ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
After the stock market’s sharp rally off the March, 2009 lows, most solar stocks stopped appreciating by that summer. For the remainder of the year, they experienced wild swings up and down in price in quick succession. In the summer of 2010, it appeared prospects had finally turned around for the better for solar stocks … Read more
Prices soared for solar stocks in September. In October, volume has soared…but prices have swung sharply downward after a very strong start to the month. In most cases, solar stocks have lost all their gains for the month and then some. This trading action is creating buying opportunities, especially where uptrends and/or critical technical support … Read more
A fresh buying opportunity may finally be unfolding in the solar sector. In Tech Trader Daily on Friday, Eric Savitz broke news that the U.S. government is launching an official investigation into alleged unfair trade and investment practices by the government of China in green technologies. Across the board, solar stocks were slammed in reaction … Read more
Canadian Solar (CSIQ): 20% Evergreen Solar (ESLR): 20% Yingli Green Energy (YGE): 14% JA Solar Holdings (JASO): 11% Trina Solar (TSL): 10% ReneSola (SOL): 9% These solar companies are the top six performing solar companies in my watchlist….not for the month or the year, but for the last TWO DAYS. While only three of the … Read more
I bet many American solar companies wish they could get the kind of government sponsorship that Chinese solar companies can get from their government. Last week, I used Cetrotherm Photovoltaic’s deals with China as the latest examples of China’s seriousness about developing capabilities in solar technology. Today’s big news from China benefits LDK Solar, one … Read more
OK, by “stealth” I really mean I have not paid close enough attention to the rallies in several solar stocks. 2010 has been a year of true divergence for solar stocks. Some solar stocks have been in year-to-date rallies and others have been declining all year. The net result is an awful -25% year-to-date performance … Read more
LDK Solar (LDK) dropped 15% today as the company announced it will issue 18.9 American Depository Receipts as part of a larger bid to remain a going concern. LDK filed a 6K with the SEC summarizing its problems with cash flow, and its plan to arrest its descent into bankruptcy. The introduction states: “We are … Read more
In a year where Chinese solar companies have generally out-performed American solar companies, LDK stands out as a laggard. LDK is down 31% for the year whereas every other major Chinese solar stock traded on the American exchanges is no worse than flat on the year. When Q-Cells announced it would terminate a supply contract … Read more
Thursday’s stock market sell-off could finally be the start of the sharp Fall correction I have speculated about in various forms for months now. The extent of the technical damage and the heavy distribution of stock certainly seem to have put a ceiling on stock prices for now. Solar stocks were heavily hit as speculative … Read more