Many of the most speculative are the ones with the largest moves today.
CSUN +16.5%
SOLF +13.0%
DSTI +12.9%
HOLU +11.0%
AKNS 10.9%
ESLR +9.9%
CSIQ +9.7%
I've basically sold down my Solarfun Power (SOLF) to a point where it is barely in the portfolio. In the past I would exit a position like this, up massively in a short amount of time, but since I do like this stock to some degree I will just keep holding the very tiny position in the fund and wait for the inevitable lemmings to panic sometime in the next month and drive the stock back down.
Compared to most of the names above, Solarfun Power is akin to General Electric in terms of quality.... I was joking that this name would be racing to $40 when I bought it in the mid $20s but I guess my joke was taken seriously by the momentum daytrading folks.
As an aside LDK Solar (LDK), #1 position in the fund, is making a nice run as well, up nearly 8%. In a perfect world I'd love to see a quick move to near $60 where I could book some serious profits and then let it pull back so I could rebuy once the froth if out of the sector. As this sector is prompt to do every few weeks, it is getting nuts around here as fundamentals don't matter and the lowest quality names (or those with the cheapest stock price) get run up... for example HOKU doesn't even have a meaningful revenue stream yet but plans on building polysilicon in 2009, AKNS simply installs solar panels - it doesn't produce them... etc. But none of it matters to those running up these stocks...
Long Solarfun Power and LDK Solar in fund; long LDK Solar in personal account
