Continuing the theme of avoiding the stronger sectors and buying some weaker areas, I had almost bought Canadian Solar (CSIQ) just a few weeks ago in the mid $30s - it ramped to low $50s, and a missed opportunity went by the wayside. [Jun 17: Canadian Solar (CSIQ) Raises Guidance]It has now pulled back 30% from its high of $52 two weeks ago, and this appears to the be the market's current favorite - the only chart I can find in the sector where the stock has not broken the 50 day moving average. This is not my favorite name in the sector fundamentally - a huge amount of their last earnings were nothing more than currency gains - but the market doesn't peek beneath the hood to realize that, so we'll go with the market. And frankly, all that I've gained from buying ...

I am really gritting my teeth at this missed opportunity for Trina Solar (TSL) management to finally reward its shareholders... some of which have been sticking with (or around) them since last summer, only to be disappointed time after time. My long term thesis on this name has not changed, and I believe the 2nd half of the year will be explosive. It still trades at a huge discount to the group, which most likely is (a) management discount - a leadership team that loves to surprise us with new adventures that no one else in the group embarks upon - Wall Street however hates surprises and (b) potential dilutive equity offering to fund 2009 operations coming later in the year. While most people would be more concerned with (b), I am more concerned with (a). Last year they surprised the Street with a big annual ...

Very busy day today! I am cutting all 3 solar positions today but with a caveat - all 3 are under a resistance level; if the stocks show enough strength to break above this resistance, I'll buy back. They have been mostly range bound (strangely) with energy prices ballooning but there is a lot of strength today as the speculators run from 1 sector to another in their rotation. Looks like today is solar's turn. Let me explain each one Yingli Green Energy (YGE) is in the $22.70s. If it breaks north of $23 (200 day moving average) than it's in far better technical condition and I'd buy back my stake I sold... right now it's still range bound but at the top end of the range Trina Solar (TSL) is in the $43.10s; it could still work all the ...