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JoeAgresti (86.34)

Winter Cleaning

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January 05, 2009 – Comments (3) | RELATED TICKERS: USO , FSLR , CMM

Having 200 stocks has made bringing in new ideas a little tougher. I've recently ended all my solar picks because of NANOSOLAR. I still think with the rise in OIL that they will play well for the next quarter or 2 but i dont want to be there when they fall apart. I wish I could have left FSLR and STP on there but its fine, that sector is done this year.  I am getting increasingly scared of picking ALT energy plays because the tech stuff just changes so frequently. I liked PWR but then i was reading something about hoisting fan blades up in the air or something crazy like that - this tech epiphany im having is also letting me off CREE.  It just seems there is too much money to be had in alt energy that I just want to get away from it.

 

Other thoughts include my lowest score - GU - big up day today, but i really dont think that is something that is going to beat the market in the short term.  My new fav stock is CMM. Look them up. I am really big right now on China - have been for a while, AGS, OIL until 175ish, Gold up until 1200,  and big pharma. These guys are just gonna scoop up all the little guys and use thier knowhow to get the most bang for the buck on new drugs.  

3 Comments – Post Your Own

#1) On January 05, 2009 at 2:56 PM, mysoftballcoach (90.58) wrote:

Joe-

I, too, have been reluctant to pick any solar stocks due to the impact I believe Nanosolar will have on the industry.  It appears to me that it's just a matter of time and scale before Nanosolar dominates the industry.

Good Luck!

Coach - http://www.mysoftballcoach.com/fastpitch-softball-blog.html

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#2) On January 05, 2009 at 3:34 PM, Jerryskidz (97.57) wrote:

why pick individual solar stock when you could pick a basket like TAN or FAN if wind is your choice.....then write covered calls on them..

I was paid a 60cent premium on TAN when I bought it at 8 dollars that expires in Feb.... I'll own TAN and write covered calls all day long with those type of premiums

nanosolar?  rise in oil over the next two quarters?

whether your using an 8 ball or reading tea leaves... there is too much static in the system to determine which way oil is going near term... leave the predictions to Nostradmus

On a side note, I owned GU but sold it at a loss to offset gains last year. I don't see any company specific impetus to get the stock moving. 

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#3) On January 05, 2009 at 4:01 PM, JoeAgresti (86.34) wrote:

so how do i write covered calls on fool.com again????

 

i can tell u where oil is going in the near term - UP

even a smarta$$ like u should be able to figure that one out

have fun with ur options 

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