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| | | When Right is Wrong
Friday was a pretty cool day for us here at Penny Stock Junction. Three of the top four performing stocks on listed exchanges (i.e., non-BB, non-QB, and non-PK) were profiled in these pages during the summer. I had to do a double-take early Friday morning as one of the primary news outlets mentioned one of the companies as being a big mover but had the wrong symbol. I had to look into it to make sure I wasn't seeing things. Sure enough. It was the right company but the wrong symbol.
I had to chuckle as it reminded me of a bad trade made by a colleague of mine in the summer of 1992. A broker in my firm at the time received an unsolicited order to buy 1,000 shares of Cisco Systems (NASDAQ: CSCO), which at that time was a fairly new stock. Unless you were familiar with "cutting edge" technology stocks, you wouldn't have known that it was a becoming a high-flying stock. Unfortunately, this broker, who had already been in the business 30 years by that point, was wholly clueless about the matter.
Instead, he placed an order to buy 1,000 shares of Sysco Corporation (NYSE: SYY), a leading food wholesaler and supplier. Three days later he got an irate call from his retail client demanding to know why he bought 1,000 shares of Sysco instead of Cisco in his account. Cisco had risen a couple of points by then and it was just a hilarious mess.
To read more click here >> or visit http://www.pennystockjunction.com
Stocks to Clean Up With
It's interesting that in 2012 the word "energy" makes many of us think of clean energy, or green energy, even though only a small amount of the power generated in the U.S. and abroad is currently from clean sources. Obviously there are other more widely used sources of energy, including coal and nuclear power plants.
Both coal and nuclear power have negative connotations for many people. That's understandable given the history associated with both fuels sources. Nuclear power in particular is not exactly the most popular type of traditional clean power source, even though it is generally a clean source of energy. The ramifications of nuclear disasters over the past 30 years, and the potential for more in the future, conjure up all sorts of negative images. Clearly, the Three Mile Island, Chernobyl, and the 2011 Fukushima accidents are not our shining moments in history.
Still, nuclear is a major source of power in the U.S. and abroad and will be for years to come, especially as some plants are dismantled. Surely there must be an investment opportunity here, right?
To read more click here >> or visit http://www.pennystockjunction.com
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