S&P 500 1282.43 low ..but closed @ 1293.37

S&P 500 was under intense pressure to go to 1270.05 the 52 week low...but it did NOT went there.......

So...hedge funds will try another shot @ that number on Monday......

We will WAIT to see the result of that effort & see how the close will be on Monday......

Based on everything I have seen...this TAPE IS the worst ..I have ever monitored.......

Are we close to the end of this carnage ?????

Monday close will give us a very good idea....I hope !!!!

In my portfolio :

I sold 75% of CMED because of weak tape $3 loss per share.....

Put the entire proceeds in COIN....cost $14.98...liked the way it came back with market...

My portfolio is :

CSIQ,CMED,COIN,LDK.......

CSIQ rating 25/80 target $22.83

CMED rating 75/70 target $39.07

COIN rating 25/30 rated for a "breakout" @ $16.23 with a target of $19.83

LDK rating 35/70 "breakdown confirmed @ $23.85" downside target of $17.43...IF NOT 1st UP target is $26.81......

The following are RSI rating on my stocks :

CSIQ 50.67

CMED 24.63 ( lowest I can remember...that IS the reason I kept 25%)

COIN 62.91

LDK 28.47......looked like there was "capitulation today & LDK went to new 52 week LOW"..but closed ABOVE old $22.27 new 52 week low $21.54..closed @ $22.49......"all on over 4 times average volume......

LDK has been "crushed to a level which defies any investing/trading logic...On Dec 17th LDK was @ $75.65....in 80 calendar days or roughly 58 trading days......LDK lost 71.5% of its value on beating sales & EPS in Q4 ?????

LDK is expected to earn $1.79 12/08

LDK is expected to earn $3.58 12/09

So .....LDK PE

12/08 PE 12.56

12/09 PE 6.28

CSIQ PE...closing price $20.48

12/08 $1.56

12/09 $2.47

CSIQ PE 12/08 13.13

CSIQ PE 12/09 8.29

Other solar stocks PE for comparison :

STP 12/08 $1.80 PE 18.93 12/09 $2.89 PE 11.79

SPWR 12/08 $1.54 PE 38.96 12/09 $2.92 PE 20.55

FSLR 12/08 $2.51 PE 78.41 12/09 $5.41 PE 36.38

It IS giving a clear picture...which solar stocks are "real Bargain"

10 AM Saturday....I will give a list of technically WEAK/STRONG & new buy list of stocks !!!

Have a good weekend !!!!

BLOG does NOT give buy or sell.

Saleem