Solar stocks announcing secondary placements left and right, and the stocks just keep going up.
Even with FSLR CEO selling shares, I think its one of the best long term plays in solar.
I gave in and bought a little some today. Was waiting for it to come back a little, but it just doesn't come close to 100 anymore. To protect this just in case sold Aug 120 calls at 5+
They are posting earnings July 31, I think the stock will run into them. Either way, even if it gaps up past 120 on earnings, I'll collect 125 bucks, if not, then I have a bit of downside protected, but I don't think it will go down by much and will probably bounce very fast. I know I'll be buying that dip.
Also asking to sell TSL 70 calls a bit higher against my position. Same deal.
Overall Cleantech looks pretty strong. Picking up a tiny bit of QCLN, and PZD here, for long term.
both Cleantech ETF's.
Solar incredibly strong.
Started by
ogm
, Jul 24 2007 12:49 PM
4 replies to this topic
#2
hiker
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Posted 24 July 2007 - 12:53 PM
FSLR..bet 112.52 horizontal willl not hold by end of day, tho' it has done well so far in this intraday action..
111.70 H below that
#3
ogm
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Posted 24 July 2007 - 12:57 PM
FSLR..bet 112.52 horizontal willl not hold by end of day, tho' it has done well so far in this intraday action..
111.70 H below that
I think it will hold up in this general area at least untill earnings. The sector is just waay too hot.
Look how the stock didn't react to the secondary offering at all. Too much demand. SPWR even went up on secondary and on earnings (loss)
Besides relative strength in this market is going for the sector in a big way too.
Edited by ogm, 24 July 2007 - 12:58 PM.
#4
PorkLoin
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Posted 24 July 2007 - 02:38 PM
Earlier this summer I was at a place in WA that makes silicon, much of which is destined for solar panels. Their production is completely booked for more than three years in advance.
Doug
#5
ogm
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Posted 24 July 2007 - 02:59 PM
Earlier this summer I was at a place in WA that makes silicon, much of which is destined for solar panels. Their production is completely booked for more than three years in advance.
Doug
I know. Polysilicon prices skyrocketing. But the best thing about FSRL, they use thin film based technologies, so they aren't affected by polysilicon prices. And a lot of their business comes from industrial size clients. They are capable of outfiting power stations with this stuff, actuallly thats what they are doing in europe.
I have to admit, my timing sucked bad on this trade..lol. Good thing I sold the calls right away. But.. that all said, FSLR will be one of the best solar plays for years. And I'll buy more on any significant dip.
Edited by ogm, 24 July 2007 - 03:01 PM.
