Articles like that make me more bullish. He gives the bullish cyclical case, but his conclusion is: "I find the bears' structural arguments more convincing."
Summary: expectations are nil, as far out as anyone can see. Overcapacity, low margins, nil profits, nasty price wars, will never end. These are the kind of stories that dominate the business press, indicating the consensus of current sentiment, at the trough of cyclical no-visibility industries. They are always a contrary indicator. I've seen this over and over, in various industries, for as long as I've been investing.
With that said, I have no confidence we've seen the bottom for solar stocks yet. TAN has been weaker than the S&P500 in August, rebounding less off its recent lows. I've already begun selling my highest-cost shares (JKS on 8/24), and I expect I'll cut my FSLR position in half soon. I'll sell more, reducing my position further, if we get up to the 50dma ($6.26 for TAN) and stall there. The only shares I consider a LT holding, are my most lowest-cost buys in each of the 4 stocks.
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