As an ingoramus this Stalwart just learned about some of the hot IPO's recently on the London Stock Exchange, I believe. These are in regards to new securities companies set up to buy carbon emmissions credits and then sell them for a profit. An example is that one can go into another country, help a factory reduce its emissions (which in turn generates credits), and then sell the credits to say European factories at a price which yields a profit. Carbon credits only apply for those under the Kyoto Protocol, so the US can watch from the sidelines.
Volatile action for carbon traders:
European Union's fledgling greenhouse gas emissions trading market. The price of a carbon credit, a permit to emit one tonne of carbon dioxide, has swung wildly.
In the wake of the volatility, shares in companies that specialise in trading carbon credits have been hit hard. There are at least seven such companies on the Alternative Investment Market in London, the main centre in Europe for carbon credit trading.
"They all got hammered, and some fell off a cliff," said Tom Frost, analyst at Numis Securities.
Among the seven companies on Aim, Trading Emissions has fallen about 16.5 per cent since the start of the month to 126.5p. EcoSecurities, which was trading at 278p in April, fell to nearly 160p on Monday before rebounding to 182p. CamCo, which recently listed on Aim, was trading at 64.5p yesterday, down from 92p in late April. Even Climate Exchange, an exchange for buying and selling carbon and thus a play on trading volumes, fell from 345p in March to 277.5p this week.
We've just stepped into the carbon credits waters... hopefully will be back with more. Feel free to leave comments which could enlighten us. Already we hear talk about European companies roaming Asia in order to find Asian factories, and then help them generate carbon credits for a profit.
Where does your quote come from?
Posted by: Emily | March 22, 2007 at 02:39 PM
I think that most penny stocks are scams. When trading penny stocks, it's important to realize that most are worthless. It doesn't mean you cannot make money.
You have to go into them realizing they are not investments and you have to sell when you realize the profit you want, because if you don't, you will be left with nothing.
I normally visit this
Penny Stocks Site: http://www.surefirepennystocks.com to research. It's a decent resource.
I know that in penny stocks, they move with good news, chatter online, and when price and volume breakout occurs, you hop in. When the momentum slows down - GET OUT! Take your profits and limit your losses, that's the way to make money with them.
Posted by: JuNexx | March 03, 2009 at 07:41 AM
I think that most penny stocks are scams. When trading penny stocks, it's important to realize that most are worthless. It doesn't mean you cannot make money.
You have to go into them realizing they are not investments and you have to sell when you realize the profit you want, because if you don't, you will be left with nothing.
I normally visit this site: http://www.surefirepennystocks.com to research. It's a decent resource.
I know that in penny stocks, they move with good news, chatter online, and when price and volume breakout occurs, you hop in. When the momoentum slows down - GET OUT! Take your profits and limit your losses, that's the way to make money with them
Posted by: JuNexx | March 03, 2009 at 07:42 AM