Swiftly moving up

Swift Energy Company (SFY) "engages in the development, exploration, acquisition, and operation of oil and gas properties. It focuses primarily on oil and natural gas reserves onshore and in the inland waters of Louisiana and Texas." (from Yahoo Finance). The company is expected to earn $8.70 this year (Dec 08) and $9.80 (Dec 09). Forward PE is 6.74 and Forward PEG is 0.54 (Average sector is 0.94). The chart action is also very promising and looks like this one is ready to break out. Hopefully we get a chance to pile up on a pull-back. I am looking into buying August 65 Calls bellow $5, its about $5.60 today. (Needless to say that the entire sector is on fire as well)

An Ulternative Energy Play in my book (ENER)

Energy Conversion Devices (ENER): This is not a hidden gem and looking at its daily volume, its certainly not an unnoticed company which could be bad AND good at the same time. I am not into new discovery so its good in a sense that I can see some real interest in this stock, I am going to bet my money down that this enthusiasm could go for sometime longer (and hopefully I can benefit from that). The bad news is, .. Can't think of any ;-) ok maybe its hard to take a position on a stock which is doubled in the past 2 months, and thats not even so bad .. According to Yahoo finance profile on this company: "Energy Conversion Devices, Inc. commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets. The company operates in two segments: United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment designs, develops, manufactures, and sells proprietary thin-film solar (photovoltaic or PV) modules, which are lightweight, thin, flexible, and durable products for converting sunlight into electricity. It sells these PV modules to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators, who incorporate these PV modules into their products and services for commercial sale." The company also earns 1 cent per share for its fiscal year ending June 08, analyst expect $1.53 for the next fiscal year. I would wait for 2 or 3 points pull back to get an entry point. IBD (Investor's Business Daily) gives this stock: a 94 (A) Overall rating. Industry group Relative strength A+) and Acc./Dist. A+. Relative Price strength 99/100 and low marks on EPS rating (44) and profit margin.