Hey all. Happy Friday. We had a really great week this week with a number of stellar plays. Yesterday, we made it the second day in a row for three profitable trades as we closed out positions in Quidel (QDEL), Big Lots (BIG), and Verifone (PAY). Quidel was yestreday’s first Buy Pick of the Day. We got involved at 11.33, and we exited in the morning at 11.74 for a 4% gain as the company moved up with the market and an upgrade. BIG was our Play of the Week from Monday. We got involved at 36.50 on Monday, looking for 4-6% throughout the week. Unfortunately, the stock never hit 4%, so we had to settle for just a 2% gain, exiting at 37.24. Finally, we had a BIG WINNER in Verifone for our second Overnight Trade from Wednesday to Thursday. We got involved at 17.25 on Wednesday, and I exited in the morning yesterday at 18.65 for an 8.5% gain!!!
Today, I am going to cap off the week by changing things up with an investigation into the long term prospects for the solar company Trina Solar. The report will also begin a brand new Fund/Portfolio that I will be tracking long term. These plays could range from a couple months to a year to longer. I won’t be monitoring them as frequently as my other trades, but they will be followed for developments and percentage gained and lost. This will be something I will be doing every Friday.
Long Term Investment of the Week: Trina Solar Ltd. (TSL)
Solar energy has continued to be one of the most challenging industries to predict, Many of the companies involved continueto operate with low margins and struggle to continually be profitable. The market is overcrowded with too many companies, offering mostly similar silicon photovoltaic modules, and subsidies from various governments that have helped to establish the infant solar industry are being cut. Yet, among all these risks, a handful of companies have established themselves as the market leaders with continual growth, diversification across several markets, and the most efficient products.
