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Bernie Shaeffer - options guru - in Annual Forcast says he like FSLR.
Says it has earned Zacks.com rating of 1.0, suggesting strong earnings momentum
and for the intermediate term. In early Novemenber, Co. reported third qtr
net income of $46MM, or 58 Cents/shr, a colossal jump from the previous yeare of
4.29MM or 7 Cents/shr. Revenue more than doubled during the reporting
period , and both headline numbers trumped analysts' expectations. He says
skeptisim makes for a compelling contrarian opportunity. Short
interest currently accounts for nearly 1/3 of the entire available float,
paving the way for potential short-covering rallies if the bears decide to jump
ship.
Bermie says he is also intrigued by SPWR and SOLF. He says
(PBW) PowerShares WILDERHILL CLEAN ENERGY PORTFOLIO best corresponds to
the alternative-energy sector as it currently holds 42 components, all
publicly-traded firms.
It has been a pocket of strength of late, outperforming the SPX by a wide
margin.
It has gained 62% since the beginning of the year along with impressive
support from it 20- week and 32 -week moving averages.
The PBW is also trading back above the $24 region, an area of former
resistence that may now provide support.
Happy and Prosperous New Year to All........I have enjoyed the solar
commentary and have these items on my "watch list" for buying opportunities
should they present themselves. THX
AGN.................Gerryb/jer33:3
In a message dated 12/28/2007 9:34:58 P.M. Eastern Standard Time,
profitok@xxxxxxxxxxxxx writes:
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