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James Holden
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I have been involved in the investment business both professionally as a former financial advisor and personally since the early 1990's. Studying the market through various phases, I have had both successes and failure contributing to my experience. Currently, I am an educator with a master's... More
  • Energy Conversion Devices Lesson: Diversify 0 comments
    Feb 14, 2012 12:20 PM | about stocks: ENER

    Energy Conversion Devices (NASDAQ:ENER) just went bankrupt today after being up 600% for the year and finishing strong yesterday.

    Diversity is quite important in an industry so burdened with debt. You can never think that a company is out of the water until you see it on their financial statements.

    I wrote an article stating that the jury is still out on how the company will refinance and raise cash or face the problems that once took the stock down to the $0.20 range. ENER is now slightly above that range after falling 80% in the day.

    This really makes you requisition wishful thinking and technical analysis with a debt ridden company over solid financial analysis. I hope a few ENER investors traded out and diversified before today.

    Stocks: ENER
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