SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (11552)8/22/2011 3:20:38 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 16955
 
bot YGE@5.5, TSL@13, FSLR@88 today,

Now holding, each purchase 2% of portfolio:

FSLR @ $105, 100, 95, 88; orders to buy @ 81
TSL @ $14, 13; orders to buy @ 12,11,10
YGE @ $5.5, 5.3; orders to buy @ 5.0, 4.6
JKS @ $16, 16, 14; orders to buy @ 12, 10

WM @ $31; orders to buy @ 28
XOM @ $70
RDSB @ $62

YGE had, by far, the best 2Q11 report, which is why I am willing to add more at a price slightly higher than my first buy. I had been buying FSLR every $5, but it is weaker than I expected (relative to the other 3 in my Buy List), and I have too much of it, so I have increased the spacing, to every $7 further decline in price.

At this point, I don't care whether the market goes up or down. If it goes down, I'm happy to buy more at prices which, 2 to 5 years from now, are going to look absurdly undervalued. If it goes up, I'll sell my highest-cost shares, which lowers my cost basis. And then wait for whatever happens next. Volatility, Mr. Market's violent mood swings, are good for me, and I use them to my benefit.

All purchases made beginning 8/8/11. The last 3, are in my Dividend Portfolio, which I intend eventually to be half my total stock holdings. They are (probably) LT holdings. The solars are in my Growth Portfolio, which I will actively trade, attempting to achieve an average cost basis in the vicinity of where the stocks trough.