Never did buy FCEL or PNNT. Did light the wood stove today for the first time this year quite a change from the 70s we've been enjoying here at the beach, finally getting some desperately needed rain today too. Thinking both PKT and MTG are at least doubles in the next year or two and will continue to trade SIFY around earnings. Be great to pick up 7 to 8k every qtr. from that little heartbreaker, it at least owes me that!
It continues to amaze me that there are always a number of posters that are quick to call others with the opposite opinion fools, when upon an examination of their reasons for arriving at their opinion one see's either a completely flawed thesis, ignorance of fact or a combination of both. I for one always welcome other opinions and never hesitate to offer them as long as they are based on FACT.
There is a saying that "a fool makes his appearance known as soon as he opens his mouth". I suggest it might be ammended to include" as soon as he makes his first post".
Glad things are good with you. Made a nice trade with SIFY around earnings, sitting on nice profit with both MTG and PKT and have fully funded my retirement portfolio with CEFs ETFs and open end Mutual Funds. Sitting on 30% cash and kind of hoping for a steep pullback to add, kind of, wont' be disappointed if we don't see one. Be well and stay warm in Vermont!
And how about the institutions that own 86% with buyers outnumbering sellers are they stupid? Ownership is increasing not shrinking. PKT has and is deploying their capital, your memory is as poor as your ability to comprehend the written word.
bronk while I don't disagree with your statement that some institutions are short I do disagree with your suggestion that they are the same institutions that are long. It is more plausible to me that it is a contrarian move by some that obviously disagree with our enthusiastic optomism. Obviously with hindsight it was a mistake to ignore or try to rationalise their position eighteen months or so ago, an expensive mistake, but at this point the evidence suggests to me that they are wrong, and at some time in the future they are going to pay the price as we all do when ultimately our thesis fails. I'm still thinking their exit will boost our returns just as their presence aided the velocity of our drop in the past year.
Thanks for the heads up. Are you aware that short interest is up tenfold this year from 250 k to 2.5m? Also although there is some Institutional ownership at 17%, it's been shrinking with significantly more sellers than buyers, both these situations should be cause for concern. Are you aware of any pending events on the horizon that might cause a change in this negativity?
My only foray into the solar industry was FSLR bought 11/06 and sold 12/07 a 10 bagger+. I have no knowledge of RSOL and currently have no interest in that industry too many players competing with the chinese will crush margins ultimately in my opinion.That said FSLR made a nice move for you this year so good luck to you and I hope it works.
The slow down in BRIC countries is old news our growth will come from the US, Europe and rest of Asia and Latin America and maybe and there are other opportunities in the frontier markets.
I'm not , I sold out in 2011 but I trade around earnings. A 40% return in a few weeks several times a year adds up nicely.
generalneville. He owns nearly ALL the shares now, re read my post, you're still missing the point. He can and will buy the remaining shares he does not own. He ends up OWNING THE WHOLE COMPANY, why pass up an additional $180m or more? He pockets it ALL, why would he care if he buys back his own ADRs at a loss, great tax write off here in the US and at say $10 a share he banks $1.79 billion a profit of over $1.5 billion India. Only a complete idiot would care about a $110m paper loss in the U.S. and he sure isn't an idiot whatever else he may be.
Patience is the investors best friend, the stock is up 65% since I bought this spring not into long term gains yet. I will keep it at least a year minimum and maybe box in my position prior to earnings.
Agreed dav100us plus Institutional ownership is 97%, massively bullish. Shorting is often used to box in a position by an investor to profit from volatility.
Gold went up in the 70s from 32 an ounce to 850 because of high inflation. With all the liquidity pumped into the economy the last few years inflation will return and gold will again rise in value. Buying small amounts in weakness over the next few years would be a prudent hedge for the future.