Bought Sociedad Quimica y Minera (ADR) [[SQM]] @ 22.02 (update just sold for 23.30)
Took Profits in Visa Inc. [[V]] @ 54.10
Took profits in JA Solar Holdings Co., Ltd. (ADR) [[JASO]] @ 4.80, took loss in MEMC Electronic Materials, Inc. [[WFR]] @ 16.60, but still holding First Solar, Inc. [[FSLR]] .
I’ll be back later for a full update.
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Sold SQM @ 23.30, damn that was some fast money.
AKAM looking good afterhours.
SQM… beauty!
BOOM & CHK look strong, not so much for ERTS in afterhours.
RC, can you believe ERTS down to 23.75 AH? They have $8 per share in cash, zero debt and a strong lineup of games. I believe their acquisitions will start to pay off soon. It could go to $20 if they really try to shake people out tomorrow. I’m a buyer there. BTW, great call on FSLR.
Aces, RC.
RC, quick follow up–ERTS at $23.75 would give it a market cap of just $7.5B and they have $2.68B in cash. They are projecting $5B in revs for FY09. People are freaking about the layoffs. What do they expect? That’s what happens when you make acquisitions. They bought Bioware and Pandemic for the valuable IP. Thoughts?