Tuesday, February 27, 2007

solar goes crazy

What is with all these solar energy IPOs going nuts lately? TSL, FSLR, SOLF, etc. I searched today to see if there was an ETF that carried these things. I read about one coming out "soon" but didn't see anything that was exclusively solar right now. Oh well, I've got WFR and that should be a solar play.

Speaking of sector rotation, it's not looking good for the financials. The XLF is down and the XBD looks even worse. Stocks like MS, MER, LEH, etc are getting hammered. I'm still long GS from 178 and AGE which I bought back in 2000 in my IRA for 35, but I may be bailing out of both of them if they fall much further.

Interesting stocks:
  • MSTR brokeout to a new high
  • RIMM new high on big vol
  • HURN had a powerful gap up and follow-through
  • GEF has based for a week after breaking out to a new high
Today I closed out my position in CHINA. It found a little bit of support, but has been lackluster for me.

I'm also looking to get back into MFW. I may have exited it too soon.

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