Thursday, July 15, 2010

OPEN

(stock #'s in %)

Volume's up with selloff. Turns out, many of the analysts' estimates for Q earnings were low-balled to give a bullish push to the mart. Well, when we find out, yes, we don't trust them all even more. So the indeces are bouncing down off all their 50 and 200-day lines. Went up too far too fast since July 5th anyway.

BP just spent $100M buying the cellulosic business of VRNM - a pilot plant (in Louisiana) and a research lab. Guess what their next ad campaign will be about. VRNM was up 100% pre-open, now 65. They still have the enzymes for cellulosic business, which has just as much potential.

BFRE is up 16. Cellulosic developer. I'd think about buying it here. It's been pushed down from $1 to 20 cents anyway. Also consider AEBF.

WWEI is up 71 on news. Buying into wind farm project. TSPG up 33. AWNE up 25. HLXW up another 9. From .007 to .012. Poof.

SLPO down 38. XSNX down 11. VUOC down 9. Course, prudent thing is to wait out this rally down before buying.

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