supershort

Solar Stocks Continue to Roll

They sure are on a roll...they are about to roll over.

Solar Stocks Show Signs of Life

Thanks kkin365. I am still adding puts to my short position. I am fortunate that the stock can still run up a bit more before I start getting a fed or margin call, so for now I am hanging in and looking forward to the next miss of their earnings on April 17th. They missed in January and with the huge jump in jobless claims 407,000, and the retailers going to be hurting, I can't possibly see the retailers going forward with their plans, as was announced by Macy's. They may start to consider closing stores, so why would they invest a tremendous amout of money if they may close/sell stores.
As far as China and the article:www.nytimes.com/2008/0...

Yep, I am eight thousand percent sure they follow standard accepted accounting principles for their government companies. Who are their accountants...Hou, Wi, Foo, Kum & Hasol?

Solar Stocks Show Signs of Life

Institutions also? They are selling also. They are all cutting their positions because the massive residential buildout will not occur this time also. Maybe if they were 7 years earlier during the housing boom, good ecomomy and cheap money. Now the only thing we have is cheap money, but the bank won't give you a loan for such a big ticket, speculative item for your home.

As far as these going to Home Depot. Never until the prices come down alot. They won't for some time as these companies want to bleed the governments first.

SOL is a China stock. I am a free market kind of guy. No company that is owned by a government will be longf in my portfolio, especially a communist one. Isn't that the biggest oxymoron out there, China stocks. They beat up on Monks, subjugate their people, violate all child labor laws out there, pollute like there is no tommorrow. Yep, sure give me a few thousand shares.

Solar Stocks Show Signs of Life

SPWR has not reported any insider activity through the SEC in the past year. It may have reported transaction activity through other regulatory bodies. As a result, the activity below may not reflect the complete activity by the company's insiders.


Monthly Share Rotation Number of Shares Value of Change Percent of Shares Outstanding
Buyers 3/29/08 60,850 $3,999,062 0.80%
Sellers 3/29/08 1,973,109 $129,676,678 3.00%

You guys really need to wake up. There are many "good clean in favor" companies out there. I am not a bear because I don't believe global warming is real. It is real, but we may not have a choice anyway. The earthg was probably meant to be warmer anyway. Look at the prehistoric times. Just because as meteor hit the earth and caused the ice age, we have been getting warmer since. No new news.

I would purchase solar panels if they were right for me, and all should do the same. But if you are an investor or trader, these are totally crap fundamentally. Look at MSFT, IBM, EBAY, GOOG any company that made it. There were massive insider buying, NOT SELLING. I am following the lead of the insiders and institutions which clearly is to sell.

Solar Stocks Show Signs of Life

These companies are trading at a tremendous multiple. SPWR over 600x earnings and they warned at last earnings. I think solar will do well in the future but at reasonable multiples. I am short any company with over 50 times earnings in a bear market which we are in. BGG, SPWR, ALGN, STP, AMT, MTN, SUP are my favorites for now.