I’m not having a great day. It’s sort of ordinary. I felt I deserved a ‘gluttonous, joyous, stock market day,’ but apparently the stock Gods felt otherwise. I am up around 0.8%, held back by the likes of RUBI and AG. Most of my positions are higher; but it doesn’t feel sustainable. The summer malaise is kicking in. I have to say, this isn’t the ideal trading scenario for me–but I will try to make the best of it.
I really, really wanted to buy PEIX. I missed it.
I wanted to buy LEJU and TEDU back. Those went higher today too.
As of right now, my #1 high conviction trade is TSL. Do you know why? Of course you don’t, otherwise you would’t be reading this.
The Obama administration is wrong for wanting to levy duties against Chinese solar companies. The WTO just ruled against us and said it was illegal. Obama is a servant to the international court and will obey. That’s my play. Plus anyway, starting a trade war with China is ridiculous and the stock is dirt cheap.
That being said, I have a problem holding onto stocks for more than a month, so I’ll likely be out at the first sign of greed. But this stock should continue to work all year ’round. Other chinese solar plays, like YGE, look good too.
That’s what I’m doing pal. What are you doing?