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  • 6 Key Earnings Previews: AAPL, MSFT, EBAY, POT, WFR, SPWR [View article]
    Brave position going long on the solars, the trend seems pretty obvious to me that the market has no tolerance right now for the spec growth stocks like solar right now. I think it's a pretty dangerous place to be trying to find a bottom, esp. in SPWR with such a high PE.

    Keep in mind that Germany has been one of the best friends to the solar stocks and have recently passed legislation to start slashing subsidies starting in 2009. Which means they will have to sell even more product to offset the declining subsidies that start in 2009 and continue to get slashed in the following years (5% a year if i remember right)

    Disclosure: Short SPWR & FSLR.
    Jan 21 10:26 am |Rating: 0 0 |Link to Comment
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