Friday, September 21, 2007
Sector Spotlight: Alternative Energy
As you can see, the bears are getting their lips punched off, especially in the metals. As you know, my long term favorites in the metals are KALU, RS, CENX and ATI.
Thus far, there is broad strength, but not excessive. Meaning: there is still a chance for the bears to mount an attack. However, there are notable winners, such as: LULU, INFN, DECK, TXN, NINE, ATV, BIDZ, NILE, OSTK, ORCL, RIMM and iiG.
That's right fuckface, I said iiG. Where are the fucking snide remarks, doubting "Dollar Danks" now? Where are the pussified emails asking: "gee Fly, is IIG still good"?
Go ahead, bet against me. Next thing you know, your house is being foreclosed on.
Finally, the rate cut has given jet fuel to the rally in crude. As a result, oil is at new highs and oil stocks are on fire. Today, big rallies can be found in SHI, PTR, CEO, ENG, SNP, NOV, DK and DWSN. In addition, there is a monster rally in alternative energy stocks, such as FSLR, ENER, EEE, LDK, JASO, GPRE, HOKU, DSTI and SUF.
UPDATE: Since we're on the topic of oil. Check this out. Never doubt "The Fly." He's much smarter than you.
Based on today's breakout (assuming it holds) it might be black boxed this weekend.
Know anything of XFML? Another china advertising co, way off it's Feb IPO. 222% Y/Y growth. Olympics coming. What do you think?
Anyway, we are in Richmond Va.
I've watched BRUD for many months waiting for the breakout. I added to my position earlier today.
We are BRUD brothers.
You need to credit me for meantioning TSL in one of my old comments here. I said if you like volatility, check out TSL. Long it at $40 and short it at $70. When I said it was at $40. I did not buy it myself since I was handful in SWC.
I shorted FSLR on Friday at $110. This is the only toxic solar player, based on a technology which is based on CdTe. Cadmium is extremely harmful to the environment. The whole technology is not going any where.
I plan to short TSL at $70. $50-ish is a price that is hard to judge which way it will move.
"If you love swing trading volatile stock, try TSL. I think $40 is probably the bottom, and $70+ is probably the top. I traded it twice in the past, both long and short. Both very profitable."
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