My solar index was +18% yesterday and up even more this morning, with a wide array of names up more than 50% for the day. I kicked out of a 100,000 SOL purchased yesterday for a cool 20% gain. Had I held onto it for another 10 minutes, the gain would’ve been 45%. If I still held it now, the gain would only be 7%.
These stocks are coming in hard off their highs. I would not bottom fish them today. Many of them are overdue a 20% beat down.
Seek risk elsewhere.
I followed The Devil and bought a little MCP, only 10,000 shares. I will hold it for a week.
Other than that, I am waiting for my shipping stock, FRO, to explode to the upside. I am long 1.1 million shares and know, without a doubt, the stock will be heading higher over the intermediate term.
In summary, risk is coming off the table now and it’s a glass of nitroglycerin. Do not try to catch it.
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Followed you on all. Out YGE +30%. In Fro and MCP. thanks for the killing!