Bookkeeping: Starting Stake in Yingli Green Energy (YGE)

I am reintroducting Yingli Green Energy (YGE) to the fund; a name I held last fall. This is yet another Chinese solar stock, and my basis for purchase is a chart that looks in the early stage of a breakout - a nice 2 week base, from which new highs are being made ... plus the stock just cleared its 200 day moving average Friday. The stock peaked at $25.50s or so in mid February - if it can show strength to clear past that, I'll add more.

Most of my watch list of solar stocks show names much more extended so I feel a bit more safe buying this one at this stage in the game. While not as cheap as some of my other solar names, it has a much better technical set up... I'm kicking myself for not executing a trade in JA Solar (JASO) three weeks ago at $18+ that I was mulling (now at $26). Either way, this makes my basket of solar stocks back up to 3 names.

I'm also adding a layer to Trina Solar (TSL) but am waiting for a move north of $45 to make a big purchase.

I bought 1200 shares of Yingli Green Energy, or a 2.5% stake, in the $24.60s

Long Trina Solar, Yingli Green Energy in fund; long Yingli Green Energy in personal account