Well, Mr Shaeffer is picking a stock with a PE of 200 and a forward PE of
133 while SOLF has earnings of 1.29 versus .58 for FSLR for the same
quarter. SOLF has a forward PE of 5 and blew out 3rd quarter earnings by
257%. For me to consider FSLR, it would need to come down by about 80%
but people like Mr Shaeffer and those analysts at Zacks keep it in the
spotlight so that won't happen. I guess it's a matter of following a
mania stock or picking a stock with its future in front of it. Maybe Ira
is right about following the money but SOLF has more volume than does FSLR and
a far brighter future so I'll follow my common sense and we'll see what
happens.
Thanks for the information,
Bob
At 04:33
PM 12/29/2007, you wrote:
Bernie Shaeffer - options guru - in Annual Forcast says he
like FSLR. Says it has earned Zacks.com rating of 1.0, suggesting
strong earnings momentum and for the intermediate term. In early
Novemenber, Co. reported third qtr net income of $46MM, or 58 Cents/shr, a
colossal jump from the previous yeare of 4.29MM or 7 Cents/shr.
Revenue more than doubled during the reporting period , and both headline
numbers trumped analysts' expectations. He says skeptisim makes for a
compelling contrarian opportunity. Short interest currently
accounts for nearly 1/3 of the entire available float, paving the way for
potential short-covering rallies if the bears decide to jump
ship.
Bermie says he is also intrigued by SPWR and SOLF.
He says (PBW) PowerShares WILDERHILL CLEAN ENERGY PORTFOLIO best
corresponds to the alternative-energy sector as it currently holds 42
components, all publicly-traded firms.
It has been a pocket of
strength of late, outperforming the SPX by a wide margin.
It has gained
62% since the beginning of the year along with impressive support from it
20- week and 32 -week moving averages.
The PBW is also trading
back above the $24 region, an area of former resistence that may now provide
support.
Happy and Prosperous New Year to All........I have
enjoyed the solar commentary and have these items on my "watch list" for
buying opportunities should they present themselves. THX
AGN.................Gerryb/jer33:3
In a message dated
12/28/2007 9:34:58 P.M. Eastern Standard Time, profitok@xxxxxxxxxxnet
writes:
- Here is the perfect stop loss and fslr
- date of this is 12/27/07(yesterday)
- a:notice how the lowest line, held you in long , for this whole
run up,
- b: notice how when price is too much above the highest line, it
time to liqidate,
- a portion of your investment,
- c: Notice how penatration ,of the highest line, brings more
selling and price goes further down,
- so
- going into yesterday you would have been already out of
20-30% of your position with stop loss for another 25% at 273.77
- the following e mail will show how you would get stopped out and where
the lines are at todays close
- Ben
- profitok@xxxxxxxxxxnet
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