Markets have given enough reason to every trader/investor to look @ market AGAIN.....
New 52 wk low list shrank to only 35 on NYSE & 81 on NASDAQ.....a major departure from only few days ago....
Advancing stocks led by 2.5 to 1 on NYSE & NASDAQ....
This weekend will be a major confidence builder for market participants.
By 10AM Saturday..I will list technically Strong/weak/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Any thoughts on SOL? I'm thinking about buying some heading into earnings. Thanks Charlie
Hi Charlie,
SOL is behaving better lately...Earning estimates are coming down....
Q4 is showing flat yoy eps....
I am not enthusiastic about Solar because of credit crunch & ASP coming down.....
There is also US$ getting strong factor which will affect EPS....
All in all not a rosy picture for Q4 & Q1 for solar....
I am looking elsewhere for trading ideas...more in ETF where risk is minimal & gain optimal.
Solar stock tape has been poor for the most part....
LDK is better positioned in terms of EPS trend....
But if you feel some money can be made in SOL with earning RUNUP..try to get out before ER...
My 2 cents !!!
Saleem
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