The stock I love to hate, CSIQ, has rip roared to $22 and change this morning from a low of $14 a few weeks back. My entry was in the $17’s and I will take half off the table. My stop is way down below $10 so I want to have the room to ride it down with profits taken. This could be $11 or $40 for all I know this week.
I have sold enough RICK’s to bring my average cost down to $0. My stop is $11 and change on the last amount so there is no reason to write about it other than in aawe of it’s now $23 and change price. No need. Here are all my RICK posts for reference . Enjoy the remaining part of the ride, wherever it takes us.
Can you explain what’s going on with CSIQ? Amazing, but is it sustainable? Probably riding the wave of the Energy Bill (even if they are a Canadian company), but Senate likely to filibuster over renewables and President likely to veto. So how long do you give this good run?
Solarfun, LDK Solar (LDK), Canadian Solar (CSIQ), Hoku (HOKU) and China Sunergy (CSUN) all gained over 30% last week. And FSLR is up 689% YTD?!
Long sun!
Hi Howard … I’d love to hear more about how you choose your stops. Tech analysis, art, instinct, darts? I’ve never caught on to doing that for myself but something I always have known I “should” start doing.
paul – so would I. it’s all luck :)
go read the trend following document in the market resurces link that explains stops