I don’t mention stocks under $5, but take a look at [[CPST]]
NOEC: Long Idea
Find a name, and stick with it.
Today’s action in solar is a perfect example of why you need to find a name in the space, and build a position. Many will argue that the solars are done, but i disagree.
Solar stocks tend to correlate with the price of oil, but with oil breaking out to new highs many names have yet to follow. In my opinion, they have some catching up to do. With driving & hurricane season right around the corner, do you really expect oil to fall significantly lower?
I happen to be building a position in [[STP]] and will continue to add if the price falls lower.
In short, stick with a name you like, buy on weakness, and enjoy the next move higher.
Hope you caught the move today.
[[CSIQ]] [[JASO]] [[YGE]] [[SPWR]] [[ASTI]] [[FSLR]] [[ESLR]] Comments »Afternoon Links
Solar in Play
[[CSIQ]] reports a nice quarter, look for the group to move
I picked up [[SOL]] this morning @ 10.05, and put a stop right below the 52-week low, 9.75.
Update: Out @ 10.36
Again, here are my favorites.
Off topic note: [[MRVL]] should be bought ahead of their report, and [[SHLD]] is a small bag of garbage.
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