SOURCE: Small Cap Investors

October 02, 2008 08:00 ET

Stocks on the Upswing: GSAE, CY, ENER, ABB

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by

BOCA RATON, FL--(Marketwire - October 2, 2008) - If you are looking to put some money back to work in hot sectors then we have a few ideas for you, GREEN STAR ALTERNATIVE ENERGY, INC. (PINKSHEETS: GSAE), CYPRESS SEMICONDUCTOR (NYSE: CY), ENERGY CONVERSION DEVICE (NASDAQ: ENER), ABB LTD (NYSE: ABB).

GREEN STAR ALTERNATIVE ENERGY, INC. (PINKSHEETS: GSAE): Rose over 13% on three times normal volume after announcing yesterday that they are proceeding with an International Patent Application in the field of wind turbine design. It appears the stock might be under consolidation. Keep an eye on this one as it appears they are ready for a move to a higher exchange which could continue upward price momentum.

CYPRESS SEMICONDUCTOR (NYSE: CY): Which makes quite a few different types of chips announced earlier this week the completion of the spinoff of its SunPower Corp. division, a company that makes solar panels, roof tiles and related technologies.

ENERGY CONVERSION DEVICE (NASDAQ: ENER): Rose over 6% as investors await today's Investor Day Management Presentations. See what tomorrow brings and then decide whether to jump in.

ABB LTD (NYSE: ABB): We are familiar with ABB and have looked at it in the past, but we hadn't realized how cheap it has gotten until the ugliness of the past few weeks as we were looking for places to hide some cash. With a P/E below 10 it's cheap.

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