I’ll be back on Thursday, but I wanted to drop by and give you guys an update. Yesterday, FSLR dropped below that magic level so I purchased a few puts– i hope you did too. I also noticed strength in the shippers late in the day, and purchased a few calls in DRYS. Both trades seem to be on fire this morning.
Enough talking about the past, you can go to DT’s blog for that. Let’s make some money today, here are a few ideas:
- Shippers still look good for a bounce, try SINO
- Take a look at AMZN, a good friend of mine thinks it’s ready to bust loose.
- take a look at RACK, it’s ready to breakout
- BIG reports later this week, I’m willing to gamble on this name
- AEO reports good numbers, look for ANF to move higher.
- A few more breakouts to watch: HXM, ORCL, FUQI, TITN, STMP, NLS
- Take a look at the refiners: VLO, HOC, TSO
Thanks for stopping in.
wentshort FSLR yesterday, didn’t manage to grab DRYS before the close, I’ve been out of shipping now, was tryiing to figure out the sharp decline, but shipping has been so hot that maybe it’s just profit taking, but that said, the volume on selloff still scares me a little. I was looking at buying some today, but not sure if I’ll buy it now.
JASO looks like it might be setting up for a nice short if it doesn’t bounce here. I’m thinking a close below 21.50, or maybe closer to 21, what do you think?
STP a good long here?
I’m thinking long LDK short FSLR long STP short JASO (on breakdown) for a couple paired trades.
Enjoy your Vacation
You good!
RC, you like FUQI on this low vol dip ?
FSLR sliding towards $200.
Alpha, that makes me feel a lot better about my target of about 205. I was concerned my puts may have been too aggressive.
Have faith. It’s going lower….because it must.
No way FSLR is going to $200 this year. I exited my puts around 260 today.
Well that’s one good thing about OTM puts… you don’t have to risk as much, and can still enjoy amazing rewards if you’re right. Took profits on my shorter term puts today as well, but I’d like to ride out my longer term puts and see.
Chart looks very similar to the end of last year/start of this year, and declines have been extreme.
JASO is looking toppy also.
I think the real interesting thing is how my thesis of oil plummeting will play with this. I would think that if oil comes down, solar will also go down pretty hard, unless the reason oil goes down is because there’s a giagantic shift to alternative energy.
STP looks like it could be setting up for a move.