Altair Nano

We all knew this was going to happen.

Nanotechnology has become the neglected stepchild of the markets. The hype and fervor surrounding it a few years ago gave way to warnings that the science would yield precious few applications — and profit — for years.

Then came disappointment and then, in the minds of investors at least, oblivion.

Aside from some erratic stocks, like Altair Nanotechnologies (ALTI - Cramer’s Take - Stockpickr - Rating) [profile], whose shares are volatile as a result of perennial speculation, and the even-rarer company turning a profit, like electron-microscope maker FEI (FEIC - Cramer’s Take - Stockpickr - Rating) [profile], companies toiling in science on the nanoscale have been quietly treading water.


A nanotech exchange-traded fund representing an index of stocks that was set up by Lux Research , a New York-based firm focusing on nanotechnology, has traded sideways. The PowerShares Lux Nanotech ETF (PXN - Cramer’s Take - Stockpickr) was recently trading off 0.8% to $17.27. A year ago, it was trading at $18.03.

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