Trader Nick

4 Comments

    • ON: Fri May 16th 14:27 PM
      Commented on:
      Closing LDK Solar, Keeping Trina
      Mark, if you are holding a losing long position then I am sorry for you. Yes a good trader must cut his losses at some point. In response to your comment about being long anytime in the past half year. I have only held for about 2 and a half mos. . The market is a forward pricing mechanism and the new poly plant is not even priced in yet, but I beleive that the PPS will be much higher before they produce their first gram of poly. See my other comments and look at the chart youn posted from a technical stand point it looks great. G/L

      Caio
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    • ON: Fri May 16th 13:03 PM
      Commented on:
      Closing LDK Solar, Keeping Trina
      imthewiz - Yes LDK $ 200 million buyback, this was part of the shelf offering of $400 million to complete the poly plant (see article included). Timely completion is now a certainty in my opinion,with an engineering contract from Flour, money from the offering, as well as prepayments from bookings.

      Caio

      TEL AVIV (MarketWatch) -- LDK Solar Co., (LDK:ldk solar co ltd sponsored adr
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      Last: 37.17+1.03+2.85%

      12:39pm 05/16/2008

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      LDK 37.17, +1.03, +2.9%) the Xinyu City, China, producer of solar wafers, the raw material for solar cells, priced an offering of $400 million of notes. The company said it would use the funds in part to enter forward contracts under which it would buy back $200 million of its American depositary shares. The notes are 4.75% senior notes due 2013, and they'll be convertible into LDK Solar's ADSs, cash or a combination of the two. The initial conversion rate is 25.4534 ADSs per US$1,000 face amount of notes, which equals an initial conversion price of US$39.29 per ADS. In turn, that's about 25% above LDK's closing price of $31.43 on Wednesday. LDK hopes to close the offering on April 15. Beyond the ADS buyback, LDK Solar said it would use 75% of the remaining proceeds to build a polysilicon-manufactur... plant, 20% to expand its wafer-production capacity and 5% for other purposes.
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    • ON: Fri May 16th 00:13 AM
      Commented on:
      Closing LDK Solar, Keeping Trina
      This article is pathetic. clearly this writer is one of these misguided technicians who shorted this stock in the twenties and is now holding a losing position. Please compare any fundamental measure between LDK and TSL and you will clearly see LDK is the better value. TSL is also a good company, however LDK has a new poly plant on the way, higher margins, lower PEG, lower PE, $200 million share buy back, $20 billion booked orders with pre payments, blah blah blah do your own DD. This writer clearly is trying to influence holders of LDK to liquidate, he must be holding what is most probably a losing short position. Currently there are approximately 14 million shares sold short, and these sellers are trapped, as many have sold well below the current price. Just look at the daily chart it shows a series of higher highs and higher lows off the march low. We are now consolidating in what appears to be the right shoulder of a reverse head and shoulder accumulation pattern. This is definately a time to buy, not to sell. With tomorrows options expiration, market makers will be giving us one more chance to add before the squeeze begins. Yes I am talking my book. I started a large position in the low twenties and added in the low thirties and will add again in the 35 or lower range if I get the chance. Thanks in advance short sellers.
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    • ON: Thu May 15th 15:51 PM
      Commented on:
      Margin Concerns Make LDK Solar Vulnerable to Profit Taking
      for any reader who is looking for the sinlge best solar investment out there don't let the negative sentiment scare you off. if you compare ldk to any other solar based on profitability, margin ( yes profit margin!)
      pe ratio, peg or any other measure of value, you see that this stock is on sale! closeout prices. but what your not seeing with these value comparisons is the incredible growth story (new poly plant)that will make this stock the # 1 poly producer in the world and increase margins tremendously. foolish short sellers have been selling this stock all the way into the low 20's and now some 14 million are trapped in what is most probably a losing position. just look at the daily chart is shows a series of higher highs and higher lows of the march low. we are now consolidating in what appears to be the right shoulder of a reverse head and shoulder accumulation pattern. the market is a forward pricing mechanism so when the start actually producing poly this stock will alredy be a lot more expensive. bottom line dont,t let these failed fundamental and technical analysts who are holding these losing short positions talk you out of a potentially great returning investment
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