thetechnicaltrader.net

For some reason i’ve had a mental block on buying any solar stocks when they had been posting huge gains. Well lets just say i’m stupid, but mental block sounds a little better for my own self-esteem though haha

SOLF definitely looks the best to me for having more room to run compared to some of the other big solar names out there on a valuation and forward growth basis. Lets take a look at some of the other forward P/E’s.

FSLR - 134x
STP - 41x
JASO - 36x
TSL - 19.44x
** SOLF - 5x **

So as you can see SOLF on a forward earnings basis is by far the most attractive of any of these solar stocks that have been hot on the prowl lately. Other active solar stocks such as ASTI, CSUN, and AKNS are all projected to be unprofitable in the upcoming year though are moving towards profitability so all are probable to move north along with the industry in general that is growing 30-40% annually.

Here are the analyst estimates from yahoo finance for price targets:

PRICE TARGET SUMMARY

The Average estimate for the upcoming 2008 projects SOLF to report a staggering 6.88 eps on revenues of $4.33 billion. The industry average for the semiconductors P/E ratio is currently trading at 26x earnings. For SOLF to be fairly valued among its peers we could theoretically say SOLF should be trading around $178.88/share found by multiplying the industries PE by the 6.88 forward earnings estimates. Who knows, given some time we might see it trade that high. But as a short term trader this upward valuation appears to gives us a prime opportunity to capitalize on short term momentous gains.

Technically i was hoping to have a chance to buy some shares on more of a pullback to the 13ema but the momentum in solar and the under valuation of SOLF robbed me of that opportunity as of yet. Today SOLF broke out of its short term pennant continuation pattern suggesting a further move to the upside and continuation of this bullish trend.

When comparing SOLF to its peers it looks like its the cheapest and smartest route to take if your gonna diversify your portfolio within the solar stock industry. I took today opportunity on the technical breakout to purchase some shares at 34.25.

OTCBB

SOEN
CHCG
XSNX
CNEH
OEGY - VOL INCREASING
CHLN
STIY*
GORO
GSPG

COUPLE  SOLAR stocks

SOLF - BOUGHT TODAY
AKNS

2007 turned out to be one helluva year with the TTT.net portfolio kicking ass and taking names once again. Full year 2007 performance ended the year with performance of 108.8%!! I certainly can’t complain about this feat and hopefully those of you who follow my trades have turned out profits like this on the year as well I started the year out with my portfolio valued at $85k and ended the years $177.5k.

Lets take a look at the 2007 highlights:

Biggest Winner award goes to none other than CDS: + 150.76%

And now let look at the glorified biggest loser!
Obviously it goes to a stupid penny stock . Silly me

Summing up the Trades:

Total Trades in 2007: 104

Total winning trades: 60
Total losing trades: 44
Winning percentage : 57.7%

Average Gain per Winning trade:  +26.33%
Average loss per losing trade: -7.95%

We kick off 2008 with a bang as XNSX has showed up a 50% gain in the first 2 days of holding giving the portfolio a significant boost along with CHCG making strong moves for us on the rebound. 2007 was a great year and i appreciate and thank every who supports and contributes information here at ttt. Lets hope 2008 is even better!