James Altucher of TheStreet.com posted an article this morning highlighting 6 alternative energy stocks that could go to zero.  He likens the green stock mania to the dot com bubble and to some degree he’s right.  There is one important lesson in all of this: stick to companies growing rapidly and decreasing debt with strong technical indicators and you won’t get burned.  Simple as that. 

The six he highlighted are :

Verasun (VSE), Capstone Turbine (CPST), Valence Technology (VLNC), Pacific Ethanol (PEIX), Aventine Renewable Energy (AVR) and Beacon Power (BCON).

I’ll disagree on the ethanol plays particularly if Obama is President.  If that should happen, all ethanol stocks are going to ramp up.