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Author Topic: PDN.TO....Pulling money off the table....today  (Read 550 times)
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« on: February 14, 2008, 01:40:57 PM »

PDN today, looks to me like a short term super overbought stock. Pulled the trigger, and sold into strength here. If the evening star holds, it may be the best trade of this year for me...All of the other indicators I use are over the top, so I will sleep tonight no matter what happens...Good Luck.
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jjj000
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« Reply #1 on: February 14, 2008, 04:15:29 PM »


speaking of overbought... whaddya say we all band together and short some Solar stocks? Smiley

I don't have the risk tolerance for it now after this cold winter... but it looks like a good time to me.  Like how about First Solar, or SunPower with a 775 P/E?

Anyway like I said, I am NOT doing this, nor recommending this... just throwing it out there...
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« Reply #2 on: February 14, 2008, 05:43:08 PM »

SPWR looks like it is in its downtrend, established late Dec07, and should attempt a retest back to downtrend established on the failed retest ($145) that approached the high. I would wait until this thing goes back to 110-120 range (as of today's slope) and watch for the bounce back down off that main dtrend. One could place a cover on top of the trend to take a small loss if it did turn out to be, infact, a trend *change* to up.

SSLR also is a candidate. It looks like it is going to fail it's retest of $280ish, its looks extremely weak today, and will probably turn down, at least that's how I read the chart. I would wait another session or two just to confirm this, what looks to be a failed rally though first...And good volume, which would give the failure much more credit, it this is, infact the turning point....Good calls on both of these....thanks
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