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August 31, 2005

Young Financial Analysts Don't Follow Alt E

Joel Makower has a written a good article about how "young financial analysts are extremely skeptical about the relevance" of investing in Alternative Energy and other environmental issues. You can read his article and also view the full report via Joel's website. [ more ]

Solar Power 2005

sp_header.gif I just completed my registration to attend the Solar Power 2005 conference in October.

I plan on blogging my notes for this conference for everyone to read and will be keeping a sharp eye out for new investment opportunties. Many of the companies in this sector will be in attendance and I will be spending a great deal of time on the expo floor trying to determine who I should invest in next. Here is the current exhibitor list.

If you have any questions you would like me to ask, feel free to leave a comment below. If you will be attending walk on up and say hello.

Energy Prices Continue to Soar Due to Katrina

The impact of Katrina to the gulf coast has caused a corresponding impact to the cost of energy. Up to 90% of output from the Gulf Of Mexico remains closed today and the uncertainty surrounding how long it will take to get back online drove crude oil prices above $70. This region supplies approximately 25% of all US energy and is home to nearly 10% of US refinery capacity.

This short term impact on the cost of oil has many of the Alternative Energy stocks up with double digit percent gains yesterday.

Be very careful at this time. Many people will see stocks like Ballard up over 12% yesterday and will be anxious to start adding money to these stocks. If your a long term investor, now is not the time to be buying these stocks. The Katrina emergency has everyone rushing to find a place to put their money. These stocks will eventually settle down and I would be looking for lower prices after the emergency has ended.

If you already hold some of these positions, you may want to take some of your profits at this point or put some protective stop losses so that you can capture these gains. The entire energy sector has become a trading market and a little patience will enable you to put money into this sector with a lower cost basis.

In the meantime here is a list of agencies that are taking money for Katrina relief efforts.
American Red Cross
Salvation Army
United Way
Louisiana SPCA

August 30, 2005

Ch Ch Ch Changes...

As you can see the site is starting to show some of the changes I have planned.

First off, there is a slight redesign of the website to take advantage of some new features available from the newest release of MovableType. If you currently run a blog with MT I highly recommend the upgrade. If you want to get into the world of blogging, feel free to drop me a line and I can give you some links/advice.

I have updated the stocks list and refreshed some of the listings. You may also notice that there is now also a portfolio link. Details about the future of this link will be coming soon. One section that has gone away is the resources section. I never really had the time to add to or keep up with this content. The old content is still available via the archives for those that are interested.

More changes are on the way and I will soon be able to start adding some real content rather than this misc stuff about the website.

August 26, 2005

Alternative Energy Mutual Fund?

I recently received an e-mail question from Don that asked,

Have you come across any mutual funds that invest in alt. energy stocks?

Here was my response,

Don,

I haven't found any specific mutual funds that are entirely in this sector. I know that the Pax funds have a few holdings of Alt E stocks. This sector has been hot recently, so I know many of the stocks that I follow are in many mutual fund portfolios. Most mutual fund managers are momentum players and when they see stocks moving quickly in any specific quarter, they try to close the quarterly books with some of these names in the portfolio.

You should really look at the PowerShares Exchange Traded Fund (ETF). An ETF works just like a mutual fund, but trades like a stock. The Power Shares Clean Energy ETF (Ticker Symbol PBW) is one of the only fund like investment tools I have found that follows this sector. More information can be found here: http://www.powershares.com/. This ETF can be purchased from any brokerage account.


I'm including this Q&A here for all to share. If you have any additional information, please feel free to leave a comment below.

August 24, 2005

Thanks for the support

I wanted to extend my thanks to all of the people that want me to keep this website alive. I have been reviewing many of the comments and plan to incorporate many of these changes very soon.

My plan is to have a re-launch of the website with all of the changes by September 1st. My goal is to become more focused on investment ideas, rather than just a press release news source. I think many of you will be very happy with the final results.

Thanks for your patience.

Mark

p.s. The call for help is still out there for those that are interested in providing editorial assistance. Feel free to drop me an e-mail if you are interested.


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