I'll update the name and some background in today's new name in an edit later but I am trying to build a 3 position basket of "alternative energy" (non solar) names. I started this basket with a small stake in American Superconductor (AMSC) which I actually added a bit to here as it pulls back to $36 and fills a gap from June 9th. [Jun 12: Starting a Beachhead in American Superconductor (AMSC)]
I'll update the next name when I have time to write a more full piece.
The third name is like a coal stock - it never pulls back :) I might just have to bite the bullet one of these days and buy it as its up 68% in the 6 weeks I've been watching it. And that's after a huge gap up post earnings. Grrr...
All these are highly speculative so as a basket I'll probably limit them to 5%ish of the portfolio, in case one implodes or is more hype than reality.
Today's purchase in American Superconductor pushes it up to a 1.65% stake.
The purchase in the new name is a 1.65% stake and comes after a 5 session pullback of 22%.
Long American Superconductor and TBD in fund; long TBD in personal account
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