Clear-Lite Holdings just turned the lights on
Normally on Financial Tides we do not follow highly speculative or IPO issues but I'm going to make an exception for Clear-Lite Holdings -- CLHR. According to their press releases: Clear-Lite Holdings, Inc. (CLHR) operates as an innovator of eco-friendly CFLs, lamps, and commercial lighting products. CLHR manufactures and distributes energy saving lighting products for the retail and industrial/commercial markets in the United States and Canada. The company's CFL products are Energy Star qualified and designed to meet RoHS standards (Reduction of Hazardous Substances), as well as UL approved in the United States and Canada. In addition, ClearLite offers ArmorLite SAFETY ECO CFL, a patent pending technology, helps to capture broken glass and mercury. It has strategic partnerships with major global manufacturers and has a network of sales and logistics channels with offices in Florida, Illinois, and California, as well as in Canada. The company was founded in 2005 and is headquartered in Boca Raton, Florida.
The company is highly speculative but seems to have a great publicist with new articles in Huffington Post and Popular Science. They have also began to market and sell product on Amazon.com. Don't look for any financials because this is a new highly speculative issue.
The stock came up when I was screening on BarChart for companies hitting the most new highs and trading at least 100K shares per day. CLRH is trading over 750K - a million shares a day. It has hit new highs 19 out of 20 of the last trading sessions and is currently 5 for 5. There has been a 191.55% price appreciation in the last 65 days.
If you're looking for a highly speculative new issue with marketing buzz and good technical charts look here. BarChart begins their TA rating after there is 6 months trading activity so it will be followed soon.
Recommendation: For highly aggressive and speculative accounts only buy Clear-Lite Holding -- CLRH around 2.07 with a protective stop loss no lower than 1.75 and adjust that stop loss at least weekly.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: at the time of publication I hold no positions in Clear-Lite Holding -- CLRH