I had to reboot my computer as for the 5th day in the past 90 sessions it appears
Trina Solar (TSL) actually trades up. Even more rare
LDK Solar (LDK) is up. I believe the first day in 3 months both are up together...
Trina appears to be going up on disclosure of a stake by hedge fund Citadel - which is actually one of the hedge funds worth it's salt. I'll take any excuse at this time, and savor this +8% move - even if it only lasts for a few minutes. As I've been saying of late the valuation in some of these solar names is now approaching ludicrous levels - they'e been ludicrously overvalued in the past, now ludicrously undervalued.
- In a 13G filing on Trina Solar Limited (NYSE: TSL) this morning, Ken Griffin's Citadel Investment Group disclosed a 5.4% stake (135,201,400 shares) in the company. The firm held 446,496 shares at the quarter ended 12/31/�A 13G indicates a 'passive investment'.
- Citadel Investment Group LLC is a $15 billion dollar hedge fund, founded by Kenneth Griffin in 1990. Since its founding, Citadel has grown into one of the world's largest and most successful alternative investment firms.
Long Trina Solar, LDK Solar in fund; long Trina Solar in personal account
