We're big fans of the alternative energy company Energy Conversion Devices, Inc (ENER).
Its enjoyed a fast run up to the high $40s over the summer but things have now calmed down with the price in the low $30s. We wouldn't be surprised if this stock moves to over $200 in the coming years. Bob Stempel ex chairman of General Motors is involved which goes some way to proving the company's credibility.
Due to the recent volatility expect more price swings and looks like there's some negative correlation to the price of oil. So if you think crude's going to come down a touch then being able to buy between $25-$30 looks likely.
We've already got a position and will be adding more if/when it trades below $30. The start of the thrusting move in August at around $27 is where it might find some good support.
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