Well said. You've noticed this too? It's usually on Fridays, but this one was on Thursday. No news in the sector (until FSLR and SPWR after-hours), but yea, another (what I call) a major sell-off. But the opportunity presented itself, so I add a little more. If history repeats itself, we'll be back up on Monday, Tues, and Wed next week.
Go figure. I'm sure there's an article or non-named brokerage downgrade floating around out there somewhere. I'm not frettin it though. Everything I see coming across the wires these days points to solar as coming strong--and I don't care if it's subsidized or not--as long they're getting paid by someone! Earnings period is coming up soon, and I can't wait. China is coming on strong, and there's been so much talk of climate change these days (with humans being the blame), that I feel confident in my positions. Oil is rebounding nicely as well, with lots of positive talk there too; which should only help solar, even thought the two are really not linked.
Don't sweat the profit-taking. Solar is one of the few areas of the economy that's actually showing substantial growth. Look at Amazon today. Rewarded with a 14% bounce because finally, after decades, they'll probably post a profit...next quarter. Solar is way-undervalued!
Twice now, they've released statements saying WTI was headed to $35. I'm guessing those statements reflect their position, and I hope their eating they're words!! I expect another statement in the coming day or so to see if they can stop the recovery, seeing how their short position is losing big time right now!