Comments on Fund My Mutual Fund: What a Topsy Turvy Day - Adding to 2 positions

FXP is very volatileI actually cut it back today s...

2007-11-21T13:04:00.000-05:00

FXP is very volatile
I actually cut it back today since it was up 13%

when the inevitable crash happens in China stock market FXP will be a heck of a position ;)

It is very hard to be short here to be honest as SO MUCH BAD NEWS is out there, sentiment is TERRIBLE and we fall on the same news every day. Something like 12 of last 14 sessions down. Eventually we need to have at least a dead cat bounce. But people have been saying that for many days. (incl me) I keep catching falling knives and buying stocks with great fundamentals for the most part, but even those keep getting hit. No safe harbor except for short ETFs of late.

I am liking JASO and LDK more and more, I thought perhaps their "life" would be short as more companies take their processes in house, but now that we see all these young start ups in solar they will be relying on LDK and JASO. I continue to be blown away at revenue growth at LDK - they just need to get their bottom line straightened out and this bad news out of the way.

Trina I am sure will bounce, and the sector is sexy but why bother when there are so many good companies executing.

Glad I sold my TSL back at 61.80, wish I had held ...

2007-11-21T12:12:00.000-05:00

Glad I sold my TSL back at 61.80, wish I had held on to more JASO after selling at 44.

Meanwhile - FXP is amazing.

Yes, remember I sold TSL far higher - rather be sa...

2007-11-21T10:16:00.000-05:00

Yes, remember I sold TSL far higher - rather be safe than sorry. This is 2 quarters in a row they disappointed. Gross margins were not that bad, around 20% but they are now going to produce their own polysilicon which is going to cost a lot of money which means dilution or a lot more debt.

No idea on the market - the indexes look bad but a lot of the strong stocks (for now) are sitting right at their 50 day moving average and not budging. the volume on a day like today will be lighter than usual. Hard to read much from it, but the financials are an utter disaster

Maybe Ben will do a surprise cut ;)

Wow. TSL is tanked on horrible numbers. I think th...

2007-11-21T08:51:00.000-05:00

Wow. TSL is tanked on horrible numbers. I think the market is heading south to test the Feb lows. what are your thoughts Mark especially ater the IWM breaking the support technically? I am in Cash and some selective puts like LMT, which is due for a pullback I think.

CHeers.. AJ