after the vote, nothing will happen, yawn. Copper was up today, China fear over. Sina popped after hours will lead. Markets up big Monday, Solar, who knows, solar doesn't always follow the over markets. Corp Pension money due today or Monday which will be the US market catalyst.
in this case, no analyst is good news. Axion on SOL was looking to create bad news. No coverage means no downgrades either. The only ones I would welcome are Northland and Deutsche
I have a better one: South Korea's Hanwha Chemical picked Credit Suisse to advise on possible purchases from Dow Chemical's chloro-alkali business but its interest is still in the early stages, a Hanwha spokesman said on Wednesday.
Dow Chemical said in December it would sell the bulk of its chlorine operations as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion.
That means the next generation of solar panels must be made of or with chlorine. Hanwha is going to corner the market on chlorine. What means to you. You will have to pay a very high cost to get your white socks cleaned. Sport teams have already begun to switch to black socks.
cindy HSOL is worth more than SOL(4.14). HSOL has no analyst coverage, Credit Suisse would have to initiate, and low ball them. HSOL has a free get-out-of-jail card to 5.50
another new id. Zero cred. The shorts are defending 3.95. The second wave will crucify them.
blame it on Canada (google it). Canada and Japan are the drivers, paying more for solar than anyone else,
you have the wrong world event affecting solar. The company that defaulted is still trending, because it was the first state owned company (don't know if that is true) that was let to default. The tightening of credit and the rumor that copper is used as collateral. The collapse in the price of copper is the verifiable factor in measuring China health. As far as Russia, Obama can't do squat. Europe won't sanction because they are chicken.
Malone is offering more than what he paid to take control of SIRIl. HSOL is a lot less than what Hanwha paid, I believe. Offers to take private is also used as bait. Malone needed to stop the slide on SIRI because he already used the shares as collateral in another loan, His offer was low enough to stall the deal. Hanwha doesn't really have a need to stop a slide, however they would save millions on SEC costs by going private, then use the assets themselves to take out loans from Korean banks.
part of my reasoning for going private, was the failure of the ATM. The parent was losing their percentage ownership on the cheap. Those buying at an average of 3.20 (which implies a lot lower than 3.20 since it started north of $4) were stealing it from them (the parent).
My gut tells me that the parent is going to offer a go-private deal. There was no follow-up for their permission to buy more. That would be one explanation for S&P IQ from dropping coverage, he knows. The other reason for him dropping would be a crash-and-burn on Thursday.
there are a ton of options open for $3 and $4 with 3/22 expiration that don't seem to be running very fast to the exits.
there was a 3.31 wall of over 100k that was burned through. All the solars tanked. Yes you can have a sector sell-off. Banks sold off for no reason today as well.