vodop09798

What's Up with the China Solar Stocks

The solar stocks dropped because every time the chicken littles read a headline in the USA Today they run out and buy, buy, buy or sell, sell, sell. We of the cooler heads just need to sit back and wait until they buy or sell back and the normal progression will continue.
The Money section of the USA Today for Tuesday had a lead article on the front page that said Wind, Solar projects race expiring credit, which referred to the fact that AMERICAN wind or solar companies MAY lose their federal tax credit at the end of the year. It said nothing about Chinese or other solars not being involved. It said nothing about this being a done deal for the US companies.
I have seen this a hundred times or more. There are a number of CL's out there that don't pay any attention to the facts about a company. They run their (probably dwindling) portfolios based on headlines alone. I have TSL and STP. They're both up today. 'Nuff said?