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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (376245)4/4/2008 3:36:22 PM
From: bentway  Read Replies (2) | Respond to of 1577883
 
Don't worry MM - the bottom is YEARS away. All this stuff you see happening now isn't going to fix anything, it's just going to make the "correction" take longer.

The only reason the stock market seems immune or to even act the reverse of what the news would dictate is that the Bushies, the congress and the Fed are ALL working their asses off to keep it propped up.

The Fed opened their discount window to the investment banks, who are borrowing BILLIONS and investing it in the markets to keep them propped up, with the Fed's secret OK. It's one of the biggest cons in history, going on right before our eyes. It's not INVESTORS that are keeping the markets going.

There are good investments to make now. If you want to go long, invest in oil with XLE. Oil is going to keep going up in a recession here.

I'm also shorting the markets with DXD and TWM.

proshares.com

When the market crashes, these will skyrocket. Don't use these without trailing stops though - I'm not psychic.



To: RetiredNow who wrote (376245)4/4/2008 3:43:45 PM
From: Road Walker  Read Replies (1) | Respond to of 1577883
 
However, I have this sinking feeling that I waited too long, with this new legislation in the offing.

Maybe, maybe not. The alt energy stocks are going to be VERY volatile... so there will probably be a lot of buying opportunities.



To: RetiredNow who wrote (376245)4/4/2008 3:58:48 PM
From: Road Walker  Respond to of 1577883
 
UPDATE: Solar Stocks Rally; LDK Inks Deals, Subsidy Bill Rises
3:24 PM EDT April 4, 2008

(Updates legislative information starting in seventh paragraph, stock prices in second and third.)

By Riva Richmond
Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Solar-energy stocks extended a three-week rally on Friday as sentiment toward the volatile group continued to warm.
The biggest mover was LDK Solar Co. (LDK) of Xinyu City, China, which was recently up 16.4% to $36.82, making it one of the day's top gainers on the New York Stock Exchange. The manufacturer of multicrystalline solar wafers said it lined up a "critical" four-year sourcing pact for 1,450 metric tons of silicon, a key material in short supply. The company also said it added Silcio S.A. Greek and Arise Corp. as customers.
Also higher were First Solar Inc. (FSLR), up 9.4% at $275.15; SunPower Corp. (SPWR), up 9.3% at $89.60; Suntech Power Holdings Co. Ltd. (STP), up 7.7% at $49.29; Evergreen Solar Inc. (ESLR), up 7.1% at $10.69; and MEMC Electronic Materials Inc. (WFR), up 3.1% at $76.03.
Many of the stocks have put up big gains since the recent rally began. LDK is up 75% since March 12, the day before it announced it had nearly sold out all of its solar wafer capacity for 2008 and 2009. First Solar is up 58% since March 10, and SunPower is up 64% since March 17.
Optimism is being fueled by bullish estimates for solar demand. UBS said Friday it estimates 56% growth this year to 4.9 gigawatts - driven by the German, Spanish and U.S. markets. "Overall, we think solar industry profits will continue growing significantly in 2009," the firm said.
"We characterize the solar market in 2008 as the 'Perfect Storm' - an environment that is seeing rising prices for all products, everything from modules, installation, and for polysilicon," wrote Thomas Weisel analyst Jeff Osborne in a note to clients published Thursday.
The stocks may be getting an assist Friday from news of a potential break on the U.S. government subsidy front. Senators Maria Cantwell, D-Wash., and John Ensign, R-Nev., introduced a measure on Thursday that some market watchers hope will end an impasse on the extension of key solar-industry tax credits that help make solar energy more affordable for businesses and consumers in the U.S.
The bipartisan bill, which would extend the 30% commercial tax credit by eight years and the residential credit by one year, is designated as a stimulus measure and, as such, does not include an offset to pay for the credit. Republican lawmakers and President Bush have opposed recent proposals that would fund the solar credit with penalties on oil and gas companies.
In light of this maneuver, UBS analyst Stephen Chin said in a note Friday, "We believe this bill has a better chance of passing both the Senate and House and Bush versus prior attempts."
However, other observers worry the House will balk at passing a bill that is not paid for. Speaker Nancy Pelosi, D-Calif., has rigorously enforced budget offsetting rules. Cowen analyst Ronan Wolfsdorf said another measure likely to emerge from the Senate Finance Committee next week will take a new stab at offsets and could have a better chance of becoming law.
-Riva Richmond, Dow Jones Newswires; 201-938-5670; riva.richmond@dowjones.com

(END) Dow Jones Newswires
04-04-08 1524ET
Copyright (c) 2008 Dow Jones & Company, Inc.



To: RetiredNow who wrote (376245)4/5/2008 1:04:55 AM
From: tejek  Read Replies (1) | Respond to of 1577883
 
I hope I'm right, so that I can get another shot at buying in lower. However, I have this sinking feeling that I waited too long, with this new legislation in the offing. I didn't think they'd pull that together until Obama became President. That wasn't a good calculation on my part.

Don't feel bad.....I sold 300 shares of FSLR two weeks ago when it was at $206. It closed at $278 today.



To: RetiredNow who wrote (376245)6/24/2011 7:04:18 PM
From: steve harris  Respond to of 1577883
 
I hope I'm right, so that I can get another shot at buying in lower.

Here's your shot....

lol

Current prices follow 2008 prices...

The biggest mover was LDK Solar Co. (LDK) of Xinyu City, China, which was recently up 16.4% to $36.82
$6.81

First Solar Inc. (FSLR), up 9.4% at $275.15
$116.56

SunPower Corp. (SPWR), up 9.3% at $89.60
$16.95

Suntech Power Holdings Co. Ltd. (STP), up 7.7% at $49.29
$7.60

Evergreen Solar Inc. (ESLR), up 7.1% at $10.69
$0.49

MEMC Electronic Materials Inc. (WFR), up 3.1% at $76.03
$8.08

Hope and change.....