I declare that it is now time to trade Solar: CSUN

Its a simple formula. We, the peanut gallery, do not truly know whats going on behind the curtains. Of course, we have access to the 10-Qs and the valuation methods we see on Yahoo.

However, this valuation data is to convince the crowd whether to buy or sell. The crowd is already convinced that they should buy and they have been doing so for months.

FSLR continues to make higher highs and higher lows and on greater volume. There are no signs of distribution and only accumulation. All dips are buying opportunities, that is, until it stops making higher highs and higher lows. When that will be, I have no idea.

It does feel weird buying a stock with such high metrics and after a nice long run. However, history has proven that such a stock will keep moving higher and the next conference call isnt for another 2-3 months. So the crowd will keep bidding it up all the way until then.

I wouldnt be surprised to see FSLR trading at over 100 in the months to come. However, with so much baked into the price, any disappointing news will result in a huge gap down.

I wouldnt be uncomfortable buying it at the current price. Im certain it will move into the 80s and maybe much higher in the next month.

Would you buy a 7 dollar stock if you thought it would go to 9? Thats where we are with FSLR. The possibility of it going from the 70s to the 90s is real and investors are willing to buy it despite inflated valuation metrics.


Quote from dinoman:

FSLR with a 338 P/E sounds like a great buy to me.

NOT

Late to the game!
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Quote from michaelscott:

The rise in the price of gas is because of a lack of refineries. No new refineries will be built in the future and operations will be scaled back mainly because of Ethanol and other alternative energy legislation. Those companies that operate refineries will not invest new money into them if Bush is going to reduce the consumption of gasoline into the country.

Therefore, 4-5 dollar per gallon gasoline is a certainty.

The new floor on oil will now be $68 with a rise to over $100 a certainty. The reason will not be terrorism or an interuption, but because of supply and demand. The worldwide rig count is only up 4.5% from last year. This year demand is much higher, but the world only works with 4.5% more rigs then last year to produce oil.
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Michael, with all due respect, you have not a clue about the inner workings of the energy markets. First off, we don't need to build new refineries, we need to use what we already have. Utilization is under 90% right now when it is historically 95-97% at this time. Us crude stocks are at some of the highest levels ever!! And while we have not built a new refinery in decades, we have greatly expanded capacity at existing refineries.

Of our daily demand for crude in the US, less than half of it is for gasoline. If you are bearish the economy as it seems in most of your posts, you will realize that a slowdown in consumption will result in less demand for petroleum that makes up so many items that are not related to energy (plastics, etc...). Fuel use can remain static and a slowdown will decrease demand. If prices run up we will kill more demand.

Bottom line is, like stated before, unless there is an act of terrorism that affects supply we will not make your supercycle run in the next 1-2 years.

Be patient, it will come but the underlying fundamentals and dynamics are not ready just yet.
 
I hope you guys took advantage of the CSUN play and the other solars I mentioned in this post. Im generally bullish on the entire solar scene right now except for a select few like SOLF and CSIQ. Generally speaking, the ones that have shown strength the last few days I am bullish on while the dogs should be left in the pound.
 
Quote from michaelscott:

Oil is now in its supercycle going to rise to over 100 dollars a barrel in the months to come. Im not the only one seeing this, but I am seeing the price action in the solars becoming hot once more.

I saw this one stock, CSUN, in which it made a rounded double bottom and is now returning to the IPO high of 17 dollars. My price target on CSUN is 23 dollars at this point.
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$13!! LOL you're such a putz. Take your meds please. And step away from the computer.
 
HOKU nuts today

http://finance.yahoo.com/q/pr?s=HOKU

Hoku Scientific, Inc., a materials science company, focuses on clean energy technologies. The company designs, develops, and manufactures membrane electrode assemblies (MEAs) and membranes for proton exchange membrane. It develops custom monomers and polymers for MEAs. The company also develops polysilicon-based photovoltaic (PV) modules for solar power systems; and polysilicon, a primary raw material used to manufacture PV modules. Hoku Scientific offers its products and services for the residential primary power, commercial back-up, and automotive hydrogen fuel cell markets.
 
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