For the long run unless this company is a work of fiction and the constant stream of contracts it announcements (just yesterday it announced a 3 year, $224 million contract) are all shams, this seems like a nice buying opportunity. The stock has dumped all the way down to its 50 day moving average (below $54) in fact, and I think in 6 months this will be a prudent buy. In the near term, hard to tell.
I am taking the LDK Solar position to about 4.15% of the fund (from 1.3% yesterday) and will let the dust settle, and see how the market reacts.
Long LDK Solar in fund and in personal account (as of this morning)
2 comments:
LDK back in free fall... yow. Out of personal position but no way to set stops in Marketocracy fund - or if there is I haven't seen it yet. Looks like 40-45 is the next key area of support. Yow, what a stock, it closing in on a 2:1 split the hard way.
I am not getting the TSL weakness though in association with LDK. If it were the whole sector I'd understand but why is TSL thrown out with bathwater of LDK. Strange.
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