Back in late November we recommended getting long STP in a basket of three Tier One Chinese solar players - STP, YGE, TSL. Yesterday, they closed up 83%, 67% and 55% respectively. Time to take some profits. For fuller discussion -
I prefer putting in a stop.. STP support from Chinese govt provides support... up this big if one got it at much lower...look at long term chart...this thing has more legs...IMO...good luck all...if it hits my stop I make money...if it doesnt I make money...why sell with support in the 4 range...? may bounce off 3.9..range...or lower....but it biggest panel maker out there..my stop sell is 39% below the market ...I ignore and will look at it again in couple years
We recommended getting long STP late last November after solar stocks had been crushed. Since our recommendation STP is now up 83% (at last night's close) Hence our recommendation to take some profits.