About a month ago, I recommended purchase of Clean Energy (symbol CLNE) as a way to profit from the drastic reduction in natural gas prices. With natural gas so low and oil so high, the push towards natural gas vehicles was likely to accelerate and the market would get ahead of this as well. Well today the stock broke $17.40 and it is still rising as I write this. That is an increase of over 30% in a month. I strongly suggest that if you invested in the stock, it is time to take profits on another chunk of your position. Indeed, I could not fault anyone who closed the position entirely. Right now we are seeing a meteoric rise in the stock, but it is the type of rise that frequently collapses back on itself. The stock may be back in the $15 to $16 range soon. Of course, the stock could continue to rise, but those of you who do not want to miss a penny on the upside will likely find that greed has gotten you less than smart trading.
Recommendation: Sell half of your position at a minimum. As the saying goes "No one ever lost money taking a profit."
DISCLOSURE: I remain long CLNE, but I did take a fair amount out of the stock earlier today.
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