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solarpete

Solar Investor
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solarpete last won the day on April 18

solarpete had the most liked content!

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About solarpete

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    Colorado Springs

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  1. Daqo (DQ)

    Hard to say. As you say, this is DQ. Before the placement announcement, the stock had serious momentum, moving from the mid-40s to the low 60s. Volume was average, though, so it sounds like someone wanted in and did so slowly and steadily over a period of days. If that buyer hadn't finished building his position yet and is still out there, we could resume our climb fairly shortly. But if they're done, I think we hover here, between 50-55, until earnings. If they earn another 3 bucks a share this quarter (and remember they said last quarter this year is already largely booked out, so this is quite possible), I think we go to 70. If it's only 2 bucks, we stay in the 40-60 range, subject to the vagaries of whatever news drives the markets on any given day.
  2. Daqo (DQ)

    Yes, and the price is near the offering price. The question is, can we recapture that earlier momentum that was taking is up over 60? Or are we going to be capped at 55 for a while?
  3. Trading Strategy

    I often find round numbers can act as resistance, with the price pulling up just short before pulling back. I usually set my sell price at x dollars 98 cents, not y dollars even. Just an idea....
  4. Solar News

    Note the article doesn't say what the price is. Given Solar World's financial status, SPWR is likely paying pennies for the dollar. So even given SPWR's weak finances, I doubt they're adding much debt.
  5. Trading Strategy

    The FSLR message board on Yahoo says there's a Bank of America upgrade out, with a new target of $83.
  6. Daqo (DQ)

    https://finance.yahoo.com/news/daqo-energy-corp-announces-proposed-200000776.html Son of a biscuit!! Just about the time I get back to close to breakeven on my trading shares in the low to mid 60s, they drop this bombshell. Sometimes you just can't win....
  7. JinkoSolar (JKS)

    Of course they announce this on a day the US stock markets are closed. Would probably have given JKS a nice boost, at least for the day (enough for me to sell the trading shares I bought at 18.50). Wonder if anyone will remember on Monday--sigh....
  8. JinkoSolar (JKS)

    I don't know--the transcript makes it sound like they said a definite NO to going private. Which I'm very happy to hear, since they also foresee slow but steady growth in the future.
  9. Solar News

    I'd be happy with prices back to the mid-60s.
  10. Solar News

    I wouldn't call that doom and gloom. The JKS transcript says the same thing, but they also say those numbers may be conservative, AND they say emerging markets are coming on strong. Their bottom line was while the pace may be slow, the future for the entire solar industry still looks bright.
  11. Solar News

    Good point about the Fed rate hikes being gradual, to give industry time to adjust. By the same argument, I don't get the panic drop in DQ. Yes, ASPs are falling. But the company said they're basically sold out for the next year--so they have a year to work on reducing their costs accordingly. And in the past, they've been able to do just that. I guess we'll see, but I didn't sell what I bought at higher prices, expecting a recovery.
  12. Solar News

    Hmm. In this case, I wonder if he has a point? The basic argument makes sense to me: if federal interest rates go up, I'd expect commercial interest rates to follow suit. Which would make it more expensive to finance large projects if you have to borrow the money. Which would cut into your profit margins. By how much? That's the ultimate question. I don't know if this will be a gloom-and-doom scenario, but I do think it's something else to keep an eye on. Anybody disagree?
  13. Solar News

    In the meantime, there's this: https://finance.yahoo.com/news/1-factor-bigger-deal-solar-120500094.html I note this concern doesn't seem to be slowing down FSLR and (especially!) RUN today.... solarpete
  14. Trading Solars

    Not much to discuss. PV panel makers continue to sputter along, most barely profitable even with 100 GW/yr installations. "Profitless prosperity," indeed. There is some action in FSLR and DQ. But both have positives and negatives (FSLR coming off a lousy quarter, looking to get better, while DQ came off a great quarter, but may not be able to maintain that pace), so their prices could go either way from here. I don't know enough about REITs to have an informed opinion. As for the market in general, it could of course tank 10-20% at any time for any or no reason whatsoever, but economists don't see the next recession looming yet. A bigger problem is interest rates. As they rise, even moderately, so does the interest on the US national debt. Add to that the fact we've chosen to also increase the size of the debt, at a time when the economy is doing fine and does not need stimulus spending, and there will come the day when that bill comes due. THAT may tank the market quite severely. But when that will happen is anyone's guess.
  15. Daqo (DQ)

    Meanwhile, DQ is now a Zack's #1 rank Strong Buy (sorry, but I can't post the link--the paste function is not working in this window).
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