<my experience back in '08-09> Good post.
Today, we don't have a global recession. Also, the solar industry is bigger, and closer to grid parity, than when solar stocks troughed in late 2008 to early 2009. So stock prices might not get as low as then.
A couple of months ago, I said I'd be buying solars when TAN was between $8 and $6. We are now in the lower end of that range, and I haven't bought any. I know I tend to start buying too early, so I'm trying to be patient. One thing that needs to happen, before I start buying: all the solars need to warn for full-year 2011, on margins and earnings.
Be careful with STP. When sentiment turns, it'll explode upward. But bankruptcy, or big forced sales of assets to creditors (leaving shareholders with little or nothing), is a real possibility. |
