Solar stocks continue to power forward, as well as silicon/LED plays.
A report came out today, pointing to numerous bullish bullet points for CREE. This, of course, bodes well for anyone who services the LED space. The obvious winners are RBCN, AIXG and VECO. LEDS and RVLT are also running, in sympathy.
In the solar space, CSIQ, SOL, YGE, LDK, SPWR, WFR, JASO and TSL are ridiculously hot. I told you the FSLR was a meaningful report. Too many people are short the sector, mostly for political reasons. When I mention solar, knee-jerkers say “Solyndra.” Grow up.
The solar space has been the best performing industry for 2013. By the time the fundamentals catch up with the share price, it will be too late.
Until proven otherwise, I am bullish on the space.
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Picking up a little TZA here till the end of May…slow drifting correction is lurking