I guess my only question on that transaction would have been why didn't you re-buy before it cleared $10.xx if you still had high confidence it would eventually reach $15?
If you had a solid technical analysis that you believed in, that would have made sense, to me, at least. Though, what would have made more sense, would have been to simply buy some more on the dip and not sell at all, since "locking in a profit" on a move from $9.20 to $9.5x probably barely clears transaction fees on both ends, for the amount of money you were working with.
(Please don't take any of that as antagonizing, because it's not. I'm just trying to understand your reasoning, and also it's interesting to discuss the tactics within the larger strategies.)
Funny thing about that acronym...when you search for the ticker in a search engine, the second most prominent hit is for the "standards of learning" tests...why on earth would somebody think it's a good idea to give standardized testing the acronym "SOL"...?
I guess my only question on that transaction would have been why didn't you re-buy before it cleared $10.xx if you still had high confidence it would eventually reach $15?
If you had a solid technical analysis that you believed in, that would have made sense, to me, at least. Though, what would have made more sense, would have been to simply buy some more on the dip and not sell at all, since "locking in a profit" on a move from $9.20 to $9.5x probably barely clears transaction fees on both ends, for the amount of money you were working with.
(Please don't take any of that as antagonizing, because it's not. I'm just trying to understand your reasoning, and also it's interesting to discuss the tactics within the larger strategies.)
I locked in $250 profit, which is more than the $15 in fees I paid. I made a rookie mistake, there's nothing really to clarify. I was going to get back in once it dropped below $10, and $10.03 was the low on 1/27. I never got my chance.
Now I can only hope for a pullback before earnings on March 1st, otherwise it has a definite possibility of gapping up, and then the ship would have sailed.
I actually did make one last buy today before close, grabbed some ENTR. I want to force myself to only buy stocks that I love fundamentally as well as technically. Not just one or the other. This one certainly qualifies, they have the market share in multiroom DVR technology (as used by DTV and others), and they have a nice amount of cash with absolutely zero debt. Also have always met or beat earnings in the last two years.
It failed on the uptrend support line earlier this week and I just got in at $9.65. I'll set a stop and look to get in at the SMA if this horizontal trendline fails, but I think it has a decent shot of holding. Let's see how it goes Tuesday.
So there was some bloodbath in the stock market last week over the rising oil prices and a good portion of my portfolio went red. Oh well it happens.
As for today, I'm absolute ecstatic about the pullback in SOL! Slightly lower revenues / margins have killed it this morning, and I might get a good entry point after all. Not trying to catch the knife here though, going to wait patiently on the sidelines and see how it goes.
Also, I did grab some shares of PWER yesterday at $8.22, as they are a North American solar company. There has been a whole sector wide hammering of the solars over the past week, and I was already contemplating PWER at the $9 level pullback after the earnings miss. At the low $8s, I just couldn't resist any longer.
I'm also going to be watching AXTI closely. Another zero debt company who slightly missed earnings and the sell-off could be a drastic overreaction. May take a position there based on how things go.
All of the Solars looking excellent in the pre-market today. They could only take a beating for so long.
So I'm in PWER at $8.22 and bought back into SOL yesterday at $9.54 during the late afternoon run up. I'll be looking to add to my position before the $10 level. I'll have enough saved up for another buy in case it does reverse... but even at $10 they are still drastically undervalued.
I've been riding the silver train and playing some small caps. Up about 5% on stocks this year. Silver has been unreal. Pretty much doubled my money in 6 months.
Yeah I was away from the computer when it hit $8.08 or I would have bought then. I bought in at $9.54 last week, then doubled up at $9.33 and wanted to double up again at low 8s. I'm either going to go in heavy at the $8 level if it touches it again, or buy into the strength reversal around $9.
Almost everything I own is red, it definitely blows but oh well live and learn. It's just money, nothing to get all worked up about.
I've been riding the silver train and playing some small caps. Up about 5% on stocks this year. Silver has been unreal. Pretty much doubled my money in 6 months.
silver is INSANE! i made a good amount on it and got out. i shouldve stayed in!
Yeah but its good to be diversified as well. Unless you got the money to possible piss away. Just like buying VMWare stock a year ago, that shit has DESTROYED, how long do you sit on it though, just like Silver. SRH nothing wrong with getting cold feet it will save you in a lot of scenarios but its always to keep a little back for a rainy day.
Well the PM's have been doing great since the QE program screwed the US dollar. If a QE3 comes, I think the PM's will ride a bit longer. I think Silver could hit $50 this year yet. We still haven't tested the inflation adjusted high of the Hunt Bros debacle. In today's money Silver hit $130.
If the economy ever right's itself and the QE crap stops, I could see PM's drop across the board. Gold back at $600 and silver back at $10-15.
It is a little scary as PM's are at crazy high prices. I didn't even look at silver till Gold stated going nuts. Gold in my mind is $300 an once, and here we are at $1400 plus. I sold out just over $1200 on my gold. Went into silver. I don't even mess with the market for it. Deal in a lot of 90% junk silver coinage. It's easy to buy and sell.
Yeah but its good to be diversified as well. Unless you got the money to possible piss away. Just like buying VMWare stock a year ago, that shit has DESTROYED, how long do you sit on it though, just like Silver. SRH nothing wrong with getting cold feet it will save you in a lot of scenarios but its always to keep a little back for a rainy day.
oh, i have no problems with locking in profits. its not cold feet, it is smart. timing in the market is everything if you are worried about 5% here and 10% there! i will gladly take a 40-50% gain and get out!
Well the PM's have been doing great since the QE program screwed the US dollar. If a QE3 comes, I think the PM's will ride a bit longer. I think Silver could hit $50 this year yet. We still haven't tested the inflation adjusted high of the Hunt Bros debacle. In today's money Silver hit $130.
If the economy ever right's itself and the QE crap stops, I could see PM's drop across the board. Gold back at $600 and silver back at $10-15.
It is a little scary as PM's are at crazy high prices. I didn't even look at silver till Gold stated going nuts. Gold in my mind is $300 an once, and here we are at $1400 plus. I sold out just over $1200 on my gold. Went into silver. I don't even mess with the market for it. Deal in a lot of 90% junk silver coinage. It's easy to buy and sell.
Just make sure you're paying by weight, directly, on the junk silver. Most coinage is OK, but the dimes can be so heavily circulated that paying by face value will involve paying for less mass than you should have received.
Well the PM's have been doing great since the QE program screwed the US dollar. If a QE3 comes, I think the PM's will ride a bit longer. I think Silver could hit $50 this year yet. We still haven't tested the inflation adjusted high of the Hunt Bros debacle. In today's money Silver hit $130.
If the economy ever right's itself and the QE crap stops, I could see PM's drop across the board. Gold back at $600 and silver back at $10-15.
It is a little scary as PM's are at crazy high prices. I didn't even look at silver till Gold stated going nuts. Gold in my mind is $300 an once, and here we are at $1400 plus. I sold out just over $1200 on my gold. Went into silver. I don't even mess with the market for it. Deal in a lot of 90% junk silver coinage. It's easy to buy and sell.
Just make sure you're paying by weight, directly, on the junk silver. Most coinage is OK, but the dimes can be so heavily circulated that paying by face value will involve paying for less mass than you should have received.
true, a ag/g dime averages around 8% light on weight. Average circulation isn't too bad. Usually between 1-3%. most people who deal in junk don't worry about it in small amounts. If you're trying to sell $10,000 face though, yeah.
I wasn't sure about the upward momentum in SOL today, looks to be green in a heavily red market, but the lack of volume is concerning.
Instead, I bought some of JASO @ $6.58, which is one of their competitors but is basically trading at book value after the solar sell-offs. The solars can't stay suppressed but for so long, I'll be holding strong looking for rebounds here.
Well, I should have taken a triple leveraged short on the Nikkei while I was in Asia last Friday, but I guess the gamble there was that the markets might not even open on Monday.
Also, I wouldn't really feel right literally profiting from mass death and destruction.
Well my three solar picks of PWER, JASO and SOL are all finally green today from my initial entries. SOL and LDK also actually produce their own polysilicon and are going to inevitably fill the gap where Japanese production is now halted due to the quake.
Really love SOL at this point, but I have that stupid feeling of if I buy more today, they'll go down tomorrow. Even though I love this stock for long term.
Probably will take another position before close today, I love the volume already.
Comments
If you had a solid technical analysis that you believed in, that would have made sense, to me, at least. Though, what would have made more sense, would have been to simply buy some more on the dip and not sell at all, since "locking in a profit" on a move from $9.20 to $9.5x probably barely clears transaction fees on both ends, for the amount of money you were working with.
(Please don't take any of that as antagonizing, because it's not. I'm just trying to understand your reasoning, and also it's interesting to discuss the tactics within the larger strategies.)
^^^^ Sounds like you're "SOL" on that one........
Funny thing about that acronym...when you search for the ticker in a search engine, the second most prominent hit is for the "standards of learning" tests...why on earth would somebody think it's a good idea to give standardized testing the acronym "SOL"...?
I guess my only question on that transaction would have been why didn't you re-buy before it cleared $10.xx if you still had high confidence it would eventually reach $15?
If you had a solid technical analysis that you believed in, that would have made sense, to me, at least. Though, what would have made more sense, would have been to simply buy some more on the dip and not sell at all, since "locking in a profit" on a move from $9.20 to $9.5x probably barely clears transaction fees on both ends, for the amount of money you were working with.
(Please don't take any of that as antagonizing, because it's not. I'm just trying to understand your reasoning, and also it's interesting to discuss the tactics within the larger strategies.)
I locked in $250 profit, which is more than the $15 in fees I paid. I made a rookie mistake, there's nothing really to clarify. I was going to get back in once it dropped below $10, and $10.03 was the low on 1/27. I never got my chance.
Now I can only hope for a pullback before earnings on March 1st, otherwise it has a definite possibility of gapping up, and then the ship would have sailed.
It failed on the uptrend support line earlier this week and I just got in at $9.65. I'll set a stop and look to get in at the SMA if this horizontal trendline fails, but I think it has a decent shot of holding. Let's see how it goes Tuesday.
So there was some bloodbath in the stock market last week over the rising oil prices and a good portion of my portfolio went red. Oh well it happens.
As for today, I'm absolute ecstatic about the pullback in SOL! Slightly lower revenues / margins have killed it this morning, and I might get a good entry point after all. Not trying to catch the knife here though, going to wait patiently on the sidelines and see how it goes.
Also, I did grab some shares of PWER yesterday at $8.22, as they are a North American solar company. There has been a whole sector wide hammering of the solars over the past week, and I was already contemplating PWER at the $9 level pullback after the earnings miss. At the low $8s, I just couldn't resist any longer.
I'm also going to be watching AXTI closely. Another zero debt company who slightly missed earnings and the sell-off could be a drastic overreaction. May take a position there based on how things go.
So I'm in PWER at $8.22 and bought back into SOL yesterday at $9.54 during the late afternoon run up. I'll be looking to add to my position before the $10 level. I'll have enough saved up for another buy in case it does reverse... but even at $10 they are still drastically undervalued.
Let's see how today pans out...
SOL hit $8.08 today. If you truly believe there's growth there to $10-11+ then today was a buying opportunity for you.
I will keep an eye on this and bring this up with my FA next quarter.
SOL hit $8.08 today. If you truly believe there's growth there to $10-11+ then today was a buying opportunity for you.
I will keep an eye on this and bring this up with my FA next quarter.
he will tell you to stay away
Almost everything I own is red, it definitely blows but oh well live and learn. It's just money, nothing to get all worked up about.
I've been riding the silver train and playing some small caps. Up about 5% on stocks this year. Silver has been unreal. Pretty much doubled my money in 6 months.
silver is INSANE! i made a good amount on it and got out. i shouldve stayed in!
If the economy ever right's itself and the QE crap stops, I could see PM's drop across the board. Gold back at $600 and silver back at $10-15.
It is a little scary as PM's are at crazy high prices. I didn't even look at silver till Gold stated going nuts. Gold in my mind is $300 an once, and here we are at $1400 plus. I sold out just over $1200 on my gold. Went into silver. I don't even mess with the market for it. Deal in a lot of 90% junk silver coinage. It's easy to buy and sell.
Yeah but its good to be diversified as well. Unless you got the money to possible piss away. Just like buying VMWare stock a year ago, that shit has DESTROYED, how long do you sit on it though, just like Silver. SRH nothing wrong with getting cold feet it will save you in a lot of scenarios but its always to keep a little back for a rainy day.
oh, i have no problems with locking in profits. its not cold feet, it is smart. timing in the market is everything if you are worried about 5% here and 10% there! i will gladly take a 40-50% gain and get out!
Well the PM's have been doing great since the QE program screwed the US dollar. If a QE3 comes, I think the PM's will ride a bit longer. I think Silver could hit $50 this year yet. We still haven't tested the inflation adjusted high of the Hunt Bros debacle. In today's money Silver hit $130.
If the economy ever right's itself and the QE crap stops, I could see PM's drop across the board. Gold back at $600 and silver back at $10-15.
It is a little scary as PM's are at crazy high prices. I didn't even look at silver till Gold stated going nuts. Gold in my mind is $300 an once, and here we are at $1400 plus. I sold out just over $1200 on my gold. Went into silver. I don't even mess with the market for it. Deal in a lot of 90% junk silver coinage. It's easy to buy and sell.
Just make sure you're paying by weight, directly, on the junk silver. Most coinage is OK, but the dimes can be so heavily circulated that paying by face value will involve paying for less mass than you should have received.
Well the PM's have been doing great since the QE program screwed the US dollar. If a QE3 comes, I think the PM's will ride a bit longer. I think Silver could hit $50 this year yet. We still haven't tested the inflation adjusted high of the Hunt Bros debacle. In today's money Silver hit $130.
If the economy ever right's itself and the QE crap stops, I could see PM's drop across the board. Gold back at $600 and silver back at $10-15.
It is a little scary as PM's are at crazy high prices. I didn't even look at silver till Gold stated going nuts. Gold in my mind is $300 an once, and here we are at $1400 plus. I sold out just over $1200 on my gold. Went into silver. I don't even mess with the market for it. Deal in a lot of 90% junk silver coinage. It's easy to buy and sell.
Just make sure you're paying by weight, directly, on the junk silver. Most coinage is OK, but the dimes can be so heavily circulated that paying by face value will involve paying for less mass than you should have received.
Instead, I bought some of JASO @ $6.58, which is one of their competitors but is basically trading at book value after the solar sell-offs. The solars can't stay suppressed but for so long, I'll be holding strong looking for rebounds here.
bgcp at 9.05
dividends look strong and companies are solid
Also, I wouldn't really feel right literally profiting from mass death and destruction.
On a positive note, the solar sector looks promising.
Really love SOL at this point, but I have that stupid feeling of if I buy more today, they'll go down tomorrow. Even though I love this stock for long term.
Probably will take another position before close today, I love the volume already.