look at all the negative articles,look at what other china solar companies reported and where they are at today.this sector is a big short,but yet they reported record earnings.who or what is behind all this negativity?
fear is a better way to make money now in the stock market. all the hedge funds. After they got rid of up tick rule. it is just much easier to sell and short to make money. If you have big money, you can manipulate stock price. Why, too many people are on margin, will be forced to sell and too many people are short term, believing in 7% taking losses, and no one is long term. The short has upper hand, because the average holding time of stock by the public is less than 1 year now, vs. 4 years before. Guy, don't blame the short, blame the long who does not want to stay long and run from their position as soon as the price fall. thank you all.
All chinese ADRs are being shorted. The entire stock market was shorted by hedge fund for last 10 years. Shorts have more money than any one and there is no one doing long term investment now which is why shorts are winning. Every one is trading and no one holds long term, which is why shorts have been winning hands down.
Excellent summary of what is going on in the US markets in the last 10 years. Hedge fund and big instutitions are raping the average investor who is only allowed to go long through their 401K. Trillions of dollars have been transfered from average investors, middle class Americans, to hedge funds. The market is definitely rigged. But it is a very strong sign of bad things to come for America as even the American financial institutions have no faith in US companies and markets. Future is extremely bleak.
Baidu is internet stock. winner takes all, that is the way like Google. it is growing fast, in terms of revenue and no serious competition. It is the google in China. I do a lot of chinese search on baidu now. It is not as good as google yet, but if there is no other competition and their business keeps growing like google, then that got reflected in stock. Goole kind of pulled out of china. When Goole got into trouble with Chinese government, Baidu stock just took off. Google took a big beating because of that. went down below $500
Good point. Solar revenue records being broken the last couple of years and will probably continue to be broken for the next few years. Not sure what is going on but wish the SEC would pass some sort of regulation of these analysts and hold them accountable.
folks, there is this First Amendment. Constitutional protection. Analyst get to express any of their idiot opinion and no one get to regulate them. It is public's problem to follow them. I don't. that is that. i usually go the opposite way. You buy a stock analyst say sell, and you sell the stock or short the stock when analyst say to buy. That is the secret of being successful in trading.
Its the sector in general not just Chinese solars. Look at SPWRA - they crushed earnings 2 weeks ago and shot up to over $19/share. Now its trading at $15.75, below where it was before earnings.
"Its the sector in general"
FSLR: 18 x Eps_ttm
TSL: 6 x Eps_ttm
STP: 7 x - 5 x
YGE: 6,5 x - 5 x
TSL: 5,8 x - 5 x
It's only Hartred
Welcome to the Hell
10 x Expected Earning (2011)
from p/e point of view, FSLR and Spwra is much higher than chinese solar. Look at WFR. folks. it certainly depress the entire sector, when italy was talking about capping incentive and there is uncertainty in Germany and other countries. But Chinese stock especially has much lower p/e, STP is selling well below book now after that $2 extra they earned this quarter from their partner. it is a joke. The only company you can find selling below book is ener, which is losing money with higher cost structure and had to rely upon U.S. government subsidy to survive.