Green Energy Stock in the Mail
Nov 20, 2008 – Yesterday I received a stock pick in the mail for EnviroResolutions, Inc. [OTC.BB: ENVI.PK]. That is almost the same as the alleged quote from Joseph P. Kennedy, the father of JFK, RFK and Ted Kennedy, that “When even shoeshine boys are giving you stock tips, it’s time to sell.” Luckily, I didn’t purchase his recommendation for an “immediate buy.” It closed today at $0.45, down 25% from $0.60 yesterday. Its high price for the year was back in the spring when it was at $3.03 & at $0.60 it is down 85% from its high. Unaudited financial statements show ENVI had revenue of $53,480 in 2007 resulting in a net loss of $171,699. I make no prediction for the future as this stock might now take off as Jarret Wollstein, Editor of the Intelligent Investor Report predicts, but please be careful with the money you put into green companies. Not every one will grow as fast as bamboo.
