I believe many Chinese Solar companies like Trina Solar (TSL), Yingli (YGE), and LDK (LDK), are good buys after the recent sell off. A few trading days ago, (July 3), Trina traded as low as $26.40, Yingli as low as $13.57, and LDK as low as $29.72. Currently, I am buying at or close to these price levels. I am confident that all of these stocks will be higher in the coming months and years. I am also reminding myself that anyone who sold these stocks in prior sell offs around these prices, didn't have to wait long before regretting it, as they went much higher in a very short time.

In the past two weeks, a small perfect storm has forced solar shares much lower. There have been analyst downgrades and concerns over secondary offerings, speculation that Spain might cut subsidies, and in general, a steep sell off in Chinese and US equity markets. These stocks seem to be highly susceptible to fear, greed, analyst remarks, and speculation. One recent concern has been secondary offerings. If banks that are losing billions can raise additional capital, (even when trading in the single digits) I think it is likely that these fast growing and profitable companies can too, so secondary offerings are to be kept in perspective. As far as downgrades or other speculation goes, if you owned one of these fast growing and profitable companies outright, would you sell it for about half of what it was fairly valued at 3 weeks ago because some outsider/analyst said so? (And quite possibly to the very same outsider or firm who told you to sell your company/shares cheap?)

I have been searching for year-end bargain stocks which meet the following criteria:

• Good fundamentals
• Positive earnings
• Low p/e ratio
• Stock price selling near book value

Based on these, I like Hercules Offshore (HERO) and United Rentals (URI).

When I first looked at Heelys (HLYS) stock it was trading as high as $40+ after the IPO. I remember feeling it was priced for perfection. Sure enough this fast growing company ran into some inventory issues which resulted in lowered earnings estimates and the stock plummeted several weeks ago.

I think the stock plunge down to just under $8 per share is as much as an over reaction as the price jumping to over $40 earlier this year. Many investors believe that Heelys is just a fad that will diminish quickly but I think the growth is far from over. Roller skates, snowboards and other products were thought of as fads when they first came out, but the market for them endures. Heelys has plenty of opportunity to expand overseas and they remain very popular in the U.S. It has been reported that Angelina Jolie will be wearing Heelys in her new movie "Wanted" coming out next year and I expect this to help keep demand for the shoes high.