Bitcoin is the best performing asset the last couple months. But...Green energy is kicking its hiney. Not sure how long this will last but by looking at XLE, shown, which appears to be forming a bottom, it could go on a while.
Horrible sector at the whims of politicians and academics. One new breakthrough and the entire solar and wind industry is over. Eg. the compact Floressant light bulbs in the early 2000's. Everyone was say CF bulbs should in every home. They were subsidized, and touted as the savior of humanity. Who is buying those now? How much does it cost to dispose of those toxic tubes?
altinAdam
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@Earthmatrix, The trend is your friend. Fortunes were made in the run-up of CFL bulbs, I am sure.
User232
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Boy, I had high hopes for this stock. Good work with the cart though.
profilmmaker
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Sorry I'm "new" to this... what is the significance of the XLE forming a bottom? Is that good for PPSI? Good or bad... how is it so? Thanks for the help to understand.
altinAdam
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@profilmmaker, XLE is the Energy sector index. When it rises so do many of the energy stocks such as PPSI.
TomDen1
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@altinAdam, Thank you for explaining, now I understand the chart:-) Great work!!