iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,534 Blog Posts

SOLARS ARE NOT CREE

It doesn’t take a genius to realize that solar companies offer the same promise as CREE: a reduced dependency on the electrical grid.  But pull out a 2013 chart of CREE and compare it to your favorite solar issuance.  Actually no, I’ll do it for you.

Behold!  Greatness, smooth and non-porous…vs…bleep,blop,bloop:

CREEFSLR

Better yet, let’s get visualized via a performance chart, shall we?

PERFCHART

NOTICE ANYTHING?  I do, CREE besting the competition and doing so in a smooth, methodical manner.  But wait, who is that little shining star, outperforming on the year ever so boldly?

Indeed it is ENPH.  And I’m fully over sized into ENPH, sitting though a melt down of sorts.  If I had it my way, I’d be buying more I bought more here because ENPH is a winner this year, don’t let anyone tell you otherwise.  I implore PPT subscribers to dial this ticker into your machines and observe the statistics.

It’s hot.  All other solar exposure is a crappy crap shoot, trust.  Look at March and April weakness across the board on the performance chart, who didn’t care?  CREE and ENPH.

Think

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6 comments

  1. David

    So did you dump FSLR, or still hold thinking 52.5? Thanks Raul.

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    • Raul3

      I’m still holding FSLR, it’s testing the neckline of an inverted HnS right here, which, if we see a bounce would confirm the setup very nicely.

      I’m just more impressed by CREE and ENPH

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  2. TheHarper

    $ENPH is the only solar stock that is rated a strong at BAML. They think this has a niche that can’t be done elsewhere. $13.50 target. Either you and I are playing In scrooge mcducks vault this year or panhandling on Fulton st. …my preference is the former.

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    • Raul

      Talking chart, it went very overbought a few months back, and it’s spending some time digesting that move.

      ZNGA on the other hand, is just coming to life, and I want shares ASAP because this move looks like it wants to come sooner than later.

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  3. Raul

    EXK looks ready for the revision trade here, trigger above $3.75, target 1 is $4 (6.7% gain), target 2 is ~$4.50 (20% gain), then you just let the final piece ride and see if the big bankers want to turn this thing around.

    It’s a great trade that should be on everyone’s radar.

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