For those who believe in alternative energy and expect big things from the industry may have to hold on a little longer. Throughout this week T. Boone Pickens has been going around speaking at events as well as being interviewed on CNBC on Wednesday saying that because of the credit crunch, his big plans for huge wind farms will be delayed.
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The financing just isn’t there and with falling prices natural gas that are used in power plants as well as oil prices hitting levels that haven’t been seen in over a year and a half are making his projects less economical.
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As I’ve writen before here on this blog, Pickens started a campaign to help the U.S. reduce their need for foreign oil. The plan is for major investment in the wind energy and the conversion of natural gas for vehicles
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He has said that this is just a temporary setback due to the financing of the project. When he spoke with the New York Times he was quoted in saying. “When we were looking at the project, we felt like we could do it with 30 percent equity and 70 percent debt.” The 70 percent debt is where we’re having a little slowdown.”
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Mesa Power, a company that he founded was given the job to oversee the massive wind farm in Texas that would be able to power over 1.3 million homes. The company has placed the orders for the first phase of the project. A total of 667 turbines from General Electric will be able to generate 1,000 megawatts of electricity that will power more than 300,000 average homes.
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Originally that part of the project was to go online in early 2011.
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This is just part of what we’ll see for the next several months with the condition of the credit crisis. So buckle up, it’s going to be a bumpy ride.

Tags: Alternative energy, Buying penny stocks, Economy, Financials, Getting Started In The Stock Market, Stock trading

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photo by azrainamn
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In these trouble times of the stock market no one is really sure what stock is going to break out and post some beautiful gains. Of course there are many out there that will offer you their services. I’m here to tell you, beware of wolves on sheep’s clothing.
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When you go ahead and type “stock market” or anything similar to that in Google search, you will get several million returned pages. The results are astounding as to the different types of sites you will find. many of them are site designed to get you to buy into their program or at least to leave your e-mail.
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The one and only purpose to these site are to make money off of you not to help you make money in the stock market. In some cases you will find that they offer you “tips” after you subscribe to their service. Sometimes it’s a monthly service, but mainly it’s by the year. The reason why many of them don’t do it by the month is because after the first or second month you would cancel once you see that you’re not making gains in your portfolio.
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The other way these sites will make money off of you is a little more shady that the other. These are the sites that will go ahead and say that they will send you daily notices for no charge. You only have to give them your e-mail. The way that they make money is that they will send you “tips” on stocks that they are already in or that they’ve just recently pumped up. Showing you graphs and charts showing that the stock is at the break out point. What they don’t tell you is that they are the ones pumping it.
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If enough people jump into the stock it will cause the price to rise, at which point they start dumping their position leaving you and others hold the bag.
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There is one stock right now that I’ve been watching because of one of these services. I learned about it through Twitter. I will not disclose the person or the stock for obvious reasons, but I will tell the rest. The person posts on Twitter the the particular stock has moved X amount on X amount of volume. This stock jumped 66% that day, the next day it jumped 125%. In the last week it dropped 95%. With these moves the stock now sit 56% below from where the person started hyping it.
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Just in case you were wondering what type of stock has movements that big in percentage. Penny stocks move like that all the time. That is why you shouldn’t invest more than 10% of your portfolio to penny stocks. You can lose all that you invest in these kinds of plays.
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To make matters worse, the Bid price never rose above the starting price until two days ago where it went to the height of the hype just long enough for one entity to dump several thousand shares. That is also why the stock is now down more than it was in the beginning.
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In the mist of all these types of people out there, there are those that are legitimate and very helpful. The only one that I would at this time recommend is Jim Cramer from TheStreet.com

Because of who he is and the influence that he has, he is not allowed to invest in the stock market himself. Instead he has a portfolio that the money goes to charity. We have an affiliate program with him that offers you a free
two week trial. I suggest that you give it a try. What the heck, it’s free.

Tags: Buying penny stocks, Getting Started In The Stock Market, Stock investments, Stock market for beginners, Stock trading

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photo by petrick2008
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As we see with the way the stock market performed today, the sell-off kicks back into high gear. Investors are still concerned about the condition of the economy no matter who won the election.
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The rally that took place over the last week in alternative energy was erased today with the sell off. First Solar Inc. (NASDAQ:FSLR) which was up $70 in the past week gave back $24 (-13%) in today’s trading.
The rest of the sector did just as bad with Suntech Power Holdings (NYSE: STP) taking the biggest hit of almost 21%. Suntech was trading last week at $11 and gained almost 90% before today’s beat-down. The one stock in the sector that escaped the abuse of today was Biofuel Energy Corp (NASDAQ:BIOF) which gained just over 28%, take in mind though that this stock is a penny stock and gains like that are quite common.
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In the financial area of the stock market, the sector was another wash-out with nearly if not all of the stocks lost ground. Out of the ones that I really keep an eye on, the best performers still lost over 5%.
Federal Agricultural Mortgage Corp. (NYSE:AGM), a stock that I’ve talked about before here on this blog took the biggest hit, losing over 25%. Last week the stock traded as low as $2.85 (where I picked up 200 shares) and yesterday hit an intraday high of $8.40, a gain of almost 200% in just a few days.
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I’ve been saying it for some time now, but you need to be ready for when the stock market will turn (good or bad). If I didn’t sell out of AGM when I did, I would have lost some great gains. Don’t get me wrong, I did keep some shares (since I’m now trading with their money). When you get big gains like the one I just spoke about, you need to remember not to be greedy and SELL.
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*DISCLAIMER* At the time of this post Billy is long AGM and has no position in FSLR, BIOF and STP

Tags: Alternative energy, Buying penny stocks, Financials, Getting Started In The Stock Market, How to make fast money, Investments, NASDAQ, NYSE, Stock investments, Stock market for beginners, Stock trading

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