LDK EPS did NOT beat and guidance of EPS is also in-line......
This certainly is NOT what I was expecting from LDK ER.....
LDK beat on Sales and also guided higher on Sales for Q4......
LDK is facing higher cost...thus putting pressure on margin.....
My portfolio remained the same:
AAPL,BIDU,LDK,RIMM,SOLF......
My portfolio was down .8% thanks to LDK which closed down $3.89......taking further beating in AH down another......$4.80 to $61.35.....total down so far....$8.69
ORCL had good ER...... which should help tech on thursday.......
AH most of the strong techs are higher......
RIMM reports AH......guidance will be the key........
Tomorrow muslims are celeberating "EID" which is like thanksgiving.....so I will be out whole day first for prayer then meeting friends.......
I will make an attempt to post 730 PM recap......
Please continue doing your own due diligence and find your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
26 comments:
Hi Saleem,
I wish you and your family Happy EID.
Nothing is more important than being with the loved ones and staying safe and healthy.
Peace.
saleem, so are you selling or keeping LDK?
Hi Rimm,
Thanks for your message of EID.
Saleem
Hi Troy,
I have NOT decided what to do with LDK yet.
I am NOT happy....
Will see if analyst will suport LDK in pre-market....then I will take it from there.....
Saleem
Saleem, thanks for the reply... but, even with improved guidance and many contracts, do you think LDK is in trouble?
Hi Troy,
No LDK is NOT in trouble @ all.
It is more about LDK stock price for next few days or week......
AH tape is telling me that some analyst are NOT happy and they were selling.
I do NOT know where LDK support is based on AH reaction....
My reaction is based on traders point of view...for long term holders...AH means very little.
Saleem
Hi Saleem. LDK earnings were great. LDK gave an update on Q3 just last month. They knew the earnings at that time, so if they beat the eps they would have had to be lying. The CC was very positive as well. LDK is growing faster than FSLR, has eps higher than FLSR, and is under 1/2 the market cap. This disparity will correct. I think there was a coordinated short attack just before close to bring the price down and it continued in AH. i believe we take a hit tomorrow, but by jan 1 we are at new highs.
Hi Minaccess,
For me Q4 EPS is the issue....
Generally market cares about forward guidance.
Yes I agree that by Jan 11 we will get traction again...this will give 2 full week for LDK to find support.....
Saleem
For your information Saleem and all LKD holders:
The following was on a Yahoo Finance message.
"I have just went through 100 pages on AH trading activity on Nasdaq and here is what I have found.
-There was only one 10000 trade purchase/sell order!
-Probably about 90% was 100-200 share purchases/sell orders!"
I (Bruce) also went to NASDAQ website and statrted doing the same analysis but I did not have the patience this person had...but for the pages of trades I reviewed I concur with him/her.
I know one of the trades was mine. I purchased an additional 400 shares at 62.50. Reason I bought more:
1. A chance to buy before another run-up.
2. As the CEO from Cypress Semi said last night on Fast Money...solar demand far execeeds supply at this time.
Hi Saleem. Q4 guidance was great with revs at 180-185 and eps 40-43. Revs far exceeded their previous guidance and analysts guidance. Again, they just gave Q4 guidance a few weeks back and this is an upward revision. LDK is still the best value in solar. We may have some pain ahead tomorrow, but I think it will be short lived.
For what it's worth, ludlowchina issued an upgrade in price target to 90-100/share for 2008. http://www.ludlowchina.com/news/ldk.html It is on their recommendation list.
Saleem bhai,
Eid Mubarak
Hi Bruce & Minaccess,
Thank you for your take on LDK & your firm analysis and Bruce subsequent purchase AH.
Ludlow target of $90-$100 is good for LDK future tape.
Saleem
Hi Jack,
Thanks for EID message.
Saleem
LDK and analyst. Ludlow 90-100 maintains recommendation list. UBS maintains buy and $71 target. Piper downgrades to neutral/sell with targt $34.50. LDK down 12% in germany (if yahoo is right). i am holding. I predict a ga[ down, fill the last gap and ends near high of day.
SALEEM
Please have a happy health EID
Please share with me what the holiday is all about??
IMHO, LDK should come out OK and climb higher.
I am more coincerned about RIMM.
I have a big position average price around $120.00
Apprecite your thoughts
Again, have a fantastic EID
Madmax
Madmax,
I personally sold my RIMM position at a loss for $100 per share (cost $114). I was concerned also. Part of my concern was when I recently went to the ATT store to replace my daughter's phone. I noticed the Blackberrys were shown in section along with various other phones that both looked like and had many of the same features as the Blackberry. We decideded on the Blackjack (Samsung) which was less expensive and had the same features. Plus, the sales person explained it was more durable. I am afraid the Blackberry is now like any other phone vs something "special." In my opinion, the I-phone is the only phone that is unique at this time. Disclosure - I am a APPL stockholder
Needham just raised price target on LDK from $65 to $95. How can piper have a $35 target and Needham have a $95?
BRUCE:
Good DAY sir!
MINACCESS: Hello!
RIMM is a big concern here! Bulast night the CNBC talking heads loved it to pieces, Said htat Europe and China would be a huge earni9ngs play for RIMM. I just hate to sit on a stock for a lot of months, for action to start.
I do like GS at $204. THey are the best of breed and a great buy at this price.
A concern I have about LDK is all the uncertanity, however, that is what could propell LDK in either direction. It is a crap shoot at this point. I am thinking that if you have a profit take it and buy it back if it drops real low again.
Just my .02 cents
Madmax
Wow, what a carnage on LDK...
What are you guys doing, still holding..!!
To all LDK holders:
I am holding. It's not fun to watch but in my opinion, it's stupid to sell at this point. As you can see by the tape there are many stupid people panic selling this morning.
If you really need the money this week, I guess you'll have to sell.
Soon, it will be heading back up, as it is a growing business in the right sector. Just my opinion. Everyone needs to do what they have to do.
To the LDK holders (me):
*!#^%$*)($@#!!!
OUCH!!!!!!!!!!!!!!...for now.
Brutal! My portfolio down 12% in two days. Better days are ahead.
Congrats on RIMM Saleem. We got ourselves a winner!!! LOL. Best wishes. Doug...
Saleem and bruce and others,
are you guys still holding LDK... What do you guys think of tomorrow... will it stop sliding or goes up from here?
Hi everyone. I think my last message was not published. I set a stop on LDK at $52, never believing it would trigger. Boy was I wrong. I have never lost so much cash in one day, altough I still made money on LDK. I am in disbelief. Piper, Goldman, Lazard all with negative notes on not believing in managements future plans. I truly do not know where it goes from here. Peace.
Troy and other LDK holders,
I am still holding LDK.
My opinion....short-term (less than30 days)not sure probably up and down and all around. Long term (+30 days - 180 days)...it hard to believe it will not recover significantly from it current low level.
I guess the "sell" decision will depend upon (1) your time frame. When do you need the $$; and (2) how you feel about the opportunity cost of holding LDK when their may be a better short-term use of the money tied up in LDK.
Decisions, decisions..no one said the market was easy! Just ask me.
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