This morning Clean Energy Fuels ( CLNE ) is getting a nice bounce in pre market due to the 8/25/08 CNBC Mad Money show with Jim Cramer and Nancy Pelosi.
Turns out the speaker of the House of Representatives owns between $100,000 and $250,000 worth of stock in Clean Energy Fuels, a company that builds and runs natural-gas fueling stations for vehicles that run on compressed or liquefied natural gas.
T. Boone Pickens may be the largest shareholder of CLNE, but there’s probably nothing better than having the full confidence of Nancy Pelosi behind your company.
“It’s even better than Warren Buffett being a shareholder,” Cramer said, because Buffett doesn’t control the House of Representatives.”
CLNE Technical Analysis:
Looking at my charts.... I'm looking for a close over the following prices in order to cause a big breakout. $14.90, $15.47, $16.20, $16.84......once these levels are taken out, it will go to the next. After $16.84, you have a big gap to $19.60. Then you could test the all time high of $20.65.
If energy prices rise into 2009, CLNE could be a big gainer!
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