HLXW - Continues Its Rally Right Into The Weekend

For anyone that is a subscriber of mine, has signed up for the free emails, follows me on twitter or simply reads my blog on a daily basis, you know how much I've liked HLXW for a nice counter trend rally. When I brought HLXW to my paid subscribers at $.0005/$.0006 the trend was simply down and the price of $.0005 still stands as HLXW's all-time low. When I sent this stock to my free email subscribers it still rested at a reasonable $.0007. In that email I noted specifically:

One thing to note, if the company decides to raise their authorized shares and further dilute than any type of share price recovery is off the table. But if that doesn't happen I feel very confident about a nice move higher for HLXW. We could easily see a run to $.002 - $.003 with some decent buying pressure, which would be a roughly a 300% or better return on investment.

Today HLXW hit $.0016 a share well over 100% from my alert and closed at $.0015. The reasons I felt confident about this stock running have, in my opinion, proven to be the key factors in this stocks move. First off with oil reaching highs not seen since $160 oil, the alternative energy plays are coming back into focus. Some might recall how big solar stocks were just prior to the credit crisis. When oil plummeted to $30 a barrel those solar stocks took a beating as well and were placed on the back burner. With oil back in focus solar stocks are going to become the rage again. If oil continues its ascent I think HLXW could continue to rally and my short term $.002 - $.003 target should come rather quickly. The only drawback I see for this stock is a raise in the authorized shares. Dilution brought HLXW to $.0005 and as I have noted numerous times, with the share structure maxed out this stock will and has rallied.

Look through my previous posts on HLXW and certainly check out my post on HLXW from a few weeks back. I have been spot on about this stock. I hope many of you have profited thus far, and have already positioned yourself regardless of which way this stock trades going forward.

What do I see going forward? I think the stock sees a gap higher on Monday morning. I would not be shocked if the stock opened a few ticks higher, $.0017-$.0018. Ultimately I see this stock hitting $.002 - $.003 early in the week and from there we'll have to see where we stand. Obviously a change in the share structure would change my opinion on the stock as would a lack of buying interest. Today's $363,000 in buying volume bodes well for next week.

I think those of you who bought today, as well as those of you already sitting on 100%+ profits, should be smiling next week.