Solarfun Earnings Could be the Perfect Trigger for a Short Squeeze [View article]
Although I can't dispute the Author's points, which I think make very good sense, I have taken profits on a %age of my solar and wind positions today. I have this uneasy feeling that, fairly soon, Congress will announce that they will reduce or eliminate the current Breaks awarded to Alternative Energy businesses when they expire at the end of '08. The incentive to renew these advantages diminishes, I think, as price parity with oil and gas diminishes.(JMHO) I think the solar and wind names are pricing in that the Breaks will be renewed and extended for the next 2 or 3 years...Which of course is possible. But if Congress should pull the plug, all these stocks will experience a rapid and deep sell-off. The risks, short term, are mounting. Am I nuts ??? Opinions please!.
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Although I can't dispute the Author's points, which I think make very good sense, I have taken profits on a %age of my solar and wind positions today.
May 16 14:46 pm
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All Comments by buygolly »Solarfun Earnings Could be the Perfect Trigger for a Short Squeeze [View article]
I have this uneasy feeling that, fairly soon, Congress will announce that they will reduce or eliminate the current Breaks awarded to Alternative Energy businesses when they expire at the end of '08. The incentive to renew these advantages diminishes, I think, as price parity with oil and gas diminishes.(JMHO)
I think the solar and wind names are pricing in that the Breaks will be renewed and extended for the next 2 or 3 years...Which of course is possible. But if Congress should pull the plug, all these stocks will experience a rapid and deep sell-off. The risks, short term, are mounting. Am I nuts ??? Opinions please!.