Solars nearing a correction? Short FSLR.

FSLR closed @ 266

The stock ran from 100 to 280 with hardly a hiccup. The action the last two sessions indicate likely it will go down on Monday. Hey, the last time we shorted this monster, the slow amongst up got our head handed to us. So you better watch what you're doing if you want to short this. If we do catch the real correction, however, we should get a nice ride down to 200-220. Longer term, this is my favorite publicly traded solar stock, bar none. The stock is oversold the last hour; so let it bounce in the morning first before shorting.

Day or swing trade, whichever is likely gonna make ya money.


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She shoots like a girl.

Is this trading robot for real?

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How To Invest Like A Pro

There's some pretty good nuggets here to take with ya, courtesy of Jim Cramer:

"Tonight's show is all about teaching you to invest like a pro," Jim Cramer told viewers of his "Mad Money" TV show Friday. "There are all of these money-losing mistakes that people, who don't invest for a living, make when they try to manage their money and I want to help you avoid them."

Individual investors, "amateurs who run their own money in their spare time," can make more money in the market than the professionals, who run money as their full-time job and have trained for years to be better investors, Cramer said. But
most of these individual investors will never come close to that achievement mostly because of mistakes professional investors don't make and ordinary investors make constantly....continued here


Interesting articles:

Long term investors should check out IBD: Investors Business Daily

Amazing voice!

U.S. stocks seen rising as New Year begins

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N for a day or swing trade.

N closed @37

Buy the stock near 37 or below tomorrow. The stock is oversold the last hour and should rally at least in the morning.

I believe the stock will close in the green, unless we get another wicked selloff day like today. N should be headed back to 43 from here.


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Why people pay to use Google Earth

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String ribbon ESLR on the fly!

ESLR closed @ 18.8

Evergreen solar and their string ribbon technology uses 1/2 the amount of silicon for their panels than the industry average. That saves on cost, but the company is still not profitable. They expect to yield 500 megawatts by 2012 (but FSLR will be at 1 gigawatt by end of 2008). ESLR got an upgrade last week. Last session, the stock had a triple top breakout, which should bold well for higher prices.

Buy any dip tomorrow! (I'm hearing that IBD says not to buy CSUN or ESLR because they have no earnings. So you be the judge. Be quick if the stock stalls.)


Interesting article:

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Two potential daytrading shorts for Thursday - AAPL & SOLF

AAPL closed @198.9
SOLF closed @35.9

These guys had some pretty nice run the last couple of days and formed a bearish doji on one and a high wave on the other. To put it simply, they both formed a candlestick 'cross', which means indecision amongst the bulls and bears, which could mean an immediate term reversal of trend.

Put in your daytrading short on a gap up or a neutral or slightly weak premarket session. A big gap down probably isn't that great of a daytrading short.

Note that Thursdays tend to be selloff days, more often than not.

Remember these are daytrading shorts (that can be extended to a swing trade, but don't overstay your position.

For a daytrading long positions, buy N on a gap down in the morning. It's oversold in the last hour. Note that in the short term, if the stock keeps on closing weak like this, we could see an ultimate bottom at $30.


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Netsuite ceo: Software on-demand marks changing guard in the industry

Secret images of Google Earth

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Solar lovers, EMKR & SOLF will brighten your day!

EMKR closed @14.5
SOLF closed @33.1

These solars aren't the first time profiled here. In fact, EMKR was pretty recent but i like it so much i wanna shove this stock down your throats. Buy buy buy and buy more on all dips! $20 written all over it.

SOLF is a little overextended in the immediate term but i think it's the next JASO. See ya at $75. SOLF is growing alot faster than TSL as a company. SOLF broke out cleanly two trading sessions ago and i'm sure some of you are already riding its coattail.

And YGE, finally took out $40. If it stays green tomorrow, i'll see you folks at $50.


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N: GOOG all over again?

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Merry Christmas!!!

Another year has come and soon to be gone. We are one year older and hopefully we are becoming a more wiser and knowledgeable trader. I'd like to wish everyone of you and your family a Merry Christmas. :)

On a different note, i've just recently created an additional page to this blog. On the left sidebar is the link 'Goto my video blog'. Click onto it and it will take you to a new page (blog) where i will post interesting stuff for your perusal. Hope you enjoy!

Got any articles, videos or images you want me to post? Feel free to email me at beanieville@gmail.com .


Interesting articles:

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The Two Books You Must Read

They are Michael Parness' "Rule the Freakin Markets" and "Power Trading Power Living" because they will turn your world upside down and get your engine started thinking about a whole new world of possibilities you never could have imagined regarding trading. I have read "Rule the Freakin Markets" over 10 times. I found that i sometimes keep on making the same idiotic mistakes over and over again that i keep on going back and reading about those mistakes. Visit Waxie's website here.

In my opinion, these books are much better than the often quoted trading book "Reminiscence of a Stock Operator" about Jesse Livermore. Waxie's books are so much more practical and useful and i believe he's a much better trader than Jesse Livermore, who shot himself to death after going bankrupt many times.

N will not and cannot stay down.

N closed @ 35.50

I didn't know that Larry Ellison was ipo-ing this company until someone mentioned it today. I loaded up 3/4 of the position i wanted and will buy the last 1/4 tomorrow.

N has about 60 million shares outstanding (Ellison owning about 55% or 33 million shares). Only 6 million shares are floated. Larry Ellison is arguably the most savvy and prolific tech businessman in all of Silicon Valley. Steve Jobs is the other. They both have the Midas Touch. I would never bet against them in their ability to run or influence a company.

Today's close signifies a strong demand in N, with EXTREMELY limited supply. This kind of discrepancy means any and all dips will be bought.

Remember i said many times for the last year that CRM (N's competitor) will become a behemoth and that it is the next Oracle? Incidentally, Ellison owns shares in both N and CRM. I wonder why Ellison would own so much of N if he didn't think it was gonna be something big. Although N has only 5500 customers compared to CRM's 35,000, it is growing like crazy, from $3 million in revenues in 2004 to nearly $100 million this year. N and CRM operate in a very nascent industry (currently the profit is slim) where they treat software as a service - "on-demand software" based on a subscription model. N has never been profitable but i'm pretty sure they will be as the industry grows. N focuses on the small and medium sized businesses, and there are over 7 million of them. So the future potential market is enormous!

I believe because of the low float and because it is Larry Ellison's baby, traders will bid N eventually to $4 billion market capitalization (half the size of what CRM is trading right now) by the next earnings report. N is currently at $2 billion market cap. I am putting and initial price target of $50 and ultimately to $70. After that, N will need to "show us the money."

This post i know is very long. It's because i think traders can make alot of money trading this stock, thanks to the float.

The stock is kinda overbought right now. But hey, the float is so incredibly small relative to interest that i'm sure it will be very volatile and can get to insane valuations.


Interesting articles:

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Ok, now this LDK is starting to make me take notice

I am looking at the charts of my Four Horsemen of Solars (my favorites in this order) - FSLR, SPWR, STP, and LDK - and they are now showing signs that a likely correction is coming. This is based purely on the technicals. Of course, any gargantuan news could change that.

You know me, i don't like to ride stocks down into a correction, even if they were meant for a longer term hold. So tomorrow, the first thing i am gonna shed off, if it looks like it's gonna crap out, is LDK that i purchased near 40. Pretty much all of these stocks have no choice but to close green tomorrow. If they don't, they probably gonna get hit. I may even short them down.

When i'm gonna buy them back is based on my sole discretion. I'll be watching the tape.


Interesting articles:

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Outlook for CSIQ is so bright my eyes are hurtin!

CSIQ closed @ 26.8

This is not the first time i am profiling this stock. It's just that i feel there is upside from here (and possibly very soon) that i need you to pay attention. CSIQ is a Canadian solar company that, like many of this sector, is growing extremely fast at over 100% year over year. Again, as you already know, i love the solar sector and have been pumping them for nearly a year now.

CSIQ, for reasons i've not quite sure, was being bought like hot cakes today on very high volume. The stock is now trading at lifetime highs and also closed near the high of day, which is pretty bullish. It is not yet profitable but will be as soon as the next quarter or so.

I am giving it a price target of $75 by end of March 2008.

Buy buy buy, and buy even more on all dips from here.


Interesting articles:

Are Tuesdays Good Reversal Days? Wow, this guy is saying Cramer is pumping FSLR so his friends can get out! I thought only yahoo boards people say things like that! lol

buy this stock

Short AAPL

AAPL closed @ 184.4

The stock is coming down from an overbought condition, which means there could be potentially alot of downside.

With such an ugly market drop on Monday, I think one can safely say that Santa Claus got ran over by a reindeer. Now it is all about tax selling.

Any rally in the morning can be shorted. 178 is the 50dayMA.

Day or swing trade.

I had the opportunity to look at alot of charts. If they were oversold, then there might be a chance of a year end rally. But many are actually overbought and with the market this ugly, you should play defensive. Hedge what you plan to keep, or sell the rallies, or short stocks, or short stocks Beanie-style (by selling what you own and shorting the exact stocks at 1/2 shares). Even FSLR, which got a really nice Cramer pump this evening, may not hold up tomorrow.


Interesting articles:

A Market On The Brink"

This is a test....

this is a test

LDK going warp 9!

LDK closed @ 56.8

The only reason this stock is trading here was because of the inventory issue. But no more! LDK investigation finds no error

I have said many times this stock is worth $100-150 once the scandal clears. Earnings is this Wednesday. We'll see how far this monster's gonna take us.

buy buy buy!


Interesting articles:

buy this stock

Alternative Energy Unstoppable

Solar stocks have been wonderful to us for about a year now. FSLR gave us a 500% return, SPWR gave us a 300% return, and many more in the solar world.

I think alternative energy will become huge as they start getting into mainstream consciousness. There is a global urgency now that we must protect our environment or we as humans will be in trouble. The political bodies all around the world are waking up to what it means to have our ozone layer being depleted drastically year after year. It is why many of the alternative energy stocks have been flyin. I suspect 2008 will also be a really great year for this sector. Therefore, i urge everyone to be cognizant of this paradigm shift. Even Google founders have expressed an initiative to get into the alternative energy field, with the goal of producing green energy to the tune of 1 gigawatt. That's like producing electricity to an entire city like San Francisco. This is a very wonderful start from a super high tech corporation such as Google.

Good luck to you and your family and your future investments. May you invest in stocks that "do no evil", and hopefully you will be richly rewarded for helping to save the human race.


God Bless,

Beanie

Sunny days for EMKR

EMKR closed @ 12.2

This company specializes in fiberoptics and photovotaics, the latter makes terrestial solar cells (solar cells for Outer Space uses) that gets efficiencies of 40%.

The stock was bought on high volume the last two days. Multiyear high is at 12.7 . Once that gets broken, it's headed to $20 very quickly is what i think. And i think it's destined to crack that 12.7 resistance with solars as hot as they are.

Let's wait till it takes out 12.7 , or wait for a dip, before buying.


Interesting articles:

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SuperBowl Thursday for Bulls & Bears

I believe tomorrow is a really important day, which will decide whether we gonna get a Santa Claus rally. No stock picks as a result. Just daytrading whatever comes at us, although i've asked you to short stocks at the close for an overnite daytrade.

The bears have these advantages:
- S&P closed below 1490 the last two days
- The Fed didn't give traders the 50 basis point cut that they really wanted and that they feel that the market really needs
- Many traders are very 'disgusted' by the Fed trying to manipulate the market
- Bank and housing in the gutters
- We are below the 50dayMA the last two days

The bulls have these advantages:
- The last two days, even though it looks like nasty drops, actually indicate a potential bullish reversal in candlesticks charting. The open and close price stayed in between yesterday's open and close price.
- Even though traders didn't like what the fed did the last two days, in time it will help the market.
- Major indicis are still trading above their 200dayMA.
- It's the month of Christmas, give the bulls a break!


What you need to watch tomorrow is that the market CLOSES above its OPEN. Combine that with the S&P closing above 1490, there's still a decent chance the bulls will get their Santa rally.

On a different note, solars are very resilient. If you're shorting them, you should take profits quickly and at support levels and reshort at resistance. It is very dangerous to hold your solar shorts for longer periods. Better yet, if you're not fast enough you're better off leaving the shorting to me.

Fed Did The Right Thing

Hey Fed, The Crisis Is Real Already

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SPWR: The Sun Going Down On Me...

'Don't let the sun go down on me'

SPWR closed @ 124

Today was a brutal day for the bulls. Many did not expect this kind of a sour reaction to Benanke's 1/4 cut.

The S&P closed below the important 1490 level. This is quite bearish short term for this index. Both the Dow and Nasdaq also look bearish as well. The inverted head n' shoulders breakout got on the indexes got invalidated, which is usually bearish short term. You need to be careful if the indexes trade much below their opening price tomorrow.

SPWR shows broken down technicals. It should now be headed towards a correction. Since this is a decent size solar company, it will take FSLR and STP, and the rest of this sector along with it. The likelihood of seeing 100 again is high, especially if it can't hold 124 - a double bottom breakdown will ensue and it won't be pretty.

As indicated in the comments today, i started shorting SPWR this afternoon.

Day to swing trade.

Btw, we got only 14 trading days to close out 2007. Today's selloff cannot be worked out in 1 or 2 days, unless the Fed does something miraculous soon. Hence, the likelihood of a Santa Claus rally decreases considerably. If we don't close in the green tomorrow, consider it gone.

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ASTI for a day or swing trade.

ASTI closed @ 22

This solar stock has a pretty nice chart. However, the company is unprofitable and has yet to sell any products in a significant way. A company that specializes in efficent housing (like selling energy efficient windows, doors, etc.) seems to believe in it and proceeded to acquire 25% ownership of the company.

At this point in time, i don't consider ASTI as an investment.

Daytrade or swingtrade, whichever makes ya more money.


Interesting quote:

"If we got a half-point cut from the Fed on Tuesday, I think you could see as much as a thousand-point rally on the Dow between here and year-end." - Jim Cramer


buy this stock or buy this stock

YGE now a hot sunny stock!

YGE closed @ 31.9

The stock finally closed above the 50dayMA at 30.5 and, as promised, it becomes an official recommendation (again!). The upgrade by Bank of America on Friday was the catalyst that broke the bears' backs. YGE chart

What is there not to like about the charts? Nothing. Just a wonderful chart. It will retest the old high of 39 and should blast thru it. I'll be even more certain of this trajectory if it can close above 34.

Back up the truck! It's Bank of America doing the upgrade, not your sissyboy outfit! Day, swing or longer term trade.

On a different note, I will be buying back one of my favorites soon --> VMW.


Interesting articles:

Hedging With ETFs

Buy VMW!

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PBW is the clean energy etf that you must own!

PBW closed @ 25.4

If you believe, like i do, in the Global Warming crisis that we're facing now, you should own this exchange-traded fund. As you know, solar stocks are on fire and many other alternative energy stocks (ethanol, batteries, fuel cells) have bottomed and are now ready for liftoff.

I am very confident that PBW will trade north of $100 within 3 years. Remember they have not added many of the solar stocks into the PBW.

PBW is way too cheap. I believe you will be very happy within 3 years if you own it. Remember i told ya about a year ago to own solars like FSLR (at less than $50) , SPWR (below $50), STP ($35) and several others, and i said that if you own them for just one year you will be very happy? The later has now come to pass and many of you who still hold solars are extremely happy.

I have decided to put 40% of my entire portfolio into PBW as early as this coming Monday.

Good luck.


Interesting articles:

Last Warning on Global Warming

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Interesting links

We think we found the apple the Eve ate!

Chinese GIGM gets a full house?

GIGM closed @ 19.82

The charts looks very decent but sits slightly below the 50dayMA of 19.84 . A definitive break above 20 is when you get in. (I prefer to get in above 21 or 22, though).

GIGM isn't one of my favorites and i usually don't like stocks trading under $30, unless you're a solar outfit. GIGM has essentially doubled its stock price just about every year for the last three years. If history is of any guide, this stock should be at $40 by this time next year.

Day, swing or longer term trade.

Learn to trade for a living like a madman. Get the 2-weeks free trial at Trendfund


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Google Web Accelerator

What Is Google Up To?

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The Bears' Last Stand?

If the bulls can muster another strong day tomorrow, we will get the beginnings of our Santa Claus rally. It would necessitate a full bear retreat.

Let's look at:

IWM chart
Oversold and reversal. And if it closes above 77, you can't make a bear case for this.

SPY chart
Oversold and reversal. Closed above the 200dayMA for the 2nd time in four days.

DIA chart
Oversold and reversal. Closed above 200dayMA for 6 days already.

QQQQ chart
Oversold and reversal. All this gloom and doom, it never traded below the 200dayMA.


None of the above charts show that the bears are really in control. The one with some concern is the IWM, which broke the long term uptrend line last week and still below it. I contend that if the IWM can manage another STRONG close tomorrow, along with the other 3 indexes, the bears should go in full retreat mode and hence give us our Christmas Rally. I think that will be the case. I don't know many who can short Christmas and get out alive.

On a different note, VMW is a really good buy in the low 90's.


Interesting articles:

Will the Real Santa Claus Rally Please Stand Up?

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VMW going higher tomorrow.

VMW closed @ 95.1

QQQQ & IWM favors the upside tomorrow. So likely the market will be higher, but it probably won't go very far. VMW could be a good daytrade or swingtrade above 95. Trading above 96 is a good sign, but above 97 is even better.

This stock has been firming up for days and now sitting slightly below the 50dayMA of 96.1 . However, the last 3 days, VMW wasn't able to close above that moving average. Could they do it tomorrow?

Friday is the employment report and likely it will be pretty aweful, which should set the stage for a rate cut on the Dec 11th.

On a different note, Thursday is the Renewable Energy Bill voting. If the solars blast off again tomorrow, expect some profitaking by the close. Can you blame the traders? It's just the prudent thing to do. They can always buy back in on Thursday if they like the results, taking in consideration of the general market of course.


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VMW Shakes Off Worries

10 Rumors That Are Making The Rounds

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TSL is a great buy!

TSL closed @ 45.2

With everything being equal (as in the market doesn't get taken to the barn and shot to death this month), TSL should be on its way to the 60's.

This stock is too oversold. It has a hiccup last quarter but solars are still the best place to be. Their growth is huge. We got a couple years left in these guys.

I would like ya to buy some calls in addition to the stock but the bears are still wearing the bulls out. Stick with the stock.

Longer term, i just can't imagine this stock going much lower.

I want to tell ya to back up the truck on this one tomorrow, but the market looks like it's gonna get hit again. The solars and oils rise despite the market going down today. I'm not sure if they can do it again tomorrow. Be on the lookout.


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How Long Can November's Woes Linger?

Beautiful Miss World 2007

Back up the truck on solar SOLF!

SOLF closed @16.35

On Thursday they beat analysts' estimates by announcing income of 17 cents (which beat by 14 cents) and revenue of 100 million. The company raised full year 2007 outlook to 280-300 million.

The stock is just too freakin cheap! You may want to back up the truck on the stock right here right now. (Actually, a dip is even better. Back up 9 trucks!)

While SOLF isn't my top 5 solar favorites, there definately will be upside. A Santa Claus Rally, which i believe we will get, should help rocket this stock.

If you like this post, buy me a latte!





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Bearish November Leads To Bullish December

Nasdaq Opens in Beijing

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