Sunday, May 11, 2008

ENER pays off - BIG!

Patience and persistence paid off this week after ENER reported earnings and their shares surged 45%. Not only was the stock a big winner (we had a 3x position bought 3 weeks ago), but most of us also got a major home run with the September $45 calls ($1.70 to $9.10 +435%). Energy Conversion Devices (ENER) is a stock that I have followed for over 4 years. This company is really 3 stories rolled into one. They make batteries for hybrid cars, the make thin film solar, and they are working on phase change memory which some expect to be the next big thing in memory for all devices. In another example that stock picking matters...despite the markets being down over 2% on the week, it was one of the best weeks of the year for Trade in the Zone subscribers. Onward on upward.