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:
- Here is the perfect stop loss and fslr
- date of this is 12/27/07(yesterday)
- a:notice how the lowest line, held you in long , for this whole run up,
- b: notice how when price is too much above the highest line, it time to liqidate,
- a portion of your investment,
- c: Notice how penatration ,of the highest line, brings more selling and price goes further down,
- so
- going into yesterday you would have been already out of 20-30% of your position with stop loss for another 25% at 273.77
- the following e mail will show how you would get stopped out and where the lines are at todays close
- Ben
- profitok@xxxxxxxxxxxxx
See AOL's top rated recipes and easy ways to stay in shape for winter.