yup, the correlation between crude and solar etfs is not there anymore, its more like an inverse relationship. It's also noteworthy to mention that even when oil is cheaper, consumers are still paying more at the pumps due to higher gasoline taxes.
I think the problem with solar stocks is mainly the abundance of IPOs that flooded the market, (especially from China) and relatively low price of crude. Until elections year I'm still short First Solar and Trina Solar, but I am bullish on photovoltaic business going long term. Panasonic recently took over Sanyo to take leadership globally in the photovoltaic business by completely revamping their corporate strategy. In addition, government subsidies and tax breaks force giants like Walmart to implement solar roof panels saving millions on energy.
Right on the nail head. I think we will be trading sideways for years to come. I've been telling people that we're following Japan's scenario, as similarly our problems began with the sub-prime mess. As pessimistic as I am, I hope we don't fall into a stagnation like they did for 22 years. Great article.
See my article on Walter Energy, I highly doubt the company is a takeover target. They got rid of their real estate segment through a spin-off to concentrate on their core business, selling high grade metallurgical coal that is a rare commodity. They've been also having management issues as one of the execs resigned recently, so there are definitely challenges, but this stock continues to be in IBD's top 50 stocks to own. This is a company that short sellers are afraid to touch because of its bullish momentum that can spike at any second eve when the entire market is bleeding. Good article.
Apple VIX Rises As Apple Rises? Won't Be Fooled Again [View article]
Interesting observation, I sold my $515 and $550 April calls yesterday, and I got very lucky. As soon as I sold, my OTM option premium dropped like $250-$300, when the stock price itself didn't make any large swings. Great article, I gotta keep my eye on AAPL vix from now on, didn't even know it existed.
Solar Stocks To Buy Now [View article]
Solar Stocks To Buy Now [View article]
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Walter Energy Settles In [View article]
Walter Energy Settles In [View article]
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By near future, you mean maybe in 2 years when real estate price appreciation begins or longer?
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Apple VIX Rises As Apple Rises? Won't Be Fooled Again [View article]
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