Hello readers,
I have a new Overnight Trade of the Day for you. I have been out of the office for the last couple days due to some other commitments, but I am going to be having a really productive week next week for you. If you follow anyone on Seeking Alpha, I just became a certified writer for the site. You can visit me on there at http://seekingalpha.com/author/the-oxen-group. I would love to have you as a follower. Next week, we will be getting back to daily two picks with some overnight trades thrown in there. i am feeling good about next week, so let’s get excited.
Here is the pick…
Overnight Trade of the Day: Solarfun Power Holdings (SOLF)
There has been a lot of speculation and turmoil in the solar market. It is one of those extremely volatile markets that can change direction on a dime and is heavily influenced by everything from governments to company reports to the weather. While I am not writing this article as an endorsement of the solar industry as anything productive in the long term. I do think that certain solar stocks, especially some of the undervalued ones, have presented some great trades over the past week and moving into next week. 
One of these such stocks that I am bullish about to buy today and sell tomorrow is SOLF. Solarfun is one of my favorite stocks, so I went extra in-depth on this one to make sure I was getting rid of any biases. The company reports its earnings tomorrow, and I am expecting big things out of SOLF for tomorrow. The company is your typical PV producer with most of its business in China and Germany like many others. Its most similarly structured and sized company is Suntech Power, which is good news for SOLF traders.
Suntech reported some exceptional earnings this morning, beating their estimates by over 100% and shedding light in an industry that has a great quarter but has a lot of questions surrounding it. A lot of these questions involve the market for solar energy. It is a highly subsidized industry that may be facing some major cuts in the coming year from Germany, which gave a lot of these companies a black eye moving into earnings. Solar companies’ response was for five of the major solar producers that have reported so far, all five beat earnings. Looking at Suntech, the company has…
