Wind. It's a real theme. You read me earlier on Broadwind Energy
(BWEN)
, where Tontine Partners bought a little more than 5 million shares recently. The stock is up huge on my RealMoney article, and I wish it would come in.
But then you go read the Quanta
(PWR)
call, and you know that it involves windmills among other utility issues. I recommended Quanta on my show at $27, and then it went promptly to $20 for no reason whatsoever. Drives me crazy. But now it is all the way back and then some, and they cite, among other things, wind power and wind installations.
And now a third one has surfaced today: Owens Corning
(OC)
. It isn't just an insulation play. Amazing. It is also a windmill play, I can't believe it. But Owens Corning's swing division seems, again, to be windmills.
Now, the purest play is Broadwind, for certain. But it has been sitting there doing nothing until I mentioned it, and there is no catalyst happening at the moment, except what we are hearing from GE
(GE)
(I work for GE), Vestas, Trinity Industries
(TRN)
, Quanta, Owens Corning and, one day, Broadwind.
Still, this theme has huge legs, and I think that on any cooldown these should be bought.
And it looks like a cooldown in the whole market is occurring.
Wind, for real, is a great place to be. Never forget, it is the cheapest form of renewable energy by far! And the last I looked, oil seems go up every day.
Random musings: The Synchronoss Technologies
(SNCR)
story couldn't be defeated by the Apple
(AAPL)
bulls. Frankly, I don't understand how so many iPhones could be activated without SNCR. Bit of a mystery that will most likely knock down Apple a couple of days. ... Apple and MasterCard
(MA)
are the leaders, so it was a natural to slam this market down. ... Citigroup
(C)
below print price! Ouch. This management team is just awful, I think.
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