This trend is in full gear. You have no supply (stocks) and improving economics. You have Venture Capitalists way behind and with money to burn. You are years away from the silly IPO’s…trust me they will come, to cure the supply problem. Most imporatnt, one mutual fund like Fidelity could own every share of every public solar stock and corner the market.
I don’t know what really happened today but wow. In frothy sectors sometimes stuff just goes up and up and you can’t explain it so why try. You can’t say I have not warned you, including this morning . Late in the day, my solar stocks rocketed led by CSIQ and FSLR.
I do know this. I am ADDING a few names asap.
Likely JASO – JA Solar Holdings . It just busted out again to all-time highs and looks too good to pass. Furthermore, it’s CHINA and SOLAR should go up doubly fast :) . They are so volatile that I am adding a 1/3 position only.
That will take my solar positions to four – FSLR, WFR, CSIQ and JASO. Frothy names for sure, but I have also sold down FSLR and CSIQ (blogged it ) so I have some room for a new position.
Is there an ETF yet? Bueller…Bueller
Other ideas welcome. Let’s make some money. It’s not too late, but there will be some horrific pullbacks along the way that make you barf.