LMCO Could Hand YOU Triple Digit Gains Again!

The last time I shared Li-ion Motors Corporation (LMCO) with you it roared to a single-day gain of 63%. The stock then continued to trade strong over the following 7 to 8 trading days -- to post a whopping total gain of almost 160%.

From a high of $2.25, LMCO has now fallen back to around $1.40 … a 37% drop – which could give us a great entry point to ride it back up again!

LMCO's chart is why I think more BIG GAINS are possible!

• LMCO has given back over 35% of its previous gains

• The selling has been very restrained (no dumping, no capitulation selling)

• The MACD is still bullish, but its momentum has decreased. Watch for the MACD to strengthen when more buying pressure comes back into the stock

• The stochastics look like they're setting up for a big bounce - they're entering oversold territory and could give some boost to any reversal in trend.

LMCO, if you don't recall, is a leading manufacturer and marketer of all-Electric Vehicles (EVs). Their product line includes automobiles, motorcycles, scooters and even bicycles — all of which are already on the road! You can view LMCO's entire product line

http://www.li-ionmotors.com/products/

Future purchasers include government agencies — the U.S. Military, NASA and the EPA — and of course, private individuals.

LMCO also converts existing internal-combustion vehicles into zero-emission, lithium-powered vehicles in Europe, Asia and the Middle East.

But this is the news that could turn LMCO's shares into a lightning bolt...

LMCO is now a leading contender for the $10 Million X-Prize

LIMCO's top of the line car, Inizio, can reach speeds of up 170 MPH, accelerate from 0 to 60 in just a few seconds and travel up to 200 miles on a single charge. It requires virtually no maintenance and has fewer than 10% of the parts found in a traditional gas-powered car.

And this September, the $10 Million Progressive Automobile X-Prize will be given to the team that can build a clean, production-capable vehicle that exceed 100 MPG energy equivalent (MPGe).

The competition started with 111 registered teams and after four rounds, it's now down to only 22 teams – including LMCO!

As the competition approaches the finish line the publicity that LMCO is expected to generate could lift its shares to record highs. And if it wins the competition … the contracts and orders that could then follow – could lift shares even higher!

LMCO shareholders are already winners!

LMCO has announced it will pay a 20% stock dividend to shareholders of record as of May 28 th! Read more about it HERE and HERE.

And remember...

President Obama has unveiled a program of incentives and tax credits to people and companies that buy products and services employing alternative energy sources ... plus, he has called for 1 MILLION EV's on American roads by 2015.

And that could be the perfect recipe for the stock to rise by leaps and bounds – very soon!

I know there are no guarantees with stocks, but I feel confident that the pullback in LMCO's shares could be a great profit opportunity for aggressive traders.

LMCO has shown none of the capitulation selling that characterizes many low-priced stocks. It has traded strong with minimal selling, but now it appears to be forming a base at current levels.

Today could be a perfect time to jump back in!