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« DJIM #16 2007 | Main | Spotlight on Solars, Part II »
Monday
Apr162007

Spotlight on Solars...

Some of us really wished that the trading day would last just a little big longer today.     Some of us really wished that we would repeat the same day tomorrow.   Some of us really wished that we could've started the day over so we could've better prepared for today's action.   In any case, today's undeniably a great day for the all who have been following today's winners here.   It just felt like payday, a culmination to a few highlighted DJIM stocks.     We definitely agree today was spectacular and did what we could to preserve the outcome.    Here are some of the plays today...

TSL, solar stocks stole the show today and we think this one is by far the best deal momentum wise.   Today's rise may not truly justify its presence since the break out started essentially 23 pts ago.    The question now is how high this one will go and we'll just have to monitor this one closely and with some care.

JASO, the only regret we had on this one is that maybe we should've played it aggressively and from the get go last Thursday.   But that's in the past and we just have to look at what's in store for tomorrow.   This one had a pretty big 3 day run-up which we think is not sustainable and a pullback could be imminent.   The only saving grace is that if the whole group gets some crazy momentum again, then the pullback may not come right away.  If a stock doesn't get a pullback, all you could do is go with the momentum, especially if a whole sector is running as was the case early and often today.

FSLR, in terms of percentage, this one lagged behind the others.  Funny to say when a stock finishes 6% up.  Nonetheless, this one pulled a NCH(new closing high) and we are expecting some follow through for tomorrow.

SOLF, lastly, put this one on the list too even though this is nothing more than a sympathy play. Glad to see this one pop for a few of our readers who have kept up on it.

JSDA, we were actually a little worried about this one's action today as it seemed a little climatic, or toppy as some would call it.   We are not saying that this one is done by a long shot, merely suggesting that a pullback is desperately needed.   We think that odds favours a pullback here so we let go most of our shares.    This one is heavily shorted so we think any pullback will be violent but short lived.  Of course, we are using the chart to determine the outcome as it rolls along.

URZ UXG, we took some off the table but added some URZ later on today.  Many are trying to call a top to this Uranium bubble.  We'll keep blowing air into for now.

SILC, we added some today to our buy in late last week. A NCH here

A few more to keep on top your play/watch list tomorrow...

EML, we put this back on watch a weekend ago because of the potential DOD contracts in '07 going to Armor Holdings.  Today, it closed with a NCH and got a little volume.

CYNO, pulled off a NCH, lets see if it holds here before adding.

RCCC FCSX, both of these we added to our watchlist today and are eyeing for a pullback for an entry.   These are earning plays that have had a great reaction.  With the big winners the past few days, a few earning stocks haven't got the attention from us that they deserved.