Opportunities Everywhere
Have you all seen the action on Terra Industries (TRA). Looks like it’s getting ready for a rally. As I write, it’s sitting on its 200-day moving average, which acted as resistance before (hell, I made nearly 20% on them on the last bounce two weeks ago).
Also, i’m noticing some ripeness in the solar stocks.
Ethanol stocks are still in the crapper, though.
I did a bunch of research on cellulosic ethanol. Let me tell you, there aren’t many good plays there. And the ones there are still have some time left before they become sexy.
With that said, in the next few days i’ll be telling you more about what I found.
It’s hard to believe how volatile alternative energy stocks are right now. I guess it is because it is so new, but they seem to go into a bubble high, then flatline and hit rediculous lows.