When you play with fire/solar you get burned.
In the past, I played these solar burrito stocks like a “space alien magician,” banking crazy amounts of coin. Well today Suntech power struck back with ultraviolent rays.
What was I thinking?
I wanted to build a position in the space, and I planned to do it with [[STP]] (based on fundamentals). So i decided to put half my position on before earnings, and add the rest after the report. I thought if they missed the stock would fall 2-5 points, I was wrong! Most of these stocks move in integer increments anyway, but I thought Suntech was solid, and if anything, buying on weak report would benefit me. What I did not expect, was the the extreme soft guidance.
I did buy more around $35, but with the numbers going forward, I’m hesitant to build a position.
By far the best name in the space is [[FSLR]], if you decided you need a tan.
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I thought SPWR was your gem? On the other side, this could be a great buying opportunity. I grabbed some LDK Calls this morning.
what are u emulating cramer- picking stuff pre-earnings release on a gamble in broken momo names?
I thought STP still had some juice, I was wrong.