Who Is Shorting Tesla?
Modern Energy Roundup - February 24, 2012
By Jeff Siegel
Friday, February 24th, 2012
Here's this morning's Modern Energy Roundup. . .
Exide Technologies (NASDAQ:XIDE) announced yesterday that it will be expanding its Salina auto battery plant. This new plant is expected to create 130 new jobs. XIDE is down considerably from its recent high of $4.15 after an earnings disappointment. Could be a good play down the road. May consider picking up a few shares in the $2.85-$3.00 range.
Heavy short action continues on Tesla Motors (NASDAQ:TSLA). Shorts probably feeling confident that $35 resistance remains strong. Still not willing to take the short bet, though. Tesla has a way of burning those who bet against it too much. Wouldn't mind picking some up below $30. Also wouldn't mind getting my hands on a new Tesla Model S. Check it out. . .
Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!
There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.
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