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This thread is for Morgan and the rest of the youthful PHS group who have been clawing their way through the stock market. Out of the mouths of babes.....
Ok kids..let's see what you got!
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I am HUGE! Bring me your finest meats and cheeses.
I told some of the guys in the contest about this thread so hopefull we'll get some posts. One of them has an alternative energy, specifically ethanol blog, gog2g.com.
I'm at very last place on the rankings with my short of peix, but I'm still optimistic. Not sure what to think. After it seemed to stop at resistence yesterday I would have expected a big down day today but so far its been flatlining.
Any thoughts?
I told some of the guys in the contest about this thread so hopefull we'll get some posts. One of them has an alternative energy, specifically ethanol blog, gog2g.com.
I'm at very last place on the rankings with my short of peix, but I'm still optimistic. Not sure what to think. After it seemed to stop at resistence yesterday I would have expected a big down day today but so far its been flatlining.
Any thoughts?
I'll give you a hint. With so much production coming on line, the price of ethanol has gone into the toilet. It is now trading at only 25 cpg more than gasoline. It's very easy to permit for an build a plant and there is going to be lots of imports coming into the country by early next year.
It's not likely that the price of ethanol will ever recover..it will probably end up trading at a discount to gasoline. Couple that with the fact that gasoline prices have dropped so dramatically and the bloom may be off the rose for ethanol stocks.
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I am HUGE! Bring me your finest meats and cheeses.
..short peix...Not sure what to think. After it seemed to stop at resistence yesterday I would have expected a big down day today but so far its been flatlining. Any thoughts?
That's a good point.
I read on gog2g.com that the US Ethanol production mandated by Bush for 2008 maybe already fulfilled, talk about a bearish indication for ethanol producers coming on line.
Unfortunately the contest only lasts until november 1st, so that may not have a huge effect.
covered peix today @ 15.17, that was close.
Shorted MNCS @ 3.25, closed at 3.05.
Have no idea where this stock will go but seems more likely than not it will be down.
My name is Konrad and I'm a Junior at PHS. I'm also participating in the "stock portfolio challenge" as I'm currently in second place. Majority of my position is in PEIX (the stock which Morgan unsuccessfully tried to short). I got in @ $13.80 right after they announced the completion of their first plant, which is very optimistic news. I also have a small position in AKAM. I run an alternative energy blog, http://www.GoG2G.com, which focuses on socially responsible stocks and the future of alternative fuels.
My name is Konrad and I'm a Junior at PHS. I'm also participating in the "stock portfolio challenge" as I'm currently in second place. Majority of my position is in PEIX (the stock which Morgan unsuccessfully tried to short). I got in @ $13.80 right after they announced the completion of their first plant, which is very optimistic news. I also have a small position in AKAM. I run an alternative energy blog, http://www.GoG2G.com, which focuses on socially responsible stocks and the future of alternative fuels.
Great to see you guys(gals) interested in the markets.
Nice little Blog you have there...But be careful on Alternative Energy...Someday it will be big although I doubt that it will be in my life time...The oil barons are too smart for that to happen any time soon...I believe that oil is down to squelch alternative sources right now...Unfortunately, alternative sources are cost prohibitive(sp???) now....Best, Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Konrad,
I bought a new Datsun (now Nissan) in 1979 and got 45 mpg. Got a '90 Ford Taurus that got over 30mpg. on the highway. The modern cars except for hybrids don't get as good mileage. It is not in someone's best interest to continue to improve gas mileage. I wonder why?
My name is Konrad and I'm a Junior at PHS. I'm also participating in the "stock portfolio challenge" as I'm currently in second place. Majority of my position is in PEIX (the stock which Morgan unsuccessfully tried to short). I got in @ $13.80 right after they announced the completion of their first plant, which is very optimistic news. I also have a small position in AKAM. I run an alternative energy blog, http://www.GoG2G.com, which focuses on socially responsible stocks and the future of alternative fuels.
Do an advanced search using "Alternative Energy" and you'll find that Alternative Energy is one of my favorite sectors to short sell.... DSTI and ESLR have been super short trades since the spring....
Konrad,
I bought a new Datsun (now Nissan) in 1979 and got 45 mpg. Got a '90 Ford Taurus that got over 30mpg. on the highway. The modern cars except for hybrids don't get as good mileage. It is not in someone's best interest to continue to improve gas mileage. I wonder why?
---------billyjoe
My BMW gets 24 MPG as long as you use premium fuel. Now that I think about it, my old 73 Ford Pinto got much better mileage and it ran off of regular, plus it cost about $30,000 less.
Hey Konrad.... I read your Blog and I think it's good.... But you are too focused on Alternative energy sources to replace petroleum. There are other alternative energy plays worth your due diligence.
Solar power is a pretty huge sector and other smaller electric generating companies are also worth looking into as investment ideas in Alternative energy.
A member here who goes by the handle DMK112 introduced me to a cool stock (ticker) CPST earlier this year. This is a great little company with a superb product. Check out their website and read some case studies of real life applications where their generators are in use. The stock has retraced pretty much fully right now (trades for about $1.50 per share).... It has filled the gap from 07/05/2005 and volume has really picked up in the last week.... I think it moves upward from here. MY target price is $5.... Check it out.
Hey Konrad.... I read your Blog and I think it's good.... But you are too focused on Alternative energy sources to replace petroleum. There are other alternative energy plays worth your due diligence.
Solar power is a pretty huge sector and other smaller electric generating companies are also worth looking into as investment ideas in Alternative energy.
A member here who goes by the handle DMK112 introduced me to a cool stock (ticker) CPST earlier this year. This is a great little company with a superb product. Check out their website and read some case studies of real life applications where their generators are in use. The stock has retraced pretty much fully right now (trades for about $1.50 per share).... It has filled the gap from 07/05/2005 and volume has really picked up in the last week.... I think it moves upward from here. MY target price is $5.... Check it out.
Excellent stock. I'm liking CPST long myself. All indicators show that it's hit the bottom and is bouncing back. I may buy some if it pulls back to $1.51, which is a little above the 21 day MA at 1.45.
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