inettor

Solarfun's Huge Run: Time To Lock in Solar Profits

It's so pitiful to see another "shorter" desperately came up w/ bogus reasons to scare the market in order to minimize loses. Check it out:

"First, China so far has no plan to subsidize solar energy nationwide".....
what about Japan in 2009 plan to subsidize solar and remember Japan is #2 eco., not to mention the other like S. Korea, Australia etc.

"Second, tumbling oil prices can not be ignored. If oil prices continue to go lower at their current pace, no solar or wind energy company will survive"....this is a big if, what if oil stay at current pace or even go higher? GS and others think oil could go to $200/barrel !! Remember world oil is not renewable and limited. We could go dried w/in 50yrs according to some sources!

"Third, Democratic hopeful Barack Obama has picked Joe Biden, and many supporters have shown their disappointment...This sector has had a tremendous run partly due to the momentum built into it by Obama's earlier commanding lead. This may disappear in a flash." Solar sector will be better either Obama or McCain in office, solar tax credit will be renewed or extended that almost a given. It's just a matter of time.

SOLF ran up to 40/sh before, what if it does a "retest" it again? What if it has a blown out quarter again? for SPWR, it's just signed deal w/ PG&E and what prevents it from signing w/ more others?

In conclusion, the prospect of solar is bright and it will get brighter into the future. All that bs are noises along the path. If you have 5-10 yrs to invest, just relax and enjoy. After all, beside oil price, China's subsidize and US election issues, every country needs solar partly for their own energy security and independence and the world needs solar for cleaner place to live!