RE: RE: RE: RE: RE: Clean coal technology/industryHey shiningstar how are your solar stocks doing lately.
I had to laugh out loud when Cramer the idiot goes on and on about the amazing investment opportunity in solar stocks. These solar stocks had already gone on a huge run this year prior to the meltdown and had only dropped back a bit. Almost anyone should be inteligent enough to know that when the world economy slows down and even heads backwards for awhile that all spending on costly extras gets trimmed first. Of course everyone considering going solar is going to rethink that decision in this environment. Also solar is on a buiding by buiding decision basis and just is no where close to being viable for a city. Nuclear is the future yet Cramer boasts up solar stocks that have since fallen like stones as they cut projections. What stocks are safe right now. Thermal coal is needed regardless of economic activity yet the stocks have fallen as if they are all going under. PHC has cash in the bank so can withstand the poor contracts it presently has. Once the big projects get going and their new equipment lowers opperating costs things should be really looking up here. If you want another industry I love right now it's oil and yes that is dirty just like coal :) By the way I recently installed a high efficiency furnace and an on demand hot water heater so I am environmental but I invest based on what stocks will behave the best over the next 6 months and solar, wind, water power are companies I will go near right now. Later once money starts flowing again sure but then I'll probably move back into gold, silver, and other commodities like iron, moly, copper, etc. before I buy solar or wind.
Here's a quote recently on bloomberg from someone who actually gets it:
Daniel Rice--manager ofBlackRock Advisors Inc.'s Global Resources Fund, which is also amongthe largest holders of Peabody and Arch-told Bloomberg Monday, "Coal isthe best commodity to get into right now. It's a lot less sensitive todownturns because it is needed for basic power generation, and demandis growing."
Note the last four words
and demand is growing!!!!!