Alternative Energy -Sweet!

Last week I mentioned a group of alternative energy plays I owned including PEIX (ethanol) and BLDP, and ACPW.

“April 7Alternative EnergyThey do look good in today’s ugly market. Active and Ballard are the risky equivalents of buying biotechs in research.My List:ACPW, BLDP, PBW, ENER, ADM (ethanol), PEIX (ethanol)Disclosure – long acpw, bldp, ener.”

END

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.