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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (45965)1/8/2002 1:17:48 PM
From: Sully-  Read Replies (1) of 65232
 
13:16 ET Sector Watch: Alternative Energy : Sector has been on the move since before the opening bell, lifted by order announcements by ACPW (+7%) and SATC (+13.5%). Investors/traders also appear to be positioning in the space ahead of announcement tomorrow by U.S. Energy Secretary Spencer Abraham of a program to promote the development of hydrogen as an alternate fuel for cars and trucks. According to Reuters, the government will fund research into fuel cells as part of an effort to reduce American dependence on foreign oil. Moving in the sector today are PLUG (+13.5%), FCEL (+9%), BLDP (+7%), HYGS (+7%), IMCO (+4%)
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