iBankCoin
Home / RaginCajun (page 1208)

RaginCajun

Final Four Update:

Wow, I did not expect such a quick response to the contest. I’m curious to know if some of the names are made up, as people try to enter two stock picks. I will leave registration open for 2 more days with Financial bloggers getting first dibs to the tournament. After that, it’s on a first come first serve basis.

Update: Contest will start next Monday!

Comments »

Sunburned

When you play with fire/solar you get burned.

In the past, I played these solar burrito stocks like a “space alien magician,” banking crazy amounts of coin. Well today Suntech power struck back with ultraviolent rays.

What was I thinking?

I wanted to build a position in the space, and I planned to do it with [[STP]] (based on fundamentals). So i decided to put half my position on before earnings, and add the rest after the report. I thought if they missed the stock would fall 2-5 points, I was wrong! Most of these stocks move in integer increments anyway, but I thought Suntech was solid, and if anything, buying on weak report would benefit me. What I did not expect, was the the extreme soft guidance.

I did buy more around $35, but with the numbers going forward, I’m hesitant to build a position.

By far the best name in the space is [[FSLR]], if you decided you need a tan.

Comments »

Update:

It may be true that we are up nearly 100 points, but in my opinion, the market looks terrible.

In the past I have used [[GOOG]] [[AAPL]] & [[XLF]] as a way to gauge the market, and as you can see, it does not look impressive. To me, the market looks unhealthy, and may be ready for another move lower.

It helps to have a few shorts.

Comments »