My brother asked me to look into some speculative alternative energy stocks a few weeks ago and I started sifting through lists of small companies. I focused on the wind sector as it just made a lot more sense to me the long run. These are the two companies that grabbed my attention.
MMGW -Reports to be profitable very soon, patents on designs
TWRT -Ramping up for increased demand.
So we started a position in these two. My brother offered a "tip" in IOGH. So here are the current holdings:
MMGW @.60
TWRT @4.35
IOGH @.12
MKRS @.87
FRPT @18.38
FRPT is my fault...I should have sold at $30, but my love for this company just wouldn't let me sell. These guys are down, but not out and I expect the share price to rebound soon. As for IOGH, all I have to say is "Gee, Thanks for the tip, Bro!"
But, with the Dow retracing back to the 13.2K area I'll take my lumps with everyone else.
Wednesday, July 11, 2007
Current Holdings
Saturday, June 30, 2007
FRPT, MKRS, Zecco
After dropping to the mid 20's FRPT fans got news Monday that the pentagon had approved the Army to purchase up to 17770 MRAP vehicles, up from the previous 7744 total allotment for the armed forces. This confirms what long term investors of the company already know: The pie is growing (from $7.4 billion to over $20 billion) and FRPT already has a 48% market share. This news coupled with the defense department announcement for another MRAP competition for improved vehicle design could not have hit at a better time. As of Thursday afternoon the stock was back in the low 23's.
MKRS: A stock that I have been watching and came across while studying FRPT. This stock has close to doubled since early June and has some momentum after posting great revenue for Q1. MKRS is developing a already great relationship with the Navy and is looking to market its products to other governments. MKRS specializes in electronic systems technology.
MKRS
I also recently opened a Zecco trading account. $0 commission trades, who can resist. As I fund and play around with the platform I will offer a review of the site. So far everything has gone very smoothly and I must say I am impressed so far!
