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Daqo (DQ)

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Guest redsolar

Correct...but they do outsource module and sell them with DAQO brand. By now, it may have been dead already.

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Guest spiritcraft

That was my question over at Yahoo... seems that the reverse split is forcing something?

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Up more than 40% at some point today. High volume too. Doesn't seem random.

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Momentum continuous. Up $3 at one point today. They're obviously depending a lot on poly price in China, but they are still very exposed. Q3 result were preliminary. PPE (80% of their assets) impairment test is conducted. Consolidation target?

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Guest spiritcraft

Maybe, otherwise it is just that low share count. Hard to buy and hard to cover. 139k shares traded. before I found solar and went off my rocker, I used to screen for companies with extremely low floats, profitable ones where eps growth and news created days like today for DQ. I did really well but all three that were favorites were swallowed up which limited upside.

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Up almost 300% now in about two months. JKS is up the same since its $2 bottom. Looks like train has left the end station and going high speed in the other direction for some of these stocks. Either that or these two stocks need to drop 75% from here to revisit the lows. I can understand single day weirdness due to low float, but it's a 2-3 month trend here.

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Guest mena

$17.3 million in cash down from $53.8 million in Q3. $307.8 million in total debt where $120 million is short term. I have not follow Daqo well but that cant be good. Even if their poly will be cash positive Im sure it wont cover that kind of short term debt.

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A lot of positive hints in the cc, nobody showed up to ask questions.

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Guest larryvand

nobody showed up to ask questions.

Looks like everyone has abandoned Chinese solars.

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Guest larryvand

How can anyone be happy holding on to Chinese solars? It does not matter what they report or what they say. The street hates them just the same.

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Guest eysteinh

Lol yeah I was thinking about that too :) But seriously a bit sad for DQ if polysilicon turn around now and they just happen to miss it. But better for the other polysilicon players if they are consolidated.

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Guest larryvand

JKS also down 60% at 4.17 since mid February. Maybe get some of that too? So is 60% the magic number?

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