STP up another 20% today. Bankrupt STP is now valued more than SOL

solarcat

Unregistered

Wednesday, April 10th 2013, 12:42pm

STP up another 20% today. Bankrupt STP is now valued more than SOL

SOL has $129 mil valuation and bankrupt STP $134 million valuation. Go figure.

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solarcat

Unregistered

Wednesday, April 10th 2013, 2:32pm

ILOVEPV, stop day trading Chi solars.

stp 1.95 0.3 -84.6% 0.74 -62.1%
dq 16.7 4.91 -70.6% 6 -64.1%
jks 10.07 3.96 -60.7% 5.4 -46.4%
ldk 2.32 0.98 -57.8% 1.25 -46.1%
sol 2.85 1.25 -56.1% 1.5 -47.4%
yge 3.63 1.62 -55.4% 2.15 -40.8%
jaso 6.14 3.37 -45.1% 4.45 -27.5%
hsol 1.53 0.86 -43.8% 0.98 -35.9%
tsl 5.91 3.44 -41.8% 4.26 -27.9%
csiq 5.15 3.12 -39.4% 4.09 -20.6%

This post has been edited 1 times, last edit by "solarcat" (Apr 10th 2013, 2:47pm)

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ILOVEPV

Intermediate

Posts: 259

Date of registration: Jan 28th 2013

Thanks: 8

Wednesday, April 10th 2013, 3:42pm

why should I stop day trading Chi solars? Besides trading other sectors I made today 2 round trades with Chi solars and happy with them:
25K of YGE from 2.01 to 2.12
25K of TSL from 4.12 to 4.26
I also bought 30K of SOL at the end of a day for 1.50 - also just for swing trading.
As I stated a pull back to recent highs is still pending. First shorts have to cover excessive shares that is not easy, then accumulate and only after they will make a new rally. It can take from several days to several months. In the meantime trading is a nice source of income.

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chrisceeaustin

Trainee

Posts: 65

Date of registration: Mar 23rd 2013

Thanks: 3

Wednesday, April 10th 2013, 5:40pm

STP game over soon

Who is going to buy their rusty old factories? They couldn't make money with them and someone else is going to buy them instead of building efficient new ones?

And STP keeps their efficient factory and sloughs off the crappy ones to others? Who will take that bait?