Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (11654)	9/9/2011 10:54:19 AM
From: Jacob Snyder	Read Replies (4) \| Respond to of 16955

Bought more solars today, YGE @ 4.6, TSL @ 11 I've now got more than a full position in solars, at prices bought when TAN was 5.7 to 4.65 (which takes us all the way down to the 2008-9 lows). At this point, if the stocks keep dropping 5%/day, I'll just hold what I have. If we have a rally (and, even in bear markets, there are big counter-trend rallies up to resistance levels) I'll use it to lighten up, if I can get out even from my higher-cost shares. The volatility of these stocks, make it likely I'll be able to do that, if I'm patient. The obvious resistance lines, during any rally, will be at around $6 (the 2010 low, and the 10wma), and then around $8 (the trendline of tops since mid-2009):