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Energy Conversion Devices Inc ENERQ


Primary Symbol: ENER



NDAQ:ENER - Post by User

Post by inves20on May 02, 2008 3:34pm
788 Views
Post# 15032868

Expecting bad Q again

Expecting bad Q againI don't expect this company to show any profit.
The stock is stuck in it's downtrend channel even though it's at the top of that channel it has not broken above and that tells me that bad earnings are to be announced on the 8th of May.
This stock has a psychological pattern that appears to be driven by the price of a barrel of oil. That is the only reason for the recent rise in SP. This will fall into the low $20's as there is no volume in anticipation of good earnings , so the market is expecting bad earnings.
Will listen to the conference call .
I was in California last week and I find that Americans are not interested in energy conservation.
I kid you not, 75 MPH is driving slow, 90  to 100 MPH was normal speed for them. How can a state save energy when 30 Million cars are burning 30 % more energy than they would if the speed limit was enforced to 60 MPH like in Canada. So go ahead save energy in the rest of the world, Californians will burn it up quicker than you can save it.
Oh Ed Begley Jr. put a few solar panels on his roof to try to out do Bill Nye the science guy.
I tell you, americans are not interested in solar panels or energy conservation. Ed's wife is typical of the american psychology.
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