Quantum Fuel Systems (QTWW)

Company. "QUANTUM is the world class resource of advanced fuel storage, fuel metering, electronic control systems, and system integration for manufacturers of fuel cell engines and internal combustion engines." (company website)

Buy. In hindsight, I bought QTWW two weeks too soon. But at the time it seemed reasonable: QTWW had peaked at $7.65, pulled back, and then regained the high.

Unfortunately, the market was overtaken by the end-of-September blues right after I bought, and QTWW opened one morning back below $6. That proved a momentary lapse, for the price continued to rise and closed the day back up close to $7. From there, the progress through the $9 level was swift.

Sell. After reaching nearly $10 yesterday, QTWW opened today higher, but then began to drift downward steadily. I decided to draw the line at $9, a gain of $2 per share.

It will not surprise me to see QTWW continue to rise. I suspect today was part of the general rest the market took after the Nasdaq and NYSE both reached new highs yesterday. It is also the anniversary of the market bottom one year ago. But, profit in the bank beats potential profit.