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goldminingXpert (29.76)

June 2008

Recs

8

When does this whole wind bubble blow over? (AMSC)

June 21, 2008 – Comments (11) | RELATED TICKERS: AMSC , ENERQ

I'm calling a top now... or right about now anyway. Some of these stocks are up 500% or more in the past year or two. American Superconductor... a company that purchased a tiny wind firm for under $20 million in stock is now up 700% off its low due to one deal where the buyer appears to not have the financial strength to pay. How does a tiny little $20 million dollar firm turn into somebody filling a $450 million order? They don't. AMSC's core business... superconducting wires, are ridiculously expensive to operate. In summary, this company is a sick joke, yet is has doubled since January alone. The other examples of insane stupidty... I'm looking at you ENER, BWEN, and APWR, are beyond belief. I feel like I'm living in February of 2000 again.  [more]

Recs

10

Why does CAPS like Wuhan Blower? (WUHN.ob)

June 09, 2008 – Comments (5)

This company is a marginally profitable manufacturer of machinery. It has a P/E of 28, and has shady management. I know it is Chinese, but geez, what on earth explains the valuation? Yet, 5 all-stars have outperforms on it, while only 4 all-stars are bearish on it. I closed my 4th sucessful underperform of it today, and will re-open the pick again tomorrow. I don't get some smart CAPS players with ratings over 99 such as hall9999 are giving a green thumb to Wuhan (their unofficial motto, of course, being "The only thing we blow is your money.")  [more]

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