Alt Energy Gambling
So we have taken for quite a bit of a ride this election season. Everyone is pumping fear into the media so, obviously, the market goes all over. Truth be told, I’d much rather play blackjack online instead of feed into this nonsense. I can have a ball with some online slots instead of dumping money into spec stocks like Pavilion Energy (PVRE.) I bought a few thousand of this penny stock a few weeks ago to watch it tank a bit, even though Google (GOOG) is backing it for the wind farm project off the coast of New Jersey. If the project goes through, it will be a huge home run for anyone involved including local bonds on the east coast since it will save people money with cheap power. And saving citizens money equates to better returns on municipal bonds.
I still have my PVRE hopes up though. Hopefully it will take a swing up to the Caterpillar (CAT) range in the next few years (which if you recall, we gave CAT the thumbs up around $30 / share and they are currently sitting pretty at around $80 / share. 266% profit if you listened to your old friends here at WTF Market.)
If that doesn’t play out, there are tons of small caps and pennies to bet on in the alternative energy world right about now. It’s probably just a roll of the dice to get some money out of it, unless the southern US starts believing in global warming the demand won’t be enough for everyone to succeed. But still, some of the better ones can get a treasury grant and the others can get gobbled up by a giant like General Electric (GE) or First Solar (FSLR.)
It’s kind of like living in online casinos in a way, isn’t it?
