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Glad I let my CSIQ go last week around $40. Initially it hurt to see it go to 43+ but now I can buy back at a discount, though i'm not sure i'm going to at the moment. Plan was/is to always buy back in.
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This CSIQ drop is a gift in my opinion -- revenues weren't cancelled they were just delayed due to harsher than expected winter causing construction delays. New analyst coverage coming out from JP Morgan on CSIQ sometime soon as well.
Just added some medium-term calls to my CSIQ LEAPS and stock holdings.
Agree that this drop in CSIQ today was exaggerated and unwarranted. I still have one Jan15$30 call that I bought a few weeks back, all other calls both LEAPs and shorter term were sold in the last two weeks gradually, for nice profits. Those profits went back in today partly in new LEAPS (Ja15$50) and also a bunch of pretty speculative Mar$42 calls (timed the bottom pretty well with those). The next 14 days will be exciting with CSIQ and as far as I'm concerned nothing has changed in the long run.
Were you able to start your fridge with it? My fridge uses 1300 watts and I didn't even try it because the startup draw is typically 2x the run current.
I think that both you guys are exactly correct. I also went on a March OTM call option buying spree today with CSIQ at $37-$39. I am still worried that the market can act irrationally in the short run, but that would just become a great buying opportunity IMO. They gave guidance for 2014, so there is no more guessing involved. Almost $3b in revenue and $4-$5 EPS seems very reasonable if they merely meet expectations.
I hope that it goes up tomorrow so I can cash out my March calls, but if it keeps going down then I am ready to buy more.
Nothing fundamentally has changed, in the last three quarters of 2014 CSIQ will have to average $800m in revenue to meet guidance. Sounds like the stock is going to go crazy by the end of this year. When it will start, I don't know, and that is why it is better to get in early and stay patient. I am not worried one bit about CSIQ.
The low of the day was 36.95. Getting a OTM $37 by the hair your chin thereI also went on a March OTM call option buying spree today with CSIQ at $37-$39.
Thanks, Sleepy. I confess I "cheated" today by checking out your thread over on TCI to get the scoop! But yeah, this was just an obvious overreaction on revenue delays due to seasonality that is to be expected. This year feels like a slow-building but inevitable march towards broader market understanding of the cash machine these solar companies are becoming, with CSIQ leading the pack. To be honest, the revenue delay will probably mean a huge revenue beat next quarter when they report, which we here would expect but the market might not. Might be a nice pop when it happens. Here's hoping!
The low of the day was 36.95. Getting a OTM $37 by the hair your chin there
Appears it's something going on with every China solar. JASO's actually under performing most of it's friends today (YGE, SOL, TSL, CSUN).What's driving JASO parabolic?
Appears it's something going on with every China solar. JASO's actually under performing most of it's friends today (YGE, SOL, TSL, CSUN).
Thought this was somewhat pertinent to the topic. China's first corporate default was small solar firm.
http://money.cnn.com/2014/03/07/investing/china-solar-default/index.html?iid=HP_LN
Roth Capital Starts JA Solar Holdings Co., Ltd. (JASO) at Buy $15 PT:
http://www.streetinsider.com/New+Co...Holdings+Co.,+Ltd.+(JASO)+at+Buy/9258785.html
This is new coverage picked up by Roth today. There are virtually no analysts following JASO; maybe 1 or 2 that I haven't heard from in months.
That is a good thing you guys have sleepyhead to keep you updated :redface:
Now that cat is slowly coming out of the bag, lets hope for a big ER 3/17 and great guidance going forward.
Like I said, sooner or later Wall St. figures these things out and that is why I like to get in early and be patient. I was buying at $8 - $10, and now Wall St. can start their own bidding process at $11.