You crazy, man, you hea' wha' I say???? You crazy!!!!!!!!!!!!!!
Do the common, man, make it easy on you. Hell with that time decay crap and bullsheet spreads. The spreads on the common are rough enough when this thing gets rolling.
I wish you luck, though.
WSC-
You crazy, man, you hea' wha' I say???? You crazy!!!!!!!!!!!!!!
Do the common, man, make it easy on you. Hell with that time decay crap and bullsheet spreads. The spreads on the common are rough enough when this thing gets rolling.
SPWR looks like it's about to do the double bounce off the 112 for a day trade, but what I want is total capitulation followed by big money 100 k block buying before I add any to the long haul.
Looks like today's bounce is nothing but a trading bounce.....I want people jumping out of windows before I do any more buying.
SPWR looks like it's about to do the double bounce off the 112 for a day trade, but what I want is total capitulation followed by big money 100 k block buying before I add any to the long haul.
Looks like today's bounce is nothing but a trading bounce.....I want people jumping out of windows before I do any more buying.
NEW YORK (Dow Jones)--Solar stocks fell Monday amid concerns that
Congress may move forward on an energy bill without including an
extension of solar-tax credits. The Solar Energy Industries
Association, a national trade group for the solar industry, said in a
release on its Web site Friday that House Speaker Nancy Pelosi,
D-Calif., and Senate Majority Leader Harry Reid, D-Nev., were moving
forward with energy legislation without a tax title that extends the
Solar Investment Tax Credits. Drew Hammill, a spokesman for Pelosi, said Monday that no decision has been made to drop any provision of the bill. Shares of SunPower Corp. (SPWR) fell 11% to $114.61; Ascent Solar Technologies Inc.'s (ASTI) stock fell 7.8% to $17.18, First Solar Inc.'s (FSLR) shares fell 10% to $185.79, MEMC Electronic Materials Inc. (WFR) fell 4% to $68.33, and DayStar Technologies Inc.'s (DSTI) shares fell 6.5% to $4.86. All but DayStar hit 52-week highs Thursday, and all have posted strong gains during 2007.
ThinkEquity Partners said that removal of the tax credit would not be
"the end of the world," as the U.S. accounts for less than 10% of the
solar photovoltaic market, and added that the uncertainty over the tax
credit shouldn't weigh so heavily on shares. -Jerry A. DiColo, Dow Jones Newswires; 201-938-2007; jerry.dicolo@dowjones.com (Ian Talley in Washington contributed to this report.)
CC,
I read this..tell me what you think-
NEW YORK (Dow Jones)--Solar stocks fell Monday amid concerns that
Congress may move forward on an energy bill without including an
extension of solar-tax credits. The Solar Energy Industries
Association, a national trade group for the solar industry, said in a
release on its Web site Friday that House Speaker Nancy Pelosi,
D-Calif., and Senate Majority Leader Harry Reid, D-Nev., were moving
forward with energy legislation without a tax title that extends the
Solar Investment Tax Credits. Drew Hammill, a spokesman for Pelosi, said Monday that no decision has been made to drop any provision of the bill. Shares of SunPower Corp. (SPWR) fell 11% to $114.61; Ascent Solar Technologies Inc.'s (ASTI) stock fell 7.8% to $17.18, First Solar Inc.'s (FSLR) shares fell 10% to $185.79, MEMC Electronic Materials Inc. (WFR) fell 4% to $68.33, and DayStar Technologies Inc.'s (DSTI) shares fell 6.5% to $4.86. All but DayStar hit 52-week highs Thursday, and all have posted strong gains during 2007.
ThinkEquity Partners said that removal of the tax credit would not be
"the end of the world," as the U.S. accounts for less than 10% of the
solar photovoltaic market, and added that the uncertainty over the tax
credit shouldn't weigh so heavily on shares. -Jerry A. DiColo, Dow Jones Newswires; 201-938-2007; jerry.dicolo@dowjones.com (Ian Talley in Washington contributed to this report.)
No question, you got to call bullsheet on that one and buy SPWR long.
This is typical stuff out of the street done to drive down a price and scare weak hands into running for the hills.
Congress ain't going to cut solar credits with the current oil fiasco, 100 dollar a barrel oil (and rising), consumers in a credit vice, etc........
You got to call this one and let the chips fall where they may.
My advice, though, is to get long something solar for the coming year and stay long. Think about the election coming up and all the yapping about solar power.......
WSC, you know this stuff more than I do, but my advice is to do this first before trading:
1) Get long solar and stay long.
2) Then "trade."
And do the long haul thing with the common stock and avoid time decay, etc.......Let time work for you, not against you.
I've seen this type of crap happen so many times before with Philip Morris, Microsoft, etcc....and I'm sure you have to.
It's a ploy/ruse to drive down the price of solar ticker symbols.
I know I'm a cynic who basically thinks everything coming out of a wire box is a lie done to manipulate something to someone's advantage, but I do think this article above is being blown out of proportion to get the sell-off going.
For what it's worth, or isn't.
WSC-
No question, you got to call bullsheet on that one and buy SPWR long.
This is typical stuff out of the street done to drive down a price and scare weak hands into running for the hills.
Congress ain't going to cut solar credits with the current oil fiasco, 100 dollar a barrel oil (and rising), consumers in a credit vice, etc........
You got to call this one and let the chips fall where they may.
My advice, though, is to get long something solar for the coming year and stay long. Think about the election coming up and all the yapping about solar power.......
WSC, you know this stuff more than I do, but my advice is to do this first before trading:
1) Get long solar and stay long.
2) Then "trade."
And do the long haul thing with the common stock and avoid time decay, etc.......Let time work for you, not against you.
I've seen this type of crap happen so many times before with Philip Morris, Microsoft, etcc....and I'm sure you have to.
It's a ploy/ruse to drive down the price of solar ticker symbols.
I know I'm a cynic who basically thinks everything coming out of a wire box is a lie done to manipulate something to someone's advantage, but I do think this article above is being blown out of proportion to get the sell-off going.
Stay long then. Use the coming election to your advantage.
I know I got SPWR at 129ish, and I'm not worried at all. Sure I'd like to get it at its absolute low, but I do think at the end of '08, SPWR will be higher than 129, and I got to stick with my guns.
And if it goes lower in a panic sell-off, then I'll double down somewhere and not sweat it for one second.
I plan on being right when this election hoopla is over, but it's all yakkety yak now. Time will tell, as it always does.
Now who the f--k is with me???!!!!!
June 90 calls......
Stay long then. Use the coming election to your advantage.
I know I got SPWR at 129ish, and I'm not worried at all. Sure I'd like to get it at its absolute low, but I do think at the end of '08, SPWR will be higher than 129, and I got to stick with my guns.
And if it goes lower in a panic sell-off, then I'll double down somewhere and not sweat it for one second.
I plan on being right when this election hoopla is over, but it's all yakkety yak now. Time will tell, as it always does.
You got a double on those June 90 calls at 36? So 200 shares at 126 in a "worst case scenario" for 7.2 grand? I definitely see your logic, cause 7200 of common would get you about 60 shares, so you got another 140 for the premium.
Hold that mofo until some time in May, and I hope those 90s are worth about 90.
BOL, man!
WSC-
You got a double on those June 90 calls at 36? So 200 shares at 126 in a "worst case scenario" for 7.2 grand? I definitely see your logic, cause 7200 of common would get you about 60 shares, so you got another 140 for the premium.
Hold that mofo until some time in May, and I hope those 90s are worth about 90.
Going long deep ITM calls (well not that deep) means I paid around 12 bucks premium for 7 months time..that aint bad..it comes out to 1.50 or so per month.
I could spend 7200 bucks on a few shares like you say, or extended margin it with these options.
It also gives me TWO earnings cycles..which will be a big benefit.
I am also eyeing some DRYS common today. They announced a 3 for 1, not doing much for the stock as it shouldnt but I might by 150 shares here and let that turn into 450 and see where she goes down the road.
CC,
Yep...that is exactly my thinking.
Going long deep ITM calls (well not that deep) means I paid around 12 bucks premium for 7 months time..that aint bad..it comes out to 1.50 or so per month.
I could spend 7200 bucks on a few shares like you say, or extended margin it with these options.
It also gives me TWO earnings cycles..which will be a big benefit.
I am also eyeing some DRYS common today. They announced a 3 for 1, not doing much for the stock as it shouldnt but I might by 150 shares here and let that turn into 450 and see where she goes down the road.
You're right that SYY is dead, but that's cause of the oil fiasco.
In a damn bear market recession, shares of SYY would be going fast were it not for the oil horrors. That is why I bought back in July......didn't know oil was going to 400 bucks a barrel back then....figured it'd level off until like March '08, allowing me to sell SYY at 40ish...............WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Like 'em or not, WSC, and I agree that their product is subpar and their new supply initiatiave has been very poorly managed, but they are the damn WalMart of food distributors. They are loaded with ammo and can beat basically anyone in a fight.
WSC-
You're right that SYY is dead, but that's cause of the oil fiasco.
In a damn bear market recession, shares of SYY would be going fast were it not for the oil horrors. That is why I bought back in July......didn't know oil was going to 400 bucks a barrel back then....figured it'd level off until like March '08, allowing me to sell SYY at 40ish...............WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Like 'em or not, WSC, and I agree that their product is subpar and their new supply initiatiave has been very poorly managed, but they are the damn WalMart of food distributors. They are loaded with ammo and can beat basically anyone in a fight.
My experience dealing with SYY in the past is that they are a smug firm with a terrible product line.
As a distributor they refused to offer a variety of product lines, forcing people to buy THEIR goods or get none..plus I read that they raise and raise and raise once you are hooked into their system..meaning they offer good deals to get you in the door and screw you after you are in.
Geez I didnt need to be so hasty with DRYS..back down she goes.
The bears are KICKING the high flyers..GOOG could go under 600 quick. BIDU down 30 bucks, SHOULD go under 300.
When I looked at those 300 put leaps on BIDU the stock was 100 pts higher from this level...wow.
CC,
My experience dealing with SYY in the past is that they are a smug firm with a terrible product line.
As a distributor they refused to offer a variety of product lines, forcing people to buy THEIR goods or get none..plus I read that they raise and raise and raise once you are hooked into their system..meaning they offer good deals to get you in the door and screw you after you are in.
Geez I didnt need to be so hasty with DRYS..back down she goes.
The bears are KICKING the high flyers..GOOG could go under 600 quick. BIDU down 30 bucks, SHOULD go under 300.
When I looked at those 300 put leaps on BIDU the stock was 100 pts higher from this level...wow.
i think an over reaction to to the proposed energy bills in congress,,etrade gets what they deserve,,fuk em,,,as far as cnbc is concerned,they are all a ffiinn joke,,touts on tv ,thats all,,,i will say though that bill griffith is a cool guy,he lives next door to my moms house in jersey,have met him many times ,down to earth ,have had a drink with him,,,my ass still hurts from not getting the over in the sd game last nite,horrible coaching,refs didnt have a good game either,,,should be in the red all the way around by the close
i think an over reaction to to the proposed energy bills in congress,,etrade gets what they deserve,,fuk em,,,as far as cnbc is concerned,they are all a ffiinn joke,,touts on tv ,thats all,,,i will say though that bill griffith is a cool guy,he lives next door to my moms house in jersey,have met him many times ,down to earth ,have had a drink with him,,,my ass still hurts from not getting the over in the sd game last nite,horrible coaching,refs didnt have a good game either,,,should be in the red all the way around by the close
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