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Yingli Green Energy Holding Co. Ltd. Message Board

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  • stocktrader52 stocktrader52 Oct 3, 2008 12:17 PM Flag

    ITC's getting passed today in the "BAILOUT" plan,

    i hope we can atleast pop above the 14 level becauuse under it we are like dear in headlight

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    • Forget about 14's near term even with the ITC's. Like Cat indicated, when Congress passed their Bill, it was the Senate that stripped it, leaving us with very little upside.

      The shorts here seem to know it and thats why we are not seeing much of a spike in our sector.

      STP is leading the rally today and should as it's the best company in our entire sector hands down.

      RG.

      • 1 Reply to traderexpert72
      • The Senate didn't strip the House energy bill, they never took it up. This is the first time the House is taking up the senate's renewable energy bill.

        The bill that congress has before them is a good one for renewable energy. But better legislation is coming, much better. Both candidates have expressed they are for cap and trade laws. That is excellent and is something that will cause big utility scale solar installations to be built in the U.S. much more than ITC's will. Many states have banded together to initiate carbon trade laws. States are enacting feed-in laws. While it's not an overnight development, solar is growing in the U.S.

 
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