Tuesday, July 08, 2008

ENERGY OVERLOAD!!!

Just sold my energy stocks, it's a little late for it since it's been "dropping like it's hot" recently. I think I'll be staying away from FSLR from now on, I've made nice profits off of them in the short term, but I believe companies such as Nanosolar may win them out in the long run. I think going for an ETF such as QCLN will be a better play for me in the future.

I will definitely be repurchasing ATW in the future though, I really like this company and it doesn't hurt that it's a TMFSA recommendation. Again, the energy sector is out of favor at the moment and I will be re-appropriating those funds to better investments.

Let's hope for a good earnings season, but I have a bad feeling it'll be gloomy (look at VMW today, EEK!).

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