December Stock Talk Week I

Scottrade for the average guy..

Ameritrade for more bells and whistles.

I AlSO have an acct with Etrade, from the early 90s, but no money there for quite some time.  

scottrade is good, holy shit they just replayed a part of a mozilo interview on cnbc from yesterday,this fuckin criminal says the fed HAS to keep lowering rates to help out the housing problem,,he is one of the reasons we have this problem in the first place,i can not believe this cock sucker can sit there with a straight face and blame the fed only,,how someone has not put a bullet in this guys head is beyond me,,,u can lower the rate to 0 asshole,,thepeople who are fucked right now will not be able to refinance theirloans to a lower rate because they wont have the credit score ,they will have late payments and other bad shit on their credit reports and probably wont qualify,,it WILL benefit the person with great credit history with solid employment backround and so on,,,the people who need the help the least,,dont get me wrong those people should take advantage ,,,,market expecting 50 point cut ,,i think we will get it.....picks coming soon,,,as the market goes i have done nothing lately,,just making sure my401k is up to speed

 I saw the Reptilo interview as well.He says it is all just a "liquidity problem" and noted that there was a lot of emotion in stock prices which is why his company's is down 75% this year.That is a LOT of emotion "Zillo!!"

 I picked up some MO and that is about it today. I think the best vulture investor out there is WB so will be adding BRKB more and more.

 Oh and SKF any time it goes south to the low 90s.

Vermeer,

Does the low dollar concern you owning MO?

As an exporter, what do you think will happen when the greenback stops falling and exports start slowing?

I wouldnt want to be long multi nationals for the next few years..not worth the risk if you ask me.

I understand your point about the dollar.And the dollar will eventually have to stop dropping, perhaps, however, only temporarily.Frankly, the financial mess that the federal government has created for itself is not going away, it will only worsen with any Democratic administration.
 Short term, I think the all but done cuts will induce yet another round of decline, and the various Arab countries will de-peg their currencies as will OPEC, perhaps sooner rather than later.
 All in all, I remain bearish on the USD, not only short term, but throughout 2008. The USD will not be the reserve currency much longer.

Anyone pick up some HOKU on the dip today?

Of course I didnt and the stock is up 3 bucks in after hours.

If you believe this story and they can pull it off, this stock is probably a 3-10 bagger over a 3 yr period, just looking at market cap and contracts they have over the next 3 yrs.

Grid,

I dont find that stuff about TSL to be negative at all. The industry knows that polysilicon is in high demand, so for them to build a plant on their own means they want to be around in 2012, so that is a good thing It depends on how the debt is structured to determine if this is bad or good, the stock dropped because the GROUP dropped for the most part in the afternoon.

SOLF took a massive dump into the afternoon and most finished well off the highs of the day.

   

Other central banks getting in on the cuttings (BOE) ..more to follow...tgreat news for your USD play CC..but to me, slightly ominous, in that it confirms the gloabal nature of the problems.

 I suppose it is too late for me to lock in a low teaser rate and let the stiffs known as the American public finance my new Mcmansion/ocean front condo empire. Damn.

 A 5 year freeze? Why  not fess up and make it official, and just make it twenty years?

 My heart goes out to those house flippers who got caught in mid flip, really, it does...to listen to the pols, these are Ma and Pa Kettle being tossed out of their sod houses.

 
 
 

From Schaeffer's...

Solarfun Power Holdings (SOLF)

Those of you who are frequent readers of Nick Perry's Daily
Trading Blog know that I frequently send Nick what I think is the Biggest! News! Of! The! Day!... Well, little did I know that Nick actually covers stocks on his blog (just kidding Nick). Imagine the redness of my face when I went to Nick's office and asked about a company that I noticed on our Heaviest Call Option Activity filter from yesterday, Solarfun (SOLF: chart, options) . The red state of my face came not from being a Republican, it came from embarrassment over the fact that Nick told me he had been covering SOLF for the past few days on his blog.

Yesterday, Solarfun (what a fun name) rocketed 27% after it announced that Good Energies (a private investment firm focused on renewable energy issues) upped its stake in Solarfun to 34.7% from 6.3%. The deal includes the purchase of 50% of the shares held by SOLF's Chief Executive Yonghua Lu, who will retain a 16.1% stake in the company.

In today's blog entry on SOLF, Nick notes that maybe he should have found a stronger word than volatile to describe the stock back on Monday. As I am always one to take up a challenge, let's create a word for Nick . . . "superfluvolatile." I like it . . .

I classify the stock as superfluvolatile because it closed the day before Thanksgiving at $10.26 per share and it is now trading at $29.02, thanks to a 9-plus-percent jump in trading thus far. In fact, the past 1.5 trading sessions have seen SOLF add a "beefy" (Nick's word choice, not mine) 60-plus-percent. On the daily chart below, note that the stock truly started its ascension after reporting third-quarter earnings back on November 29. The good news propelled the shares through the 15 level, which had held them in check since September.

So, let's turn to sentiment on SOLF to see if we can discern if there are any potential upside catalysts. What's that? Crickets? Pretty much, as there is a near lack of data for SOLF. Short interest stands at 2.17 million, the firm's Schaeffer's put/call open interest ratio (SOIR) is 0.80, and no analysts cover the firm. I find the lack of analyst rankings interesting, as positive initiations could help push the stock higher; of course, negative initiations could have the adverse impact. My guess is that SOLF's activity of the past few sessions is going to attract some attention from analysts.

Looking over more data, I have noticed that the stock has caught the attention of options players. SOLF has seen roughly 8 times its normal daily put activity thus far today. Of course, the past day-plus of gains have given call players an opportunity to rack up 6.6 times their daily activity as well. This activity is on the December 25 contract for both sides of the aisle, suggesting that we may be seeing some straddle plays.

One aspect about this activity is that it has helped establish the 25 level as potential support, or resistance, depending on the stock's price. Watch the 25 level for the next few days, it could help keep SOLF on its run higher, of course, it could also add to the stock's superfluvolatililty.