Blow off CSIQ volume top yesterday at $6.09 was confirmed today

cfeng

Trainee

Posts: 107

Date of registration: Apr 25th 2013

Thanks: 4

Tuesday, April 30th 2013, 10:50am

Blow off CSIQ volume top yesterday at $6.09 was confirmed today

From the blow off top of $6.09 a 20% correction is at $4.87.

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Pop2mollys

Professional

Posts: 896

Date of registration: Jan 15th 2013

Thanks: 69

Tuesday, April 30th 2013, 10:53am

Yup nice call, I saw you make that yesterday. The roles have no changed.... SOL looking very strong and CSIQ just got hammered. More than likely temporary consolidation before next move up....

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cfeng

Trainee

Posts: 107

Date of registration: Apr 25th 2013

Thanks: 4

Tuesday, April 30th 2013, 11:00am

Regarding SOL showing strength... there has been some stealth strong buying the past few days moving shares from weak hands to strong ones. In cases like these where a couple of Chinese solars take off from the others, it makes sense to sell the runners and buy the underperformers. I did that yesterday and today and so far it has been very profitable.

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ILOVEPV

Intermediate

Posts: 264

Date of registration: Jan 28th 2013

Thanks: 11

Tuesday, April 30th 2013, 12:40pm

Nobody discuss SCTY - a prime US solar panel installer. I already mentioned it several times due to their business model.
I just sold 50% of SCTY (27.15) shares with 100% gain. A rest of completely costed out shares will be left for a long hold.
Target is unclear for me though I won't be surprised to see it over 50-60 within next 1-2 years.