iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Buying The Dip In Solar

Solar stock have been red hot the past few months, and I think the sector has a little more life before it rolls over. Looking at TAN, the ETF that tracks the group, we got a nice pullback right to the 200 day moving average and now look to be bouncing from that level.

This morning I added to my SPWRA position around 29.30 and re bought JASO near $5. I’m also watching CBAK build a flag after the nice run and my take a position in the name on further strength. Also, take a look at RSOL, the stock has been on fire the last few days.

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9 comments

  1. Dubz

    Noticed that, been thinking of getting back into JASO as well. SOL is kicking ass today.

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  2. RaginCajun

    indeed.

    Off Solar topic, FNSR looks ready to go. Not to be confused with FSLR.

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  3. RaginCajun

    LDK went green, watching this one.

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  4. artha

    also KWT (low volume tho)

    components : http://ardour.snetglobalindexes.com/indexes_SOLRX.html

    I did well on FAN, sold it on the peak. lots of exposure to non-US market tradable things.

    holding LDK

    usually I just sell the shit when it pops 🙁

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  5. ZMoose12

    LDK is no doubt something to watch. Made it on to my Top 15 for tonight’s post, any big volume push and this thing is gone. Stuck in a wedge, but holding it and the 8.90 support nicely.

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  6. RaginCajun

    SPWRA double bottom on intraday chart, love it here.

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  7. Dubz

    Still holding my LDK from $8.16 , SOL from $4.73 sold it at $4.78 and bought back. JASO looks alright ~ $4.94 here.

    LDK is just a crazy stock. I’ve held it up to 11.50 only to ditch at b/c in disbelief. I **THINK** it is best to day trade or simply buy and ignore the volatility until a much later date. I’m going for the latter.

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  8. Dubz

    Artha – Better selling this shit when it pops then selling it when it gets into a scary murderhole.

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