ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
A funny thing happened after I declared the “fun is done” in solar stocks: Suntech Power Holdings (STP) pre-announced higher than expected revenues and financial results for its fourth quarter, and SunPower Corporation (SPWR) reported earnings that gave solar traders and investors fresh hope. At one point, SPWR broke out from a nice consolidation above … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 15, 2012. Click here to read the entire piece.) I hope my fellow solar enthusiasts enjoyed 2012’s solar run while it lasted. Solar stocks went on a tear to start the new year, but now the fun is done. Reality … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 28, 2011. Click here to read the entire piece.) In “5 stocks for the solar surge“, Jim Jubiak at MSN Money lays out some interesting groundrules for taking advantage of the downturn in solar to buy companies on the cheap. … Read more
(This is an excerpt from an EXTENSIVE article I published on Seeking Alpha. Click here to read the entire piece.) Just when you thought solar earnings could not disappoint the market any further…{snip}…LDK provided a pre-announcement that contained the news that the company canceled a debt offering because interest rates are higher than expected. This … Read more
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
It has been a very long time since a stock blindsided me, but the sting is no less powerful! Yesterday, SunPower (SPWR) dropped the AA-bomb – audit and accounting, announcing that: “…based upon an internal review of its Philippine manufacturing operations, the company believes there may have been unsubstantiated accounting entries made in the first … 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
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