Years of desensitization from a 90’s childhood playing Grand Theft Auto and Doom, watching ultra-violent movies like American History X, and witnessing the opening of the proverbial floodgates via the World Wide Web has made it very difficult to get me excited. Perhaps that is why I simply cannot get excited about solar technology. Or, just maybe, it’s because it lacks POWER.
The Italians get me excited with the eCat, but nobody has proven anything yet.
You may be asking yourself, “Why then, Raul, do we see you taking positions in solar stocks so mucho?” I could cite the momentum as a reason or I could cite our current administration, but the real answer is I just don’t know. It’s such boring technology. Remember, I live in one of the least sunny places on the planet, so I’m sure that weighs in on my bias.
FSLR whiffed on earnings, the highlight of their conference call is their ‘pipeline’ of deals, which we’re to believe they’ll close on, and a new partnership with General Electric. Cool brah, I have a pipeline of deals too, they just keep ignoring my emails (spam).
Solar just doesn’t spin the turbines yet, which brings us back to my primary 2013 thesis, LED lights. A business can invest in itself TODAY, replace all of their lighting TODAY, and reduce their electric usage by over 20 percent. The payback period on the investment is quick, one to three years. Large shop spaces with high intensity discharge lighting can save even MORE. THIS TECHNOLOGY, my friends, is a step in the right direction. AND IT MAKES SENSE TO BUSINESSES, because they’re cash flows aren’t jeopardized for ten, fifteen years. Silly solar salesmen sitting on their leads.
YGE is Chinese, so they have that going for them. And by that I mean souped up books and a Chairman that will handle any insolent workers.
Aside from being on the wrong end of the FSLR call, I traded spooz really well. I pulled out my weekly nut today, fading the down moves early on, then fading the up moves in the afternoon. It was pretty great, 5 planned trades, 0 unplanned.
I bought KWK thinking it could squeeze. It didn’t, yet. I still think it’s priced for certain death and with earnings out of the way and our Mideast Embassies closed, perhaps the energy complex could be in for a bit of summer time madness.
I eyeballed OCZ but missed adding, I’m still long. Something is about to go down in this name, I can feel it in my bones.
To think, I almost sold CREE today. I can’t belive that thought crosses my mind, ever. It’s a stupid thought. Stupid brain, always getting in my way.
I’m off to mop the floors and brood.Comments »