panel discussion that featured five conference speakers. The stock has taken off in the last two weeks, but not sufficiently to generate a bullish impulse leg on the weekly chart. The daily, however, is more encouraging (see inset), and even offers a very subtle look-to-the-left peak that we might use to get long. It lies at 11.64, and leveraging it later may be less risky than trying to get aboard now, given the stock’s manic surge from around $10 a share. ______ UPDATE (January 22 at 12:57 a.m. EST): The stock has gone ballistic (see inset), with a moon-shot high so far at 12.920. If you caught a ride — there was an entry trigger at 11.40 on the daily chart just before the stock took off — please let me know in the chat room and I’ll provide tracking guidance if more two or more fills are reported. ________ UPDATE (March 4): The stock has taken a brutal hit, falling from $13 to $10+ in the last two weeks (see inset). We’ll wait for a conventional buy signal to get aboard, so stay tuned via the chat room and ‘E-mail Notifications” (available on your My Account page). ______ UPDATE (April 8): We’ll back away from this stock, since its ultraviolent swings can be traded only by paying obsessive attention to the very lesser charts.
