aDECEMBER 18, 2008 (Dow 8605, down 219) - Bush's indecision regarding the auto bailout snd the potential ratings downgrade of GE's debt hurt the market today. Sharp moves down in oil contributed to fears of a deepening global recession. The chemicals are the biggest beneficiaries of lower oil prices. The newspaper stocks are toxic.
speculative situation - co produces liquified natural gas (LNG) for use in natural gas powered vehicles - is expanding capacity to meet demand - also has 175 natural gas fueling stations & will benefit from the Port of Long Beach (CA) plan to have half of the port's trucks run on natural gas - we will be hearing a lot more about this co going forward
would hold speculative stock until the Nov California bond initiative that supports natural gas as a fuel source
14.11
+2.32%
08/25/08
stock is getting more blue chip after Nancy Pelosi (Speaker of the House) disclosed an investment in the co ($100k -$250k) - Boone Pickens is the largest shareholder - co just had a better than expected qtr - a $5B California ballot initiative (Pelosi's home state) is coming to a vote in November that would fund fuel conversion of cars & trucks to natural gas - think it will be passed & would be great for the stock - want to bet alongside Pelosi - use limit orders
14.21
+3.05%
09/02/08
CEO interviewed: the passage oif the California $5B bond initiative (Prop 10) will be a boon for vehicle conversion to alternative fuels like natural gas & will send people to natural gas fueling stations - co is building twice the amount of new stations as last year (in 11 states) - fleet users are now paying the oil equivalent of $2.40/gal for natural gas - need more volume to become profitable - Cramer says this one's a winner
17.25
+25.09%
09/10/08
could see a multi-year move with this one - CEO interviewed: natural gas fuel could save consumers & truck fleet owners $1.50/gal now - think a major oil co will get on board with natural gas for vehicles - Cramer says it's speculative & limit orders should be used
18.07
+31.04%
09/17/08
speculative - has been the victim of naked shorts
15.52
+12.55%
09/18/08
don't know why Pickens is selling - it's a speculative stock
16.85
+22.19%
09/19/08
it was Mrs Pickens that sold the stock - not Boone
17.39
+26.11%
11/20/08
has been crushed with falling oil prices & hedge fund selling - California Prop 10 was defeated that would have mandated some vehicles to be powered by natural gas - the stock is now trading at only $2/share over cash but has only about 4 months worth because of its cash burn rate - CEO interviewed: still think natural gas will be used for vehicle fuel with oil down here - we currently are saving diesel fuel customers (big fleets) 60 cents/gal - think Congress will revisit the natural gas fuel issue - without capex there is no cash burn - Cramer says he thinks the CEO is a winner
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