Markets were deep in RED whole day...closing slightly above lows of the day......
Gold & Oil rallied after finding support......
Most commodity related stocks were UP.....
In my portfolio :
SOLD TLM to book a gain of 40 cents per share.....wanted to buy more SOL as it was in RED after a very strong ER...
Bought more SOL and my cost went down to $17.86....ER was very strong and guidance was above analyst consensus...Piper Jaffray repeated a BUY & $35 target...EPS for 08 is $1.43 & $2.82 for 09.....based on 09 EPS SOL is trading @ PE of 6.20.....
LDK is expected to earn $4.32 in 09 & its PE is 10.23......So SOL is trading @ a discount of 39.39% from its peer LDK ??????interesting valuation difference after both have reported their strong earning of Q2...either LDK has to come down or more likely SOL has to play CATCH UP to a level of $28.85 to be @ same PE of 10.23....will be nice $$$$$
SOL rating 15/50 target $20.85
KGC rating 100/90 target $19.39
Portfolio is SOL,KGC.....
STP reports before open...expecting it to be a BEAT & guide UP...should help all solar stocks...
HPQ reported a BEAT.....Techs higher AH.....should be positive for markets @ open !!!
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi, salim
SOL looks good.Is there any upgrade for RIMM by GS.? Target 160 dollor ??I am in .Thanxs.
Hi Ds,
Yes SOL IS looking good...Upgraded to BUY by Merril Lynch $30 target.
RIMM is selling BOLD in Canada starting tommorrow.....review is very good....US sale in Sep ....has built a nice support above $125.....
Saleem
SALEEM
SOL is starting to climb--great
any feeling on how much this baby can fly
Good luck all
Peace
Madmax,
Solar sector is getting traction NOW......So it will be PRUDENT to WAIT & see how far it will go.
SOL trend CAN take it to $28 EASY...
Saleem
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