ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Today has been a wild day in the financial markets, and I almost hesitate to jot down my thoughts before the close of trading. However, I will be shutting things down to get the weekend started as soon as possible, so I am writing now while thoughts remain fresh. There is no one theme I … Read more
I added ReneSola (SOL) to my solar portfolio for the first time as a speculative play based on heavy call volume at the October 7.5 strike. I do not know what those call buyers expected, but certainly today’s news is typically not conducive to bullish feelings in the next month or so: an acquisition, issuance … Read more
September has been very kind to solar stocks as most have awakened from summer doldrums and slumber to rise with the rest of the soaring stock market. This new raging fire has motivated me to get more active in trading solar stocks as well, even as it has sometimes been very difficult to keep up … Read more
Last week, I noted heavy call activity in MEMC Electronic Materials (WFR) that was notable enough to lure me into buying. Today, WFR continued its impressive recovery from an earnings warning with an 8% one-day pop giving it a 17% run since the close following warning. Briefing.com attributed today’s trading to takeover speculation. Whatever the … Read more
This past earnings season for solar companies was a general disappointment if measured by stock performance after the earnings releases although the season started with a bang when Sunpower (SPWRA) issued surprise guidance and generated a one-day, 29% pop in price. I wanted to review the conference calls of all the major, publicly traded solar … Read more