8-Jan-09 12:33 pm From Obama's speech "To finally spark the creation of a clean energy economy, we will double the production of alternative energy in the next three years. We will modernize more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills. In the process, we will put Americans to work in new jobs that pay well and can’t be outsourced – jobs building solar panels and wind turbines; constructing fuel-efficient cars and buildings; and developing the new energy technologies that will lead to even more jobs, more savings, and a cleaner, safer planet in the bargain."
Good question, its an oversold bounce I guess... Looks like steady accumulation. I think at 50 accumulation wanes. I got in at 35 and am shocked at the move up. I sold upside 55 calls for Jan, if it goes over that I'd be shocked and be happy to take profits.
I was wondering if it is a short term short candidate at these levels. Volume abnormally high over last couple days. High end pe/low div yield for the group. I generally like FPL, just think it may be a bit overpriced here.