its funny i'm not a trader and i glance at this thread ocassionally. i didn't want to challenge the smart guys but i honestly think until solar is viable with gov't subsidies i wouldn't touch it. natty is the immediate future. edit "without gov't subsidies
another piece of natty news new bill going before congress to boost usage. pickens believes it has the votes. i think pickens actually lost a lot of money on natural gas when the prices spiked in 08
pgabriel, I agree with you in regards to the Solar Stocks and the subsidies that help them. There is research into solar - hydrogen combinations, but the <i>numbers</i> aren't there yet to make the price points needed. 'Artificial leaf' makes hydrogen from solar cell
What does greek debt issues have with companies like Bank of America? Does Bank of America hold greek debt? I didn't think so but someone correct me if I'm wrong.
Can't say for certain, but I thought conventional wisdom was that BAC's achielles heel was its lack of international exposure. Today is a bad day for the markets and most of Aprils post "downgrade" gains are being erased.
BAC topped in Mid January. XLF topped in Mid February. XLF and the S&P 500 have diverged since Mid April. Trend followers have likley been out of BAC for quite a while. That leaves the Buy the Dip types (<i>Falling Knife Catchers</i>) and perhaps some using a Martingale strategy variation being Long BAC as a trade
I have a friend that used to work in the pits at the NYMEX for many many years. He told me this morning that the word on the street is that Plunge Protection Team has been told to stand down and not to intervene for the time being. He said a lot of his former co-workers are saying that all the exchanges have taken precautions and are bracing for severe impact. He said he doesn't know how this will play out, but for the time being it'd be better to be on the sidelines or to tighten my stops rather then get chopped up if a crash happens.
