October 15, 2010
Once again we return to GuruInsider strategy.
When in one of our previous articles we discussed its top recent trades we analyzed its buy trading signals for EGHT and IVD, both signals were generated at beginning of September. But they are not the only ones. At the same time GuruInsider strategy recommended to open a long position for OESX. This ticker stands for the stocks issued by Orion Energy Systems, Inc. (Public, AMEX:OESX).
Orion Energy Systems, Inc. is engaged in designing, producing and marketing of products related to the sphere of energy production. Apart from that this company supplies its clients with the related services, such as installation, design, project management, and much more. First of all Orion Energy Systems is focused on the production of energy-conserving lighting systems. The company mainly operates at the territory of North America.
The position for OESX was opened on 09/01/10 in an uptrend. At this time the buy price was 2.46 dollars. After 10 days the trade was closed on a small setback when the stock price was 2.91 dollars. As a result, though the risk was quite high, our subscribers managed to earn 18.29 percent over their initial funds.