agreed. i do think they will eventually though.I wish JA Solar would wake up and join the party as well.
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agreed. i do think they will eventually though.I wish JA Solar would wake up and join the party as well.
There is no way to put this politely, but the author of this article is either clueless, an idiot, or purposely misleading people. Either way I would fire him, because he is really bad at his job. How can you write for Reuters and not even fact check what you write? Now business insider used that exact same sentence in its article ( not sure that if they are related to Reuters)
JASO has by far the best balance sheet out of all Chinese solar companies (CSIQ included) and is the main reason I invest in them.
I have read a while ago an article by some big news outlet (Reuters, Bloomberg, or someone similar) that lumped JASO together with LDK and YGE as companies with huge debt loads.
The media is clueless and this is probably a good reason why JASO has been lagging in 2013. This is also great news because I have been loading up on JASO at a discount thanks to this FUD. Once the truth comes out, I am going to make a lot of money.
I think JASO presents the best risk/reward in the Chinese solar industry right now. Least risk for sure, but still has potential to outperform everyone.
Look at the balance sheets of the companies and it is clear that JASO's is the best. Only takes 10 minutes.
I rest my case:
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140107&id=17230869
CORRECTED-China pledges further support for solar industry
(Removes reference to JA Solar Holdings Co Ltd in eighth paragraph)
Here goes CSIQ again....they are nicely spacing these announcements - up more than $1 in premarket.
Canadian Solar Connects its 10MW Solar Power Plant in the Jiangsu Province to the State Grid - Yahoo Finance
Expected some profit taking after the tremendous run-up of past week. Chinese solars got hit hard today in typical style, most of em at anyway. I got some more KNDI today, I think it will be a good year for them. What do you guys think of Norse's predictions of Solar prices on his investment site?
forum.thecontrarianinvestor.com
Convert2013 - you are welcome to join us and we would be glad to have you. I see that you posted here that you have ~80% of your portfolio in solar and have been doing a lot of research. I would hate for you to have to go at it alone with that much exposure to solar in your portfolio. Norse lives in Norway and has all of the news stories posted in the morning when we wake up in the western hemisphere. It is really convenient. I think that we could learn a lot from each other.
Maybe a good buying opportunity, but maybe it isn't. I think that I will be buying TSL in the low $15's next week or maybe even high $14's.
Currently I am loading up on shares of JASO in my retirement accounts. I am happy with my 1 month CSIQ, JKS, and TSL gains and am going to gamble on JASO going forward. I am ready to hold for a long time though if I think that the market is being irrational. I will only take a loss if something fundamentally changes in my investment thesis, such as a $200m poly plant write-off :wink:
But I still think that the solar sector may pullback another 5%-10% over the next few days/weeks unless we get a big catalyst. We had good news all around and a sell-off. This is the first sign of a rally losing steam. If we have another weak trading day with such good news then it might be a short term top. Of course a big positive catalyst, such as solarbuzz coming out with official figure for Q4 at 12GW could spark the next leg of the rally.
Right now I think that the odds favor the bears at least until options expiration happens next Friday. I am in a lot of cash and bought some protective puts. Still 80% invested, but not my usual 100%, a good chunk of puts to hedge just in case.
Every day brings new news stories and you never know what could happen next. But my base case is always to assume no material news either positive or negative, and if this happens to be the case then I think the pullback will continue for a very short period of time.
I would start nibbling after a 15% pullback from highs and then more at 20%, 25%, etc. JASO is a lot less volatile, therefore I am buying JASO at 5% and 10%, etc. pullbacks.
I could be wrong and maybe CSIQ hits $45 by next week, but I don't see it happening. I have been wrong plenty before on solar, it really is hard to time these trades so take everything I say with a huge grain of salt.
First article is good in some ways. Second article not so good... oversupply returning.
China Decides Which Solar Companies Live or Die : Greentech Media
SolarIndustryMag.com: Oversupply Returning To Polysilicon Market