Far from a climactic selloff with huge volume but still buyers appeared in the afternoon. Maybe near the end of selling. JKS, the best of the Chinese solars. (CSIQ a close 2nd.)
Sentiment: Strong Buy
Good time to acquire shares before the next leg up.
Its certainly not the first time I've been wrong. Let's see if JASO can move solidly into the double digits and stay there. I'm hoping JASO will move higher, its been a laggard when compared to others.
You're right about past performances not guaranteeing future results. The preliminary first quarter results are impressive, especially when compared with the pullbacks for TSL and YGE. I'm hoping this will be the catalyst for JASO to breakout from its rut, to gain in multiples like the other solars have. If JASO reacts like JKS, CSIQ and the others, it could be a multiple gainer too.
Many stocks got ahead of themselves, especially solar. The pullback continues, when it'll end is the question on our minds. But when it does end solar will once again outpace the market, this we know.
Time to do some homework. Check the previous 18 months of stock price movement among the solars. Some are obviously superior than others, such as standouts SUNE, SCTY, SPWR, CSIQ and JKS. Each of these have outperformed the majority of the other solars and will continue to do so. There's a strong following for these five companies and when the pullback ends these will rebound quickly. These are your leading solar companies to follow, these are the ones to own.
JASO is different. If it wasn't for the 1-5 reverse split JASO would be less than $2 today. JASO has reported excellent earnings recently but WS was unmoved. I think JASO will rebound at some time but it may never be in the leaders group. Don't be distracted by the rantings of emotional JASO pumpers. Use rational thought to form your opinions. The following is the 18 month price spread between 10/12/2012 and that stocks recent high. Notice the stocks with the large price movements.......
SCTY... $11.79----$88.35 (SCTY early price is 16 months ago.....Dec. 13, 2012)
If JASO hadn't reverse split 1-5 then the numbers would be...
See the difference?
Yep, we're having a pullback, selloff, whatever you want to call it. At some point it'll lead to an even better buying opportunity, especially with the better solar stocks.
Quit whining about the reason for the selling, its painful but inevitable at times. Check your emotions, don't scream and holler about the 'crooks on WS'. I'll get better
Significant pullback has put these two Chinese solars in a buy zone. Strong expectations on these two, along with American based SUNE, SPWR and SCTY. Buy and hold.....
Good solar cos. (like CSIQ, SUNE, JKS, SCTY SPWR) are taking a breather for the moment. Quite a fast ride up the last 18 mos!!! These solars will continue to perform well, buy some on the pullbacks, hold them and enjoy the ride up when it continues. Lot's of $$ to be made in the future, buy quality and enjoy the rewards.
JKS, SUNE, CSIQ, SCTY, SPWR, and now TSLA are the major movers. All six are great buy and hold candidates for the long term. Check out the 52 week chart on them. All are close to 52 week highs and will continue to climb. Still a lot of money to be made in these six.
JASO still sputters along, even after a great earnings report. Not a healthy sign.
Starting to see some good values out there, especially SUNE, JKS CSIQ SPWR and SCTY. JASO maybe worth holding too, but it'll be outdistanced by the first five mentioned in the long run.
Otherwise JASO would be priced at $1.93 per share, far worse than almost any other solar out there. Except for SPWR it was another tough day for solar cos. Shakeout in progress, pick your shares wisely.
Most of the solars are now red, including the solar leaders. It happens. We've had a rapid rise the last year, so a pullback is not completely unexpected. Its painful but it won't last forever. Now is a good time to select the solars to hold through the next wave up. Lots of $$ to be made in the months to come. Good Luck in whatever stock you choose.
Healthy correction for many of the leading solars, hard to stomach but sometimes necessary. Six months from now these prices will seem like a steal.
JASO just got caught up in the sell off today, I wouldn't read anything into it other than just that. It'll rebound again but at a slower rate than some of the other solars. It seems that the recent sell offs are happening on Friday, folks don't want to hold onto their shares over the weekend. Current world turbulance will settle down, US vrs. Putin will play out peacefully. Israel vrs. Iran is the wildcard IMO.
JASO will start slowly moving up but its subject to sharp pullbacks. Wall Street hasn't been positive about JASO for some time, even with a great earnings report its upward movement was lackluster. I would look at some other solars that are doing well, such as SUNE, CSIQ, SPWR and SCTY. These four, along with JKS, have grown rapidly with high volume. Just look at the 52 week graph and see what you could have made. All of these have suffered through the recent pullback with sharp loses but look at how high they have climbed. Solar is still in the early stages and these winners will soon start moving up again, at a quicker, stronger rate than JASO will.
At the very least do some DD on these stocks and learn for yourself. Don't just listen to me and the other message board posters, both pro and con.
Everything's gonna be alright!! Quality on sale, choose carefully. Sharp sell off on SCTY, JKS, SUNE, will rebound to previous levels soon.
Smile and be happy! Lots of $$ to be made picking wisely
David, consider these stocks. SUNE is showing good strength and strong growth, it recently announced a private placement of shares with Samsung. Stock is currently trading around $21, its 52 week high and is expected to move upward. SUNE's solar projects are expected to add considerable $$ to its bottom line too.
SCTY is worth a look. With Tesla's visionary Elon Musk at the helm this stock is going places. Recent pullback may be a good time to pick up a few shares
CSIQ and JKS are better Chinese solars than JASO and they are now selling off of their 52 week highs.
Look beyond JASO for better results. At the very least check out the stocks that I've mentioned. GOOD LUCK!!!
Easy answer. The leading solars.......SUNE, SPWR, SCTY, JKS, and CSIQ...... are already rewarding their owners with a consistent and rapidly increasing stock price. These stock holders know the value of superior companies. No need to add to their knowledge or comment about these stocks on their boards.
JASO on the other hand is a dismal performer. Its a $2.50 stock (pre-reverse split) that has drawn only the interest of traders. Even the excellent earnings report brought only a small,disappointing, bump to its price. I feel the stock may start some upward movement, but it'll be less than the others. If JASO were as good as my favorite five then it would already be up there with them. As I've said before, JASO is a marginal solar stock.
I point the leaders out to show that $$ can be made by selecting the right stocks, and that everyone can benefit by owning some of these five. You don't have to be stuck with a stock like JASO when the others are just a click away. Making $$ is a pleasant experience. You don't have to be a miserable poster constantly making excuses for JASO.