iBankCoin
Home / Tag Archives: $TSL

Tag Archives: $TSL

Follow The Sunshine

Today the weather in Detroit is a special kind of bleak where it rains all day but it’s too cold to melt the snow.  It is the magic of pure Michigan in February.  I’ve seen February days more dreary then the line outside the 36th District.  Today ranks top three dumpy days.

So what can one do to lift the spirits and remember the sun?  Exactly, bank coin in solar stocks!  The sector is on a tear today.  There’s a whole political theme behind these names, but you’re better off pulling up the price charts for these names and sticking with the biggest winner.

I’m currently long FSLR, and after getting rolled on yesterday, it appears the damage never happened.  It was fake.  Coin can continue to be banked in these names.  Don’t chase anything, as the names are volatile, but keep them on your radar this quarter as the sector is running.  Considering February is traditionally a weak month for the industry, this action suggests an unseasonably strong appetite for solar stocks.

Other names I like: TSL, SOL, JKS, and GTAT (which gets a little LED play too.  Unless LED makers abandon sapphire, which they might)

UPDATE: I stole this FSLR chart from Elizamae’s archives, note the dick guillotine:

Comments »

Why I Scale Out

Today was the quintessential example of why I scale out of stocks at logical price levels.  Check out the intraday action in TSL:

Pull up a daily chart of TSL and put your eyes on $5.75.  That’s a logical scale point.  If you want to be a chart chump like me you best learn to spot these levels and trade accordingly.  Now I still hold a 2/3 position but I’ve already booked over a 10% gain. 

I don’t love having a full size position on.  Until I get my first scale I’m looking at a potential for a big loss.  However, I know my probabilities and when to push my edge.  Now that I’ve booked a gain, I can put a stop in place and allow the market to decide whether I will get some cream or just the necessary bread and butter to be a consistently profitable trader.

Today Trina printed a huge upside shadow suggesting the presence of an aggressive–reactive seller.  It’s probably a conservative (hehehe, I kid).  I like to examine how a stock trades after such an escapade as it gives me tons of information.  Was today enough to work off the HUGE overhead supply from last year or will newly initiated buyers start hitting the exit too?

I couldn’t care less.  My job here is done.

I have to post the edited version of this song, because the video is essential:

Comments »

PEDAL TO THE METAL

I don’t think many people take me seriously.  The funny thing about a serious person is how funny you really are.  You’re living a joke of a life.  When I had a clear reading of the tea leaves this morning, I sent out the following tweet (edit: bad spelling and all):

I don’t know how many people realize this, but I always put my money where my mouth (pen/keyboard?) is. Always. If something is worth talking about, it’s worth putting your skin on the line. As for business endeavors, I firmly believe in giving 100% as anything less is lazy at best and whimsical at the absolute worst.

So I spent the remainder of the session ratcheting up my long exposure and taking my cash down to zero. Yes, I’m 100% long. I haven’t been all-in in over two years. My positions range from high quality to downright degeneracy. It is my hope that the Super Bowl stimulates obese spectators to jam their nacho covered hands into their tiny pockets to grab an inked pen and write a reminder on their arm to buy stocks on Monday.

Wow my thesis sounds really flimsy now that I write it down.

I have many positions, but I’ve placed my primary bets on TSL, SU, GS, SINA, ANGI, and VHC.

Trina, Susan, and Angie are my girls this weekend.

Trade’em well!

Comments »