Seeking Alpha


Send Message
View as an RSS Feed
View benitus' Comments BY TICKER:
Latest  |  Highest rated
  • First Solar: Heading In The Right Direction [View article]
    phanik....Asian markets are far too heavily-regulated. I don't invest in these markets but I do trade there from time to time when there are significant market movements sparked by fear or enthusiasm because they represent opportunities to get in and get out quickly with a sizeable profit, sort of like poaching on their stocks. Australian and NZ markets are difficult to predict due to the drunken Aussies and crazy Kiwis emotional behavior, so for long-distance investors or traders, it's risky unless we have a good ear to the ground, because their markets are driven by politics and other liberal issues. The Indian sub-continent is a very good playground because Indians, Pakistanis, Bengladeshis exude similar behavior and they are great gamblers, so we can make huge and fast money but we can also lose our shirts if we're not careful. I'm a risk-taker, so I trade quite heavily on their markets. I never liked trading on European markets because I disagree with their anti-US and anti-Jew politics. The best place to invest and trade is still the U.S. Recently, out of the blue, I made an unusual statement to my five kids, viz. that I will make each of them a million bucks within 7 years with a capital of $50K each, which I will start after the New Year, so that none of them needs to worry about their work or their jobs. They've each got their own house with my help, so I told them to go and make more babies for me to play with, before I return to God. Merry Christmas!!
    Dec 15, 2014. 10:16 AM | Likes Like |Link to Comment
  • First Solar: Heading In The Right Direction [View article]'re most welcome. Thanks for bringing up Russia because that was another objective of bringing down the price of oil, which is good for the West, including the U.S., NATO and Ukraine, because that would put a damper on their ambitions on Ukraine and other fringe states. The Saudis and other like-minded Arab nations wanted also to put the brakes on Russian support for Syria and Iran. All things considered, the Saudis has finally woken up to its responsibility to maintain the price of oil to acceptable levels, as it did during the 1st Gulf war and previous times, because global economic turmoil will turn around to bite them. Manufacturers will simply pass the cost down to consumers and every Arab country suffered several times over with increasing oil prices because they import almost everything they use. Hence, friendly Arab countries are not against bringing down the oil price to around $60 to $80, provided our shale producers rein in their enthusiasm to increase production. Great talking to you, my friend.
    Dec 13, 2014. 08:35 AM | Likes Like |Link to Comment
  • First Solar: Heading In The Right Direction [View article]
    Yes, phanik, I do agree that oil may eventually go down to $40 or, as some have boldly predicted, even as low as $20 or less. But that won't happen tomorrow, or else, the entire global economy would be thrown into turmoil, which the Saudis cannot afford as well. What I'm saying is that, the price is now consolidating around $60 and it's already hurting many producers, so it would be suicidal for them to increase production. They'll simply suck it in and maintain production levels, until demand has soaked up the excess supply. In the meantime, speculators and manipulators of FSLR will run out of reasons to force the price further down. That will be when it will rebound from its present plateau, once these traders decide to take their profits. FSLR will then break out from the shadow of oil and return above $50, which is a reasonable price for FSLR. Have a happy and blessed Christmas and a prosperous New Year.
    Dec 12, 2014. 08:04 AM | Likes Like |Link to Comment
  • First Solar: Heading In The Right Direction [View article]
    pbanik....consumption will only increase with price decrease up to a point. When it's saturated, consumption will slow. Similarly, demand for oil will surely decrease, especially when the market is saturated with cheap supplies, unless the cheaper oil will stipulate additional economic activity that will consume more oil. At this time, I don't see much economic increases happening, albeit some may occur. But the price will eventually increase, as the market's consumption adjusts to the supply glut, unless producers continue to increase their output.

    It's plain for all to see that Saudi is out to kill our shale oil producers, especially the smaller ones, who would do well now to merge and reduce their overheads to make economy of scale profitable. They're also out to kill Iran, so that their ability to fund insurgencies and Shiite militias would be curtailed. I don't see the Saudis cutting back on their production any time soon. If the oil price rebounds, they will step on the pedal and increase production instead, which will create more turmoil. So, the oil traders and speculators would do well not to trigger such production increase, which our own shale oil producers can help by holding their production steady.

    Now is as good a time as any to buy into FSLR or increase your holdings. It should rebound before the year's end, if the oil price holds around $60, because traders cannot keep on shorting or selling and they need to take profits. Stay cool and don't panic. The market is still strong.
    Dec 11, 2014. 08:14 AM | Likes Like |Link to Comment
  • 3 Factors Driving Down First Solar [View article]
    Climate change is hash crap or hogwash. Taken as a global behavior, it is inevitable that some places would get hotter while other places will get colder, especially when the earth moves closer or further away from the sun. As the temperature of the deep earth changes (beyond our control, unless we develop the technology to harness its energy)), it's natural for the atmosphere and the seas to be warmed up. What we should really be worried about is the tectonic stresses which are accumulating and will result in more tremors, more quakes and more violent and severe storms, etc. Effects of climate change is nothing when compared to the fury of mother nature. Eventually, the demise of mother earth will be caused by its breaking up, nothing to do with climate change.
    Dec 10, 2014. 09:05 AM | Likes Like |Link to Comment
  • 3 Factors Driving Down First Solar [View article]
    domin8....if you can afford more, you should pick up some more if and when it dips further or you can do so now if you think that the rebound is on its way now, to further reduce your average because $59.50 would be quite some time away and you may not want to lose out on the opportunity for some extra gains on its way up. Let me know if you're interested in this strategy and recover your losses earlier.
    Dec 10, 2014. 08:55 AM | Likes Like |Link to Comment
  • First Solar: Heading In The Right Direction [View article]
    Rodolfo, regardless of what people say, now is not the time to dump your shares, not while the price has been manipulated down. If you think that the price may go down further, then you can sell some, with the intention of buying back at a lower price in order to reduce the average cost of your shares, so that you can increase your profits when the rebound occurs, or you won't have to wait too long for the rebound to be sufficient for you to make profits. If you're certain that the price will definitely go down, you can actually reverse your entire position, i.e. sell out and short the stock. Then you can cover your short positions and go long when it has moved down enough to recover your earlier losses. That is what I often do as a day-trader to make my fortune on the stock market everyday.

    I remember, from time to time, I do get caught sleeping at the switch and my stocks came down too fast, so rather than watch my stocks lose much of its value and incur greater actual losses later on, I dumped everything I had and reversed my positions by the same amount, so when it continued going down, I am recovering my losses until such time when I'm making a profit (after the price has stabilized) and I reverse my positions to go long. If you can learn from this technique that I use to make money, you might be able to make more yourself. Have fun and don't get emotional. After all, the stock market is a game that we should get excited about and make money. Have a wonderful day and God bless.
    Dec 8, 2014. 09:51 AM | 2 Likes Like |Link to Comment
  • First Solar: Heading In The Right Direction [View article]
    phanik, I share your concern. Perhaps, you might appreciate that when oil price goes down, oil consumption increases, so market expects demand for solar energy to reduce or won't increase (which is actually unrelated), which will move solar stocks down. At the same time, when oil price goes down, profit margins for oil companies are reduced, even though such loss is somewhat mitigated marginally by higher consumption of oil, so oil stocks go down. Please correct me if I'm wrong. That's the only way to make sense. However, these movements are driven by fear or expectations because the big traders are making the calls all the time, so they create the trends for the stock movements, based on what they think would be consistent to the market mentality (whether fear or expectations). Whatever the trend, it's only temporary because these same traders will reverse the direction to cash in their profits, so nothing stays up or down for the long, unless there is an actual and fundamental change in any particular stock's long-term outlook or profitability that will cause the value of the stock to change. That is what all traders do, ride the trends and make hay while the sun shines.
    Dec 8, 2014. 09:39 AM | Likes Like |Link to Comment
  • First Solar: Heading In The Right Direction [View article]
    Go long, FSLR. Wait for the re-bound. Don't panic and sell short.
    Dec 7, 2014. 11:21 PM | 2 Likes Like |Link to Comment
  • Twitter's ex-product chief leaves company after demotion [View news story]
    Finally, the long-suspected cracks in Twitter are now beginning to show and these won't be the last, so hang on to your shorts and the longs should head for the hills.
    Dec 5, 2014. 06:38 PM | 3 Likes Like |Link to Comment
  • 3 Factors Driving Down First Solar [View article]
    When a solid stock like FSLR gets driven own so low, there's no cause for despair but every reason to rejoice because that is a buying or buy-in opportunity. If we stock up on shares at their lows, it will reduce our total average costs, which will reap great rewards when it comes back up, as it will eventually do. Parking our funds in our stocks is not much different from parking them in our checking account, which doesn't pay interest at all, so be patient and wait for the rebound, which must come around as traders need to take their profits and cover their shorts.
    Dec 5, 2014. 08:55 AM | Likes Like |Link to Comment
  • 3 Factors Driving Down First Solar [View article]
    Your conjectures may seem sound but I don't buy it, period. The price of FSLR is simply being manipulated, as it has been most of the time, whether it was going up or coming down. The wide swings in price has made lots of traders like me very significant profits and will continue to do so, as long as there are hype or naysayers touting their wares all the time. The truth is that solar energy is here to stay and will improve in efficiency and cost, as technology advances. No amount of falling oil prices can change that because falling oil prices cannot be sustained and it will shoot back up when the taps get turned off (which is what I would recommend our shale producers to do). To me, a healthy price is $80 or $2.50 to $2.80 at the pump. Market manipulators will use any change in global market conditions to bring the price down of solar producers or push it up, because that's how they clean up the market and wipe the clocks of irrational investors, who react unthinkingly to such price manipulations and create self-fulfilling prophecies. Stay cool and hang in there but do take advantage of the price changes to average down your costs and make hay while the sun shines (no pun intended) when it rebounds eventually.
    Dec 4, 2014. 07:46 AM | 3 Likes Like |Link to Comment
  • Solar stocks continue plunging; oil at $68/barrel [View news story]
    Your opinion is sound and well-founded. I'm with you on that.
    Dec 4, 2014. 07:34 AM | Likes Like |Link to Comment
  • Solar stocks continue plunging; oil at $68/barrel [View news story]
    There're more ways than 2 to trade on the stock market, not just invest. But it's another thing if we're caught sleeping at the switch, like I was. The rebound today is quite encouraging because I bought more at the bottom yesterday (since I can't sell) to average my costs and I've recovered quite a bit with the rebound, so my losses and pain are largely mitigated. Like I said, I trade more than I invest, and somewhat aggressively at that.
    Dec 2, 2014. 11:14 AM | Likes Like |Link to Comment
  • Solar stocks continue plunging; oil at $68/barrel [View news story]
    We're all in pain. Coal and solar stocks came down too fast for me to react. It happened right during Thanksgiving weekend when everyone is away for the holidays. Time to suck it in until the sun's out again.
    Dec 1, 2014. 12:37 PM | 4 Likes Like |Link to Comment