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Fly Buy: CLNE, FXP

by The Fly on May 14th, 2008 at 1:41 pm

I bought 3,000 (CLNE: 11.18 +4.58%) @ $15.10 and 1,000 (FXP: 91.73 -0.74%) @ $63.74

UPDATE: I bought 2,000 CLNE @ $15.05.

Disclaimer: If you buy CLNE because of this post, an egregious clown will kick you down a flight of stairs. And, you may lose money.

This entry was posted on Wednesday, May 14th, 2008 at 1:41 pm and is filed under Fly Buys. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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3 Responses to “Fly Buy: CLNE, FXP”

  1. Leonard The Monkey Says:

    I don’t like this about CLNE as I can’t tell how hedged they are:

    The Company’s policy is to purchase natural gas futures contracts to cover its estimated fuel sales under these sales contracts to mitigate the risk that natural gas prices may rise above the natural gas component of the price at which the Company is obligated to sell gas to its customers. From time to time in the past, Clean Energy has sold these underlying futures contracts when it believed natural gas prices were going to fall. At December 31, 2006, the Company had sold all such futures contracts associated with fixed-price and price cap sales contracts and did not purchase any futures contracts during 2007.

    May 14th, 2008 at 2:26 pm  Add karma Subtract karma  +
  2. StockTraderDaddy Says:

    you seem to be a sucker for pain on FXP … or does all not seem as it seems ?

    May 14th, 2008 at 3:06 pm  Add karma Subtract karma  +
  3. iio Says:

    I plan to buy some next week. I think we are currently witnessing the bottom for FXP.

    May 16th, 2008 at 11:22 pm  Add karma Subtract karma  +

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