Afternoon Links

Note: Don’t forget about [[CHNR]]. The stock has a low float with potiential to explode higher, especally with tonight’s headline, “Asian markets advanced Monday, as resource stocks rallied on higher commodity prices.“

Take a look at this triangle. It’s almost a big as my fiance’s engagement ring:

Disclaimer: Heavy long CHNR

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People Are Rich(er), Where I Live

Sun Apr 6, 2008 8:03pm EST 3

We have oil, and lots of it.

The city I live in was built on oil, just about everybody I know works for an energy company. 401K are ripping as many independent oil and gas companies are hitting new highs everyday.

People cheer when gas price move higher, they love to see natural gas in double digits, they threw parties when oil hit $100, it’s quite unreal actually. Matter of fact, our economy is the exact opposite of yours.

Here are a few local picks:

Prior post, banking coin in Louisiana

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First Solar Thought

Fri Apr 4, 2008 9:25pm EST 10

I hear a lot of talk about shorting solar, and that the moves are unsustainable. This may be true for a few of the names, but I believe [[FSLR]] is a beast of its own.

Why is it when FSLR catches a huge move everyone is ready to short it? Why not embrace it? I’m not here to say FSLR will hit $1000, but I do think it has more room to run.

The company is predicted to have over 100% growth for 2009. With that kind of growth it’s reasonable to pay up for the stock.

The current P/E is around 140, which in my opinion is reasonable given the growth rate, and looking at next year’s numbers the company is expected to earn $5.05/share.

Lets do a few calculations:

Current multiple of 140 X 5.05 = price target of $703.34

Egregious! Let’s use a multiple of 100:

100 X 5.05 = $505

Looking at this calculation, it’s not unreasonable to say [[FSLR]] could double from here.

Note: Check out this ETF, [[QCLN]]

Top five holdings in QCLN: