Not many clean green stocks have held up very well lately within the market downturn, but ADM is holding its own.
Whats going on in this chart is a few things.
-TRIX is up.
-Williams %R is holding above 50 line.
-Price pierced upper BB and found support at the middle point aka 20ema.
I think ADM is a decent trade here with a stop at around 37.5-37.6
DWS Scudder launched a Green fund recently. Symbol: WRMAX. They call it the Climate Change Fund - snazzy marketing.
Kiplinger magazine has some complaints in regards to their fees. The fees are hefty.
They point out two funds we have listed here for awhile.
Winslow Green Growth (WGGFX) and Guinness Atkinson Alternative Energy (GAAEX) which are both no load funds.
I’ve been in and out of a micro cap organic fertilizer company lately called Converted Organics. I currently own it. COIN is the symbol and its been absolutely flying lately. Its not something to buy fresh here, but I wanted to bring it up as a stock to watch in case it pulls back.
Converted Organics, Inc., a development stage company, intends to manufacture, sell, and distribute natural soil amendment products combining nutritional and disease suppression characteristics. It uses organic food waste as raw material to manufacture soil amendment products. Converted Organics plans to sell and distribute these products in the agribusiness, turf management, and retail markets.
Stocks that act like this tend to have further upside. Considerably so, but it could come much later down the road or the move can be immediate. However, if there was a sweet spot for this business it is now.
Check out their website and keep COIN on your radar.
Does the cost of Natural Gas affect the cost to produce organic fertilizer in anyway? I’ve been trying to research this online, but haven’t found the right info yet.
Aside from the crazy ones that have moved lately like ASTI today, the Ethanol stocks have all had nice two and three week runs (VSE, PEIX, USBE, ANDE, MGPI), and SOLF and CSUN lately in the China solar arena. Lets check out some some of the forgotten ones. Well at least forgotten over the last month or so.
I would also take a look at COMV and ITRI. I’m looking for pullbacks in the major alt-energy etf’s because the big solar names FSLR look more like short term sells rather than new buys. ZOLT might have a little room to the upside too.
Backed by NYMEX, a new green exchange will offer trading in the following futures contracts:
Carbon – Futures, Options, and Swaps
* European Union Emissions Trading Scheme carbon allowances (EUAs)
* Certified Emissions Reductions (CERs) under the Kyoto Protocol’s Clean Development Mechanism (CDM)
* Carbon emission allowances under the U.S. Regional Greenhouse Gas Initiative (RGGI)
* Voluntary Carbon Units (VCUs) and Verified Emissions Reductions (VERs) associated with various leading carbon credit standards
U.S. Emissions – Futures, Options, and Swaps
* SO2 emissions allowances under the US Acid Rain Program and Clean Air Interstate Rule (CAIR)
* NOx emissions allowances under the annual and seasonal Federal NOx Budget Programs and CAIR
Renewable Energy – Futures, Options, and Swaps
* Voluntary Renewable Energy Certificates (RECs) accredited under the Green-e™ standard
* RECs used for compliance under various state renewable portfolio standards (RPS)
