Good Monday to all. We had quite a superb week last week that ended on Friday with a sale of our last portion of Cloud Peak Energy (CLD) after the company reported excellent profits that exceeded expectations. Currently, we are still holding a small 1/4 of our original position in Solarfun (SOLF) and has this not been a gem. We got involved at 9.91, and the stock has moved in four trading days to now 11.35. That is a gain of 14.5%. I wanted to hold the last position through earnings, but I feel as though I am getting quite greedy. We will exit SOLF if the stock hits 11.40 and above again.
(interesting chart to the left about consumer debt…it is declining)
We also have a position in Green Mountain Coffee Roasters (GMCR). We got involved in a Short Sale at 34.30. Our Stop Buy is set at 35.32, which has not been reached. We are currently down 0.3%. The company had been rumored to report earnings today, but it is not going to happen. We are continuing to hold…
For today, we are going to start with our Play of the Week, Updates on the Longterm List and $5 List, and end with a new Longterm Ratings Report on China Automotive (CAAS)…
Play of the Week: China Sunergy Co. Ltd. (CSUN)
Analysis: We have been playing solars for the past two weeks and making a lot of green plays. Solarfun is the latest, and we are still involved with our final portion of the position up 14%. The sector has taken off as it moves into the core of its earnings reporting. The fun really begins this evening and tomorrow morning when Solarfun, LDK Solar (LDK), and JA Solar (JASO) all report earnings. I expect them all to do very well as the solar industry is slated for a very nice Q3.
One company that could continue to see itself rise throughout the week is China Sunergy (CSUN). With a number of companies reporting, this company still has room to grow. The stock is still a step behind the others in RSI and valuation currently due to a black eye it suffered at the beginning of the year when it was sued over accounting mistakes and had to re-report earnings lower. In all other quarters, however, the stock.png)
has…
