Long Dim Sum, Short Solar

First, I would like to congratulate Zen Hunter on his interim tabbed status.

Now, you may reference my previous post here, and note that I alerted you all to the downward move in solar yesterday, and early this morning. I got up early this morning, before the open, to see if I could get shares, and I did. I am now short– besides STP — LDK, TSL, and JASO. Don’t worry, you didn’t miss the boat, this thing only looks to get uglier as the Chinese Solar “house of cards” continues to fall apart.

Would you care to join me for some Shu Mai and Jasmine Tea?

Charts here

11 Responses to “Long Dim Sum, Short Solar”

Granpa
March 11, 2013 at 4:17 pm

Any thought on SLH?
Thanks.
- Rhino
  March 11, 2013 at 4:23 pm
  
  I really don’t know much about them, but from a quick glance, I would not want to be long.
drbigboss
March 11, 2013 at 4:25 pm

chinese government has come out publicly and said they won’t support these idiots anymore, and they are showing that with the nationalization and bankrtupcy of STP. Once STP implodes I wouldn’t be surprised at all to see it affect the whole sector.
- Rhino
  March 11, 2013 at 4:28 pm
  
  Just getting smashed today. I believe TSL has even worse debt issues.
  - drbigboss
    March 11, 2013 at 6:42 pm
    
    hahah…. it’s pretty hard to pick the worst chinese solar short as they’re all so bad but STP is literally in bankruptcy being nationalized right now it appears so it doesn’t get much worst than that! TSL’s “off balance” sheet liabilities are pretty shocking though
    
    http://www.bloomberg.com/news/2013-03-11/suntech-says-holders-agree-not-to-exercise-right-until-may-15.html
Granpa
March 11, 2013 at 4:33 pm

Thanks big guy. I did mean as a short. Looks stretched and liking the doji on the daily from Friday at the top of the BB.
- Rhino
  March 11, 2013 at 4:35 pm
  
  If it can take out $55, there is pretty much no support below that,
drbigboss
March 13, 2013 at 8:27 pm

epic call!
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