Solars dropped today, probably great time to exit swings if in (not a recommendation).
Right re big run JKS.
Now I'm looking for swing CGC if it gets over 21
Why is Solar Sector on fire?
- Thread starter HeSaidSheSaid
- Start date
Solars dropped today, probably great time to exit swings if in (not a recommendation).
Right re big run JKS.
Now I'm looking for swing CGC if it gets over 21
Here's a notion....
I'm not good at chasing big moves... I don't have FOMO. I'd rather buy cheap or relatively cheap... and at least at technical support.
I've had the notion of buying pot stocks when the market has a big swoon like in 2008-2009, as pot stocks may be selling for "pennies"... you know, like Citi did in 2009. (Can you imagine a money-center bank like Citi selling for <$1?).
Solar could be a major thing to invest in after a big bear market. (They always "throw the baby out with the bath water", you know.) Whether one chases FOMO now or puts it on the "back-burner radar" to perhaps buy later, looks like solar should be on the watch list.
Now as to JKS.... While some traders poo-poo "Fibonacci retracements", I'm not one of them. Just in case there is a "Fib" in this one, it could be a good idea to make a play on it. See chart.
Years ago when I traded commodity futures, one of the "10 Commandments of Trading" was to "buy the 50% retracement". Still true today. Same applies to stocks and stock index futures.
The "50% Fibonacci retracement" I refer to as just "The Fib". It's not only "50%", but a range from a bit less than 50% to a bit more than 62%. So in this case, from ~ $55 to ~$45... if given the chance. But if not now, whenever it occurs at a later and higher price.
FWIW...
Last edited:
Excellent points, right re 50% mean reversion/fib pivots one of the best plays... right re no chasing
When you "chase late" (FOMO?), you suspend risk control. That leaves you open to the possibility of big and maybe even catastrophic loss. I don't do that.
There's always another play another day... if you keep your capital intact, that is.
I wouldn’t like to be long an etf stuffed with oil companies. Battery cars and solar power will kill them.
Well, like any other trade... you can play ANYTHING with a stop.
More money to be made investing.
Speaking of battery cars....
There is a Japanese car maker that makes an electric job that will go 0-60 MPH in 1.69 seconds*! Are you serious? (How do they get enough traction to overcome the mass inertia?) I once rode in a friend's Porsche... a 0-60 job in ~3.5 seconds. That felt like a rocket sled ride. This Japanese supercar must be like being shot out of a howitzer!!
* For a mere $3.2 MM, you can have one of your own.
Last edited:
The Tesla roadster will do 0-60 in 1.9 seconds for $200,000. Apparently you really feel it in your eyes.
Hadn't heard of that. I'd heard they had a sub-3 second model, but that's just ridiculous. (0-60, sub 2-seconds.. for $200K? Sounds like a bargain.)
What's next, warp speed?
Last edited: