Tuesday, November 13, 2007

So Much For Staying in Cash

I put most of my cash back to work this morning, my current portfolio:
AAPL, DRYS, ETFC, FSLR, FXI, GEOY, GOOG, GSOL, JASO, LDK, MA.

Update: Add GRMN @ 85.50 to the list.

Update II: I will be gone for the rest of the day, I have a few stops in place. Updates later tonight.....

Update III: Stopped out of LDK

8 comments:

Anonymous said...

If you make money chasing stength in this market I'm in the wrong business.I went home long into the weak close and sold 10 minutes after the open.

Ragin' Cajun said...

Nice move.

Anonymous said...

you also could have woke up down another 10%. You can make money in this market doing all types of things.

That being said, nice trade.

mrkcbill said...

Ragin your on a roll... are you banking coin$...Those are hot stocks nice to be on the right side.

mrkcbill said...

I'll be coming down to the LA in Jan when my Jayhawks play LSU...

jenn said...

looking good.. GOOG was a great buy.. i dont know about you but its been a good year for me~ i subscribed to a newsletter at http://www.hototc.com and they give me the BEST picks EVER~ try going there.. i find it helpful =)

Ragin' Cajun said...

Mrkcbill,

Look me up if you head down here.

Go Tigers!

JJ2000426 said...

FSLR has a tellurium problem. BIG tellurium problem. Its product is based in cadmium telluride. While cadmium is extremely toxic and may poses an environmental problem, its much bigger problem is the fact that tellurium is one of the rarest elements on earth, rarer even than platinum. According to Arizona State Geologist, the global production is estimated to be only 215 tons per year. Some estimate put it even lower at 168 tons per year.

Read this interesting article, Is there a tellurium rush in the making.

Global tellurium price raised from below $4 a pound to well over $100 a pound in just a few years, implying severe shortage, even without significant CdTe demand yet, as FSLR only start to ramp up production this year. Emerging demands include DVD and computer flash memory, among other things.

In comparison, FSLR consumes about 135 tons of tellurium per GW of solar panels. I do not know how they are going to find the tellurium source when their new factories start up in Malaysia. Even if they can get the tellurium, it's likely their own demand will drive tellurium price up to such high level that they are no longer profitable.

FSLR is a company whose profit margin and growth potential is tightly squeezed and capped by its own tellurium demand. There is no future for this company. It really does not deserve this kind of ridiculous valuation.

Read this article, you might think there could be a tellurium rush by investors. If that occurs FSLR could be knocked out of supply and out of business:

I personally decided that I want to hoard tellurium, too, after reading that article. Read more on my blog.