Bought TSL at $23, my first purchase of a Chinese solar. I am impressed by their 3Q numbers. I was also impressed by their confidence for 2011. They think a lot of the capacity in the industry is high-cost and/or unbankable. They are now profitable enough, capacity expansion after 2011 can be internally financed, not requiring the share/debt bloat seen in the past (but this must be watched closely).
The general plan remains: buy solars that meet my Investing Rules, in increments, when TAN is below $8, and sell in increments above $8. In previous rallies, I've sold everything. However, I expect to stop doing that gradually in 2011, to accumulate a LT position.
Obviously, it would have been better to buy TSL in early 2009. At the time, I didn't consider the industry mature enough to invest in. I'll probably buy more TSL at $19 and $15; still have orders to buy more FSLR at $115 and $105.
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