Now both LDK Solar and Trina Solar have fallen to their 50 day moving averages, creating nice entry opportunities. Ironic to me that Trina Solar has fallen 2/3 as much in aggregrate as LDK Solar, on LDK Solar's bad news. Oh the market, so naughty in your machinations.
This takes Trina Solar from 3.25% of the fund up to 4.6%. I am now down to the lowest amount of cash since mid August, as I bought a huge wad of solar this morning. Looks like we are in a 'rolling correction' by sector rather than a general market retreat. I am hoping the next candidates to get trashed are the oil services i.e. Core Laboratories (CLB)
Long Trina Solar in fund and in personal account
3 comments:
The sector reaction is a little odd - JASO/YGE/TSL/etc all down today. LDK's response was definitely a welcome one (I picked up some this morning as well).
Meanwhile, CHNR is up another 15%. Why?
Oh, and RCH is up 30% as well. Lots of architecting needed and the natural resources to go with it. Cheers for the 1.7% revenue increase, CHNR! That's deserving enough for a 4x pps increase in one week, clearly.
unbelievable.
I didnt have time yesterday to go look at the highest gainers of the day
I was thinking to start tracking a basket of buying the 4 biggest Chinese gainers the day before, buying them and selling them by 11-11:30 AM the next day. And see how long that ponzi scheme can work.
Funny thing is Shanghia is CLOSED for business this week.
Well as you know 1.3 billion architecting (did you make up that word) is needed!
Post a Comment