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1 pt

Solar and Oil, Part Deux

 Sep 03, 2008 12:38 PM UTC
Return Risk
-37.22% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
STP Positive 09/03/08 -80.82% --
ENER Positive 09/03/08 -57.52% --
LDK Positive 09/03/08 -67.25% --
TSL Negative 09/03/08 +69.12% --

Graphic_arrow1 Via Short Stock Ideas from Seeking Alpha:  

So...I wrote about a break in the correlation between oil and solar stocks the day before oil takes a major tumble that crushes solar stocks at the same time. The one-day massive move on September 2 did not re-establish a correlation, but it was jarring nonetheless. All sorts of stops and targets triggered, and I am still trying to sort out the meaning of the action and make plans for the next month or so. At times like these, I find writing to be a great organizing and clarifying tool. I will focus here on explaining my short-term positioning in various solar stocks since I did not do so the last time. Note again that I am long-term bullish on solar, and I have made no changes in those positions. What I describe here are short-term positions.

Suntech Power (STP)
STP has ripped upward since reporting stellar earnings two weeks ago. Shares short soared back to 52-

...




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ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 19.61 +43.19% 177
2 18.26 +42.29% 57
3 16.35 +17.71% 7
4 14.95 +39.54% 212
5 13.77 +16.71% 40


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