I took Alpha’s advice and decided to clean my car instead of watching this sick tape. I could careless about the market at this minute, because the only thing that matters is the final hour of trading.
Today I fell victim of a sector downgrade as somebody decided that solar stocks should trade to zero. Nonetheless, I added to my First Solar, Inc. [[FSLR]] position @ 97.
Maybe I’m wrong to be in the space, maybe it doesn’t matter that Obama is for Solar, maybe oil trades to zero and nobody has any use for solar panels. Regardless, I’m fully prepared to take my losses like a man should I need to.
Now that I have that out of the way, the market will trade higher this week, much higher. AND, it is important that we as a community hold CAP to his words. Because a man ain’t shit without his word.
In the meantime, go clean your car and come back an hour before the close.
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Are you buying solar as a long term position or for a quick trade. These valuations are insane, even more so when you consider the Dems will own the entire government
long term time frame.
Interesting choice on solar. I may have missed the post but what’s the thought process behind solar long with the following working against it:
Declining oil (what’s the breakeven for solar tech vs oil? near 180 or 200?)
Cycle of environmental initiatives seems to be fading again as it does typically – do you expect alt energies will remain important and receive the necessary attention going forward?
Hey RC,
I have been following your blog daily for almost 10 months now — Thanks for helping me make some great trades!!!
“the market will trade higher this week, much higher” — what level/range of S&P do you reckon?
Thanks!
I think when it comes time (in a few years, if the great US and A survies) there will be a need of stimulus spending. rather than build bridges, obama will support alternative energies. it also has a feel good ring that will do well with the plebs.
alt energy is still going to be the next bubble.
once the hot air gets let back out of the dollar.
in the between time, yes its all going to zero. on sale now though, shit.