you and me both.. I played SPWR and SOL.. sold out of SPWR and held SOL.. let a BIG PROFIT turn into a small profit.. Linda Raschke said 4 things can happen to you in the markets small win - small loss, big win - big loss.. you have to eliminate the BIG LOSS.. in the end it is a numbers game.. I cashed in on SOL at least with some profits.. I might trade SPWR but I really do not like Solar at much right now.. it was up too big 2013 on not really good fundamentals.. actually there are not many stocks I like.. from a value play PBR that's it and it is getting clobbered.. oh well cash is good.. I gave back 1/8 of my year profits this week maybe that is a sign.. maybe it is time to count the chickens.. on the sidelines!!
bought in the $4's after I sold LVS.. sold out this week $35.90 as I feel the Macau euphoria and fed feed rally are running out of gas.. thought I punked out but $4 to $35 is good.. I have been through 2 nasty Bear Market bubbles and many corrections.. I am modestly set.. if it pullsback I will scale back in other wise good luck to you.. this stock was very very good to me and Grrft..
no I am out of Solar completely.. made good money and do not see value here.. if I short it will be ETF's SDS and QID.. if I were to short Solar it would be CSIQ or JKS.. other than that I will stay 75% cash and wait for a real pullback in solid franchise stocks with EARNINGS and growth momentum.. too many high fliers that will have some support when a sell-off comes..
Now answer this one.. do you think with the all the Satelite and Electronic Technology Credit Suisse did not know that the Poly Plant was shut down? if their analysts were that good they would have warned you to sell before the report.. but what they did was sell out of their position and were short.. the price target $3 was where they are covering.. that is the way they play!!!
Chinese Solar was left for dead 2012 when Wall Street pumped these stocks back up.. most still have huge debt and no profits.. huge supplies and the politics are still a mess.. the year 2013 rally was a gift.. today SOL hit $2's and YGE $4's.. I still have no idea how they rallied CSIQ to $30? I also think the top for stocks like YELP P Z are in.. the big money has left the building as usual and left the little guy holding on to stock with dreams and hope.. this stock will never go back to $6 as I suspect the new negative Chinese Solar will put the nail in the coffin for good.. single digits from here to eternity.. and some will end up like STP.. I was +43k on SOL and left the building +15k.. bought SPWR $4 sold $22 months ago with bank.. that was my biggest bet SPWR.. Solar was hot this year and I do not believe you will see another rally like it again.. this was the 2nd Solar rally and this was a Bear Market rally.. this week I had 2 stocks taken to the cleaners on down gaps and it will not surprise me if more is in store for the market.. trees do not grow to the sky and it was a great year and a great run from the 2008 crisis sell-off.. I do not see a crash but a correction is long over due.. it has been a long time since the panic fear down gap market.. the summer is over and it is time for winter... G
cannot go away.. rate hike and earnings were raised.. I just think wall street is flexing their muscle and trying to make PBR conform to their ways.. yeah right.. the creators of the mortgage crisis and credit defaults.. they need to do what Argentina did.. kick everyone out.. lol.. this was a bad week for PBR I'll say.. no rate hike they sell off.. rate hike they sell off. they should tell wall street f off.
they have been saying that for the last 8 quarters and all the do is negative surprises.. on stink bomb after another.. I can't believe you still believe in this POS management company?
volume will top yesterday's 12M.. testing the lows of the day $3.02.. terrible 2 days for SOLdierboy.. longs have lost 50% value since Oct.. I just do not see it coming back ever.. credit suisse said to sell and write it off as a lesson learned..
wait until the Fed stops the gravy train.. economy is doing fine for the wealthy and the poor ( who get all the welfare tax freebies ).. the middle class has been s uc ki ng it up bigtime..
and then it is finished caput.. .. I'm thinking around $3.30.. and then it is in the $2's.. then the $1's.. SOL lost all credibilty.. they will never turn a profit.. not one dollar.. not one yuan.. no more secondaries.. no downstream.. no poly.. the company is finished.. say bye bye.. and LDK YGE is right there with them..
they like to hit their price targets the same day too.. now if that aint good what is? did they same to PBR this week $14 price target with sell rating.. gapped down that day and hit it.. lucky #$%$..
should make some cash.. capitulation sell off.. good luck on it.. but the I do not see $4 for a long time if ever.. company is bleeding bigtime
TSL and JKS off the bottoms.. SOL should rally soon.. lots of volume but where from here? in the $3's for a long time.. could drift in the $2's.. its solar dude!!!