You are not logged in.

Pop2mollys

Professional

  • "Pop2mollys" started this thread

Posts: 856

Date of registration: Jan 15th 2013

Thanks: 67

  • Send private message

1

Tuesday, March 26th 2013, 1:31pm

Selling exhausted?

A very low volume day compared to last several weeks for big players in sector... With many closing green for first time in a long time. Would love to see a follow through to upside tomorrow....

singular

Beginner

Posts: 24

Date of registration: Dec 7th 2012

  • Send private message

2

Wednesday, March 27th 2013, 12:07pm

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.

Pop2mollys

Professional

  • "Pop2mollys" started this thread

Posts: 856

Date of registration: Jan 15th 2013

Thanks: 67

  • Send private message

3

Wednesday, March 27th 2013, 1:49pm

Closed it @1.48.... On low volume again... Not even 900K shares

CSIQ a nice day, TSL in the green
Load, load, and load some more if you have dry powder. After last earnings sector tumbled only to rally 100-200% in 5 weeks

Need balls of steel to invest in this sector... And I know there is a lot of steel on this forum.

This post has been edited 1 times, last edit by "Pop2mollys" (Mar 27th 2013, 2:47pm)


Djovanny

Trainee

Posts: 68

Date of registration: Mar 4th 2013

Thanks: 1

  • Send private message

4

Wednesday, March 27th 2013, 2:39pm

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

This post has been edited 1 times, last edit by "Djovanny" (Mar 27th 2013, 2:45pm)


SunSavesUsAll

Beginner

Posts: 14

Date of registration: Feb 18th 2013

Thanks: 1

  • Send private message

5

Wednesday, March 27th 2013, 2:42pm

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.

explo

Professional

Posts: 1,055

Date of registration: Sep 29th 2012

Thanks: 94

  • Send private message

6

Wednesday, March 27th 2013, 2:43pm

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?

Paybak66

Trainee

Posts: 112

Date of registration: Jan 15th 2013

Thanks: 6

  • Send private message

7

Friday, April 19th 2013, 12:21pm

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?

ILOVEPV

Intermediate

Posts: 259

Date of registration: Jan 28th 2013

Thanks: 8

  • Send private message

8

Friday, April 19th 2013, 1:05pm

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.

Paybak66

Trainee

Posts: 112

Date of registration: Jan 15th 2013

Thanks: 6

  • Send private message

9

Tuesday, April 23rd 2013, 10:00am

A sea of green.....

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

Lets hope the trend continues!

ILOVEPV

Intermediate

Posts: 259

Date of registration: Jan 28th 2013

Thanks: 8

  • Send private message

10

Tuesday, April 23rd 2013, 10:29am

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

Unregistered

11

Tuesday, April 23rd 2013, 10:54am

As I write this, JASO +3.9%, CSIQ +5.2%, SOL +5.8%. And this is on top of outperformance yesterday. Me thinks you have lots of underwater shares from $2+ and you'll not be happy till you see $2+. Stop daytrading and you will.

solarcat

Unregistered

12

Tuesday, April 23rd 2013, 11:01am

SOL had lots of congestion in the $1.6-1.65 area with its 200SMA. Once that goes, it could go to $1.80+ in a hurry and attack its 100 and 50SMA. Once those go the fun begins. JMHO do your DD.

ILOVEPV

Intermediate

Posts: 259

Date of registration: Jan 28th 2013

Thanks: 8

  • Send private message

13

Tuesday, April 23rd 2013, 11:08am

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

Unregistered

14

Tuesday, April 23rd 2013, 11:26am

JMHO of course, but let's hope that that you rebalance soon. Cause once you are done rebalancing, that is when SOL will take off. I've seen it many times before. :)

solarcat

Unregistered

15

Tuesday, April 23rd 2013, 11:33am

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

Had you held those 15K shares from 1.41, and not sold them at 1.46 for only 5c, in just 3 days you could have made 400% more or 22c. As I said, stop daytrading Chi solars. There are much better more liquid stocks to daytrade. JMHO.

This post has been edited 1 times, last edit by "solarcat" (Apr 23rd 2013, 11:44am)


ILOVEPV

Intermediate

Posts: 259

Date of registration: Jan 28th 2013

Thanks: 8

  • Send private message

16

Tuesday, April 23rd 2013, 12:22pm

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.

solarcat

Unregistered

17

Tuesday, April 23rd 2013, 12:33pm

I'm not talking $2.80 and $5.60. I'm talking DOWN HERE at hugely undervalued $1.40. To give you an example, I day traded long Apple in the $500s all the way to $700, because I thought it was obscenely overpriced. And so I daytraded the momentum long. But once it broke its 50SMA, I shorted it with all my being and held it for 6 months. No daytrading whatsoever. See the difference? The same way you missed +400% in 3 days. JMHO.

ILOVEPV

Intermediate

Posts: 259

Date of registration: Jan 28th 2013

Thanks: 8

  • Send private message

18

Tuesday, April 23rd 2013, 12:43pm

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.

Pop2mollys

Professional

  • "Pop2mollys" started this thread

Posts: 856

Date of registration: Jan 15th 2013

Thanks: 67

  • Send private message

19

Tuesday, April 23rd 2013, 12:44pm

I'm not talking $2.80 and $5.60. I'm talking DOWN HERE at hugely undervalued $1.40. To give you an example, I day traded long Apple in the $500s all the way to $700, because I thought it was obscenely overpriced. And so I daytraded the momentum long. But once it broke its 50SMA, I shorted it with all my being and held it for 6 months. No daytrading whatsoever. See the difference? The same way you missed +400% in 3 days. JMHO.



I agree here I made several trades on SOL well above 2 to lock profit because RSI was very high. In hindsight should have traded more. But when it got down to really depressed levels I nearly doubled my position just above 1.30 and haven't sold a share since. Day trading when you believe it might be overbought makes sense to me but tradi a ton just in beginning of reversal (which can be vicious to upside) doesn't make as much sense

Social bookmarks

New Member

allisonlee(Yesterday, 11:26pm)

shinboy(May 2nd 2013, 9:03am)

outsmart(May 2nd 2013, 4:09am)

Rich7601(Apr 28th 2013, 9:18am)

cfeng(Apr 25th 2013, 7:08am)

Statistic

  • Members: 86
  • Threads: 1,136
  • Postings: 7,804 (ø 35.8/day)
  • Greetings to our newest member: allisonlee

.