Apart from looking not too serious with their big plan to build a nuclear power plant in Idaho, Alternate Energy Holdings Inc. (PINK:AEHI) can at least serve the short-term traders with a predictable price action.Led by Don Gillispie, AEHI is outstanding from the point of making a big ruckus with ambitious plans. The unprecedented decision to build a nuclear power plant in Payette County, Idaho has a lot of contradictory facts in it, one of them being its economic necessity. Payette already has the lowest energy cost in the whole country due to the hydro electric power coming from Snake River system.
The big talk from the CEO, however, has boosted the stock price to intimidating levels, and it continues the uptrend despite the raising of the market cap to levels that clearly do not represent the company’s financial value at this point.[BANNER]
Despite the questionable value behind the stock, the share price has been set by the recent insider purchase of shares priced near the current levels. This sets at least a short term stabilizer on the price, and due to the considerably heavy trading, the formation of an ascending trial pattern could be finished. However, even if it’s a continuation pattern, at the moment the price is so inflated that it is not likely to break out, unless the talkative CEO provides some more reading material.
The subsidiaries of Alternate Energy Holdings engage in at least 4 different nuclear energy related project throughout the globe, none of which, however, has produced any revenue to date.
