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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • MEMC (WFR) Stock Upgraded By Goldman Sachs & Placed On Its "Conviction Buy List" 6 comments
    May 30, 2013 11:33 AM | about stocks: AAPL, CSCO, FSLRQ, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE
    • Goldman puts MEMC (WFR +5.2%) on its Conviction Buy list and raises its PT to $10 from $8. The firm assigns MEMC a sum-of-the-parts valuation of $11, including a $5 valuation for its chip wafer ops. Rising chip industry multiples and a moreshareholder-friendly board are seen as catalysts for "potential value creation." MEMC is hosting its annual shareholder meeting today.

    It was all in the charts...Those who follow my blog will appreciate how the stock's PnF chart told the story way before today's upgrade...LOL!

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you. On the other hand, if the move(s) result in a profit for you, I am open to discussing a split. ;-)

    Disclosure: I am long LDK, SPWR, TSL, WFR.

    Themes: Solar Sector, Options Stocks: AAPL, CSCO, FSLRQ, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE
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Comments (6)
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  • greggbuttery
    , contributor
    Comments (16) | Send Message
     
    KaChing. I'm currious if there is a site/materials you use for PnF charting. Thankyou again for your research.
    Gregg
    30 May 2013, 12:45 PM Reply Like
  • Lynxx
    , contributor
    Comments (9) | Send Message
     
    Gregg, check out stockcharts. They also have a great educational section where you can learn about how PnF are constructed and what changes you can make to the default settings.

     

    Solid trading, Lynxx
    3 Jun 2013, 04:07 PM Reply Like
  • Spak007
    , contributor
    Comments (19) | Send Message
     
    Do you see Goldman's PT of $10 for WFR as a short term cap on where the stock price might consolidate or where do you see it going short term. Also, Goldman raised Sunpower to neutral with a PT of $18, seeing we are already above $18, is this a negative. They seem to be pretty bearish when it comes to Sunpower,is this because they are backing SolarCity? Appreciate your feedback and amazing performance on your portfolio!
    30 May 2013, 05:25 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (121) | Send Message
     
    Author’s reply » I expect WFR share price to go to $13.50...As for Goldman's Neutral rating on SPWR, all I can say is that they came late to the party and they'll continue to be late and slow in recognizing the potential of SunPower, which I believe will become the dominant company in the solar power sector within the next 12-24 months...Four months ago, I wrote a blog post titled "SunPower: The Safest Monster Stock on the Nasdaq"...SPWR's subsequent price performance has validated my confidence in the company...
    http://bit.ly/11bhI1E

     

    Thank you for the kind words...kp
    31 May 2013, 01:11 AM Reply Like
  • Options2Wealth
    , contributor
    Comments (121) | Send Message
     
    Author’s reply » I got my start in PnF charting by reading and watching Tom Dorsey of Dorsey Wright charting company, more than 20 years ago...today, I am sure there must be scores of books and articles on the subject that you should be able to find on the Internet...kp
    31 May 2013, 12:59 AM Reply Like
  • waynelabel
    , contributor
    Comments (11) | Send Message
     
    Working with Karim has been educational, fun and especially rewarding financially

     

    I have not had hardly prior experiences with options and with Karim have been learning a great deal.

     

    I started only one month ago investing based upon the knowledge I have gained from this blog and talking with Karim. In that one month my investment has grown more than 250% Not bad for a start and for one month

     

    Thanks Karim, I look forward to making many more investments in the future

     

    Dr. Wayne Label
    6 Jun 2013, 12:57 PM Reply Like
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