Why Wall Street hates Solar Stocks?
The P/E for LDK is so low around 2.28. It is all around the solar industry. What do you guys think of this. Please post your views.

1. No strong fundamentals. Even though it sounds cool to go solar it is still more expensive than Oil

2. Most solar stocks are chinese stocks.....stay away from Chinese stocks unless you have a stomach to digest the massive swings...just look at the historical prices on CSIQ, LDK, JASO and FSLR. Those stocks swing so hard that you will end up selling in the lows and buying at the highs.

I was tempted to buy some LDK but i am going to stay away from it. I have had enough of Chinese stocks.

I dont follow fundamentals much ......technical indicators were created for the sole reason to analyze SPECULATION and whats wallstreet without speculation...look what it did to the oil prices..........with that being said ... my opinions on LDK 
there was a decent buy volume on 21st  but not much price action, MACD histogram decreasing, MACD line and signal already crossed downwards when a run a faster scan , so this might trade sideways for a while(short term) or even bottom more ....but the chart looks extremely bearish .....50 MA line crossing downwards from the 200 MA line ... i would stay away from it till it gets to oversold levels like it did at the end of may...JMHO

phiste,
 sidster and TOF had said it all.....wallstreet have found other sectors and industry groups more attractive than solar industry which heavily depends on government subsidy. chinese, german and spanish govts are some of the heavy suppotesr of the indusry. with the govt debts sky rocketing around the world, subsidy is not available as before. Until unit cost of unit energy production comes to the parity to traditional sources of energy production, solar industry is not going to take off. Analysts hope to get to parity by 2014-2015. There used to be a Nepali, sanjay shrestha working for Lazard investment bank covering solar industry. forbes had named him no 1 analyst for 2006(I guess). Keep on eyes on his recommendations for future. Solar is not for now but for future for sure.

@Obama:  Interesting that you mentioned Lazard.  VP of Emerging Markets at Lazard is also a Nepali.  Her name is Monika Shrestha.

TOF,

What are the technical signs looking for RDN. I grabbed some at 3.50 thinking it was oversold. I think there is a resistance around 4.25...i know RDN does not have great fundamentals but this stock swings hard to and just wondering if i hit the bottom.

Also what are your technicals  in S&P? I really did not think it was going to break 1306 but i was wrong and took a little loss since then.

solar has already reached a grid parity in sunny area and it's just a matter of time, order will ramp up when cost goes down even more. i would suggest you buy these solar stocks at this point when they are oversold because of news from germany and italy. as soon as EU situation improves, things will pick including other stocks that are depressed. solar orders are already ramping up from sunny places like India, Saudia arabia, south africa etc.

Sanjaya Shrestha's interview on CNBC - http://video.cnbc.com/gallery/?video=1517195201

Forbes names him number 1 stock picker!

Good for Sanjay Shrestha !!!!

Wish he would come on sajha and express his insights.

CNBC, Forbes wow didn't know some Nepalis were doing so well. Keep up the good work.

  about LDK after seeing today's chart, at 11.30 the volume is about equal to yesterdays volume and the hollow candle is also bigger than the stock has seen in a while ...i think its a buy  next resistance at around 7.50 and support around 6.80 ...did this stock have some news or something...I would do it for a short term trade ...for 30 - 50 cents  ..always try to buy when it is oversold in the 1 min chart or close to it

at sidster I think you caught the bottom on RDN ....i dont see any resistance till 4.99 but it might see some profit taking since it has had 4 green days continuously... but do keep a tight stop loss on it 

TOF,

Are you into finance and markets? Or is this something you do it outside of your profession? I am in IT and this and this is something i do outside of my profession.

@sidster....no sir... I am not into finance and markets...I jst finished my accounting degree..

TOF,

Good for you as well. I am going to assume that you are in your low twenties if you are just out the school. And you have done pretty good for your skills at your age.

What is the best way of understanding technicals...i would like to be better at reading charts.

technicals are pretty easy to understand once u get the hang of it but u sure have to go through a lot of charts ..and i'm not an expert or anything and i might be wrong too

the main technicals i follow are MACD histograms,line,signals , RSI , moving average lines, support and resistance and the biggest of all volume ...i use stockcharts.com for my scans which i pay for monthly to do custom scans

anyways heres one of the stocks from my scans on friday 1.00 pm , it was a MACD scan on a faster setting ...hope this helps...stockcharts has a chartschool of some sort too..i think

@ nina
did not know about monica shrestha....its great that nepali diaspora is making their identity.
@ sidster
sanjay shrestha still writes now and then here in sajha. he used to be more frequent here in sajha when we had investment discussions back around 07. sajha has lust its lusture in last few years as we all know.
 

Was he named " nepali stock trader"

u r talking abt emini. He used to have his own blog too.  

just wondering, how u come up with stock picks for yrself ? What kind of research u use?

obama,

Not sure if you are asking me or not but i look at stocks with great fundamentals and look for the stock cycles.....i spent about 2 - 3 hrs a day looking fro stock movements....resistances and supports...I have about 30 stocks in my radar and i look at how they move and try to pick the bottom.

I picked RDN at 3.50, LLNW at 4.45. amr at 5.50...in last 30 days


Last fall i was able to pick up QCOM around 36.00 and sold it at 57.00...Media could be a big indicator on when to buy it and when to sell it. When the media comes on and tells you that a stock is worthless when its at its 52 week low.....i buy some. Because it looks like the hedgies come in the media to and talk crap just when they need to cover their short positions. Same thing with the selling....when the stock is at its 52 weeks high and the media goes crazy over how great the stock is....its time to sell. It does not work all the time...but i have experienced that it works 70% of the time.

I also take a look at the Micro (stock level) and the macro (world economy) level impacts on the portfolio. Sometimes the stock may hit a 52 week low when the market is at its high...that is a bad sigh...wait until the market comes down to pick up that stock. Do not trust the shows like Cramer and Fast Money...most likely they are trying to get public to do what they say while they do just the opposite of what they say.

@sidster...I so agree with you about cramer...that guy's an ass as far as my opinion goes...yeah he's got a show and he has been in the market before i was born...but its freakin wall street where you trust noone and do your own due diligence because its your money you are risking.....

LLNW was on my scan yesterday  decent chart increasing volume ...MACD turning.....

....and all my scans didnt go green ....i just took off whose charts i didnot like ..