Oil is exerting pressure again on markets ..as oil went for another record high price....
Techs are trying to go green ...but it is being pushed into red along with other indices.....
In my portfolio :
Sold PMCS ..booked a gain of 52 cents per share.....
Bought 34% more SOL cost went up to $17.81...
My portfolio is RIMM,SOL,TSO,TOL....
RIMM UP 39 cents
SOL down 67 cents
TSO down 16 cents
TOL down 39 cents
@ 11.40 AM the following are green :
MA,V,NYX,PMCS,NTES,WFR,POT,TKC,VIP,JRCC,
BIDU,VLO,DRYS,GOOG,FWLT,FSLR,ISRG,HPQ,
CMED,SINA,X,FFIV......
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem, you have SOL fix...
Hi Troy,
Yes....SOL is good for my soul.
Saleem
SALEEM
Congradualtions on PMCS profits
GREAT
Why not some V or CISCO or NYX.
Just kidding I am looking hard at SOL, too.
Good Luck to all
M
Hi Madmax,
Great question about why NOT CSCO,V or NYX.....
Whenever i buy something...I always think of which stock has GREATER chance of giving me money by end of the day or next day on a relative basis.
So.... I have to lok @ RSI or how much move stocks have made already & how much there is more to go....it is NOT a science but a mix of art & science.....with that i have accuracy of 70%.....30% I get out @ the first chance when I am proven WRONG.....
Also...where can I optimize my $...as we cannot buy all stocks!!!
My 2 cents worth!!!
Saleem
SALEEM
Some MSN news on SOL, by Motley Fool:
advances that solar stocks have made in the past few years, some companies have floated to the top like cream on milk and are on their way to becoming household names. First Solar (Nasdaq: FSLR), Suntech Power (NYSE: STP), and SunPower are just a few of the more common ones out there.
ReneSola may end up becoming one of them, too. Amid the resurgence of a number of solar names, this Chinese solar wafer manufacturing giant is making a comeback bid after a U.S. IPO earlier this year that was generally considered a flop. Mark it down to poor timing. Had it offered last year when solar stocks were blazing hot -- the names above all doubled in price last year -- ReneSola might have caught fire, too. But it came onto the U.S. markets at a time when profits were being taken from solar stocks and the markets were more jittery than usual. It offered at $13 a share and fell as low as almost $7 a stub in the ensuing weeks.
Yet a series of manufacturing agreements, as well as guidance that calls for an increase in production to 310-320 megawatts from 300 megawatts, makes this low-cost wafer manufacturer with long-term supply agreements a possible sizzler in the future.
Investors like CAPS player tayfur see ReneSola, as the supplier to the panel manufacturers, winning regardless of which other solar companies succeed:
With alternative energy solutions being aggressively sought due to the continuing painful rise in oil prices, [ReneSola] has an advantage of a low price advantage in its manufacturing process. Being a supplier of wafers to the solar panel industry, it succeeds regardless of the eventual winner in the solar panel manufacturing competition. To top it off, It just signed 6 year contracts to supply its customers with its wafers, ensuring a future revenue stream.
Even investors like synergize, who found ReneSola on the basis of technical models, like some of the fundamental underpinnings of this solar supplier:
The stock hit its second bottom last 3/20/2008 at near $7 and since then it's been up and actually doubled. It closed at $15.30 yesterday 4/17/2008. Its first bottom was last 3/10/2008. I thought that this was a double bottom or "W" formation which is a bullish indicator. Yesterday, it announced that the company is increasing its previously issued full year production output and revenue guidance for 2008... I actually picked this stock solely for technical reasons before I found out the news. So I felt very good with my pick.
Hi Madmax,
Thanks for your read on SOL by IBD & Motley.
Saleem
Guys, check this V details out, and it will prompt you to buy or add more...
http://www.sec.gov/Archives/edgar/data/1403161/000119312508060989/g91849g23e67.jpg
Hi Troy,
Yes V edgar info is very impressive for 2012 projection....
The question is where is a good entry point......
I need to figure this out...
Saleem
Hi, salim ?
Is there anything wrong with SOLF ?It looks like somebody shorting .
thanxs.
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