SolarPVInvestor Forums

I was hoping for the same. But instead, SOL down another 7% on anemic volume. They are trading it like is was going bankrupt. My gains are just about gone.

Another 25 % downside risk .you can start bying blocks now but i will wait till it gets lower

Most of the 900K volume is probably just computers trading with each other. Look at yesterday's chart. I've never seen such a flat line.

Quoted from "Djovanny"

Another 25 % downside risk but you can start bying blocks now

You expect it to double bottom and then trend up? What's the risk that the we're still in a down trend?

Now with LDKs report behind us, lets hope that this is the start of an uptrend.

ILOVEPV....whats your take on short shares covered, etc at this point?

if you are asking about up to date short interest (i.e. real time today) I do not think it changed substantially from the last report. We remember that only SOL was hit with 60% increase while others were more or less in the same as previous range. Probably the next report (in a week) will indicate a little bit less SI for SOL and no/small changes for others. But again a current real time SI is higher than we will learn in a week report. It is very difficult to cover 5M shares (SOL) or 18M (TSL) but if you remember JKS had over 7M sold short shares and many thought it is impossible to cover with 30-50K daily volume. Nevertheless it was covered for less than 1 year with no crucial price increase. As for the last month events retail investors/traders are not responsible for the volume - almost all the trading in Chi solars are institutional traders. There are a lot of fraud inside trading indicators to mislead people. For example I bought this morning 15K of SOL for 1.41 while ask was only 200 shares. All the shares were bought in 1 shot while bid/ask structure did not change. When I sold these shares for 1.46 it was the same "blind" 1 shot sale. I'm sure a real volume is much higher than we are showed.

A sea of green.....

SOL up the past five days or so....TSL up nicely today.

Lets hope the trend continues!

nice day today for solars though SOL as always is behind the pack. Probably this pattern will be broken and SOL will speed up majority of the pack (I wish ). YGE got a better trust today due to financing - that is why YGE is %% leader.
As for nearest future: I do not think this micro rally will be sustainable. May be several day more and then testing an intermediate bottom again.

solarcat
You know what I have. Okay, once again. My strategy with PV solars is simple: holding intact a core position and trading the same shares to make a core position initial cost less and adding to a core position from time to time. For the time being a core SOL average of 75K shares cost is 97 cents (due to trading) though my first buy was 1.44. SOL core position is 50% of my PV position in terms of cost. All other stocks I hold (and trade) are TSL, CSIQ, JKS, SPWR, FSLR, SCTY (right now they are 8% approximately each). I made so big "courtesy" for SOL because I estimated it as the most undervalued one. I was mistaken and as soon as SOL makes a big move up I will "rebalance" PV solar portfolio.

solarcat
you mess trading and investing. When I day/swing trade stocks I do not care too much about a further move. I have been trading for example SOL in 2.40-2.80 and TSL in 5.5-6 range too. Should I hold those shares I would have been in a big loss now. As for your notice about SOL ramping up after I rebalance you are right . This is almost always my luck, that is why I prefer fast trading that never put me down.

how do you know what i missed and what not? Just for the best of your knowledge: if we are talking about SOL I traded it from those 1.41-1.46 6-7 times more including today: bought 1.55 and sold 1.62. I also trade many stocks including ETFs such as NUGT, VXX, XIV, etc making sometimes 20-25 transactions per day. My broker is happy getting big commissions and set for me a special rate of $4.99/trade. May be you are a better trader than me - it is good to know it and learn from you.