This morning I alerted the congregation to shares of Biopack Environmental Solutions (BPAC) after seeing it close at a new 52-week high of 60 cents yesterday.

In my morning note, I mentioned that, "The possible ‘continuation gap’ that we witnessed yesterday is generally considered to mark only the "half-way point" in
a major move. This suggests, if we stay above the current support level
at 58 cents, that we have a good chance to test the .75 level from
October of 2008, which could mean potential ADDITIONAL GAINS for the stock of nearly 30%!"

Well…I am pleased to report to my members that since my big announcement this morning, BPAC has continued its winning ways by tacking on an additional 13% gain (at today’s peak of .68) from yesterday’s close-nearly half of the potential additional gains that I think this stock can deliver in the intermediate-term —in just ONE DAY!

And while I certainly hope the stock reaches my ultimate target soon, think it is completely reasonable to see the stock do some "backing and filling" before reaching my ultimate 75 cents target.

The important thing to remember here is that stocks that make 52 week highs have a tendency to continue to make new 52 week highs! (This has been carefully research by William O’Neil and his staff at the highly respected Investor’s Business Daily.)

The
way I play these kind of stocks that hit new highs almost everyday is
to "ladder up" my stop-losses.  We all know that there will be a
pullback point somewhere, but who really knows where that will be?
 People yesterday thought it was obviously .60 and that is why they
sold — what a bad idea in hindsight since they missed another 10% by
just holding on another day.

What
I do in these situations is to keep gradually moving up my stop-limit
price.  Sure I’ll get hit eventually and sell some of my position, but
it will be at better price than if I just arbitrarily guess where the
top will be.

The way I see it, the EXPLOSIVE UPSIDE VOLUME over the last several trading sessions along with the STRONG AND GRADUAL trend higher may confirm the overall sustainability of this bullish move higher.

So congratulations to all my members who have already made substantial profits from BPAC.

Make sure to keep this one on your radar but be sure you are "cashed-up" and ready for potential gains from The Preacher’s next BIG ALERT coming soon.

Check your email regularly for more information!