Why Chase Solar Plays?
Source: http://alphatrends.blogspot.com/2008/09/why-chase-solar-plays.htmlPosted on Tuesday, September 2nd, 2008 | In Technical Analysis Videos
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
I received that question from a reader this morning after all of the solar plays gapped lower along with the energy sector. For the record, I did a “bonus video” for book purchasers on 8/20, when the majority of solar stocks were much lower. On Friday I suggested that YGE is susceptible to a short squeeze and I was long the call options. I have sold all of the options at a profit. No doubt that the solar stocks have had great runs and I did not recommend them, I merely outlined a TRADE I was involved in. RISK MANAGEMENT IS JOB #1. How you trade is up to you, but if you control risk, almost any strategy can be a profitable one.
Last 5 posts by Brian Shannon
- WIngsuit Flying - November 30th, 2008
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 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
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