I read an article this morning about a woman who has just filed a $1 million lawsuit against Apple (AAPL:NASDAQ) for slashing $200 off the price of the iPhone after she bought it at the higher, debut price.
Hey, guess what?
When you buy pretty much any new piece of electronic equipment the day it comes out, you're going to pay top dollar. Any college freshman taking a Principles of Marketing class can tell you that.
Innovators and early adopters always pay a premium. And that's for anything. Electronics, cars, clothes.
Personally, I've never seen the advantage in rushing out to buy something when you know there's a very good possibility you'll be able to get it cheaper if you just wait a bit.
However, patience--especially with our society so accustomed to daily doses of instant gratification--is a virtue mastered by fewer and fewer people.
And this certainly pertains to the investment world, too.
Particularly with alternative energy.
I can't tell you how many emails I get from alternative energy companies that want Green Chip to write them up. And in all fairness, a lot of these companies are doing some pretty amazing things. But, in many cases, I also know the share prices on some of these stocks are just too high.
In fact, there's one solar company in particular that I've been following for about a year now. And this company is doing some spectacular stuff in the lab. In a couple of years, I could definitely see it becoming a force. But there's no way I'll recommend it to Green Chip Stocks subscribers when it's very obvious that the stock cannot sustain its current share price.
That being said, we'll continue to follow it closely, waiting patiently for the right entry point.
And when we do finally get the entry point we want, we'll buy it, then once again wait patiently for the uptrend.
Sometimes these things take as little as six months, other times as long as two to three years.
Heck, I remember back in 2006 when I started to get a lot of emails from angry subscribers who wanted to know why I continued to recommend WorldWater & Power Corp. (WWAT.OB). After all, this thing could barely break the $0.50 mark for nearly two years.
But those who stayed focused and didn't panic saw their patience rewarded.
Take a look:
Now a couple of months ago, I recommended another solar company that I believe will deliver the same way WorldWater has delivered for us this year.
I actually wanted to recommend it earlier, but I knew that if we just waited, we'd be able to pick up shares at an extremely low price.
And that's exactly what we did.
Today, the stock is up 27.6% since our initial recommendation. But I think by this time next year, we'll be looking at gains similar to what we saw with WorldWater & Power.
You can read more about this company here .
Also, I want to take this opportunity to let you know that I'll be recommending another solar company to our subscribers before the end of this week.
It's actually a company that we've already been making a lot of money on in our Alternative Energy Trader service. But I think that this stock has now moved from being a short-term trade to a long-term investment.
And I'll spell it all out when I email our Green Chip subscribers the recommendation.
If you want in, you can sign up here .
But just so you know, the recommendation could come anytime this week. Possibly as soon as tomorrow.
At this point, we're just watching patiently . . . waiting for that perfect entry point!
So if you want to receive this email, sign up now.
http://www.angelnexus.com/o/op/2754
Until next time . . .
Jeff Siegel
Subscribe to