LDK news is awesome 1 billion line of credit secured
Now their is absolutely no reason for me to keep my last 10% OF STP, WILL SELL IT TOMORROW AND DO A SPLIT IN LDK AND SPWRA
NEXT PAYDAY WILL PICK STP UP AT 12 OR UNDER.
YOU WILL SEE A STAMPEDE OF MONEY FLOWING OUT OF SUNTECH AND back into LDK where it belongs.
And the hedge funds and mutual funds and day traders will all do the same.
A worry about how long they could last money wise was all that held back the big block buyers and day traders. Tomorrow they will show up with momentum we have not seen in solars since the last big wave.
Institutions are only in LDK 21%, that number I predict will be over 50% by fridays close.
SPWRA will soon move up 5 clicks each day as that stock is 92% owned by institutions.
STP because of the smart peole switching out of stp and hedge funds and institutions doing the same means that will now go down to 25% institution ownership or STP.
You will even see some FSLR selling so they can jump into LDK in a hurry.
STP is a good company, stock belongs at 12 though, LDK is a better trade here, any trader will prove this correct tomorrow.
Look for a gap up in LDK and SPWRA but LDK for sure.