April 18, 2006
Alternative Energy -Sweet!
They do look good in today's ugly market. Active and Ballard are the risky equivalents of buying biotechs in research.
ACPW, BLDP, PBW, ENER, ADM (ethanol), PEIX (ethanol)
Disclosure - long acpw, bldp, ener."
I did not expect to be booking half the profits so fast but each are up 20 plus percent.
Speculation, as I was doing, is lucky when it works out so I have to ring up some profits. With Oil at $70 plus and the the terror premium here to stay - the media will never report the real facts - alternative energy people (including some big scammers) will have their speculative day in the sun.
These speculations can stop as fast as they start which is why I take profits. My heart is not in these alternative energy stocks because they have little revenue and large losses.
Ethanol is another story altogether and has some real businesses involved.