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cfeng

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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.

Pop2mollys

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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....

cfeng

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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.

ILOVEPV

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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.

chrisceeaustin

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Wednesday, May 1st 2013, 12:39am

Not sure what to make of SCTY -- it seems overpriced but has risen big along with the others.

N0mistakes

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Wednesday, May 1st 2013, 1:12am

Cfeng - what is your definition of a "blow-off top"? And what is the basis to care what 20% off an undefined term is?

cfeng

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Wednesday, May 1st 2013, 8:25am

http://finance.yahoo.com/q/hp?s=CSIQ+Historical+Prices
Avg volume 777k
20% was the next level to watch as it was already down 10%($5.48) from 6.09

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