XWES continues to move right a long. I'm going to keep going with XWES until the potential dwindles. I also subscribe to the Prophet Alerts website for great alerts like XWES. It is def worth your time as I was at first unsure of what to expect but my portfolio thanks me :)
Can someone explain how XWES ever really makes money?
It seems like they have given up on the portal idea and are buying brokers that do not use the portal. The two are opposites and compete with each other. The portal says the broker model is a waste of money and inefficient and that price discovery is better and with a lower commission using the internet/portal. The brokers say they earn their commission with "service" and deregulated energy is not a commodity and that hey earn their much larger commission by explaining and helping choose suppliers with their terms and conditions as well as contract lengths and pricing variations...
So which is it? You can't have it both ways.
Meanwhile is the roll up of brokers model valid? Will the customers stay? Why would they if it is simply a commodity sale?