3SOF

Hit $50.  A 5 bagger in 2 weeks.  I thought that only happened in penny land.

Quote from: bjc on October 04, 2007, 02:20:53 AM
Sully, I'd be careful with LDK!

I'd compare the solar issues to China stocks.  They have the ability to TAKE OFF. 

Also, LDK has real earnings.  Real cash dollars and they're growing fast.  Personally, I'd tend to think this is more of a buying opportunity / overreaction to the sell side than an opportunity to short.  LDK forward PE in the 30s.  They made $0.29 last quarter and they're growing fast.  I certainly wouldn't be a buyer tomorrow, as I don't like to catch "falling knives," but there could be some exceptional value presented soon. 

I've been waiting for a reasonable entry on a good solar stock.  In a perfect world you could make a killing on the short side and then I could pick up some cheap shares in the 30s.     I think the area I have circled in the chart should provide some pretty good support.  I am of the opinion the market will react quickly to this bargain.

Looks like LDK would have been a good short, at least ST.. Back down to the $40 area now Do you think a good buying opportunity now? I'm thinking avoid.

It's so volatile for my blood.  I don't like the idea of losing 20% plus in a day. 

I'm confident it will be an excellent long term investment.  It's only trading at ~25x analysts expectations for earnings in the next 4 Qs.  For the explosive growth this sector is going to experience, I think this is amazing value.

Its just such a yoyo!  I guess there is some kind of probe on their inventory.  I like the stock here, but its just too risky for me.  It does look like its coiling around 41 for a little rally.

Quote from: bjc on October 08, 2007, 01:44:35 PM
It's so volatile for my blood.  I don't like the idea of losing 20% plus in a day. 

I'm confident it will be an excellent long term investment.  It's only trading at ~25x analysts expectations for earnings in the next 4 Qs.  For the explosive growth this sector is going to experience, I think this is amazing value.

Its just such a yoyo!  I guess there is some kind of probe on their inventory.  I like the stock here, but its just too risky for me.  It does look like its coiling around 41 for a little rally.

I guess their should have been a board started for LDK. Up 15% P.M. on this;

8:50AM LDK Solar raises Q3 revenue guidance above consensus; says no merit to allegations (LDK) 37.50 : As mentioned at 08:46, LDK raised guidance for Q3 (Sep), sees Q3 (Sep) revs of $140-150 mln vs. $121.07 mln Reuters Estimates consensus, prior guidance $115-125 mln. Co said that it exceeded its original plan and shipped approximately 75 MW of wafers in the third fiscal quarter ended September 30, 2007. LDK management stands by its internal review of the inventory and does not believe there are any material inconsistencies with what LDK has disclosed in its financial statements. "As we previously indicated, we believe that there is no merit in the allegations made about our inventory accounting practices, our business operations are normal and we continue making shipments to fulfill our customers' orders," stated Xiaofeng Peng, Chairman and CEO. "We remain confident that we have the appropriate financial controls and procedures in place for inventory reporting, and look forward to putting this unfortunate matter behind us."

Sully-

Stop bringing this up..it's starting to tempt me!

I want to take a 1/3 or half position.  I can't handle the swings of having a full position in this, at least until things shake out with the probe.  They are going to announce about $0.40 a share and wall street is going to go crazy.  This should at least trade at a forward PE of an APPL or GOOG, both I believe in the 40 range?  40 x 1.6 = at least 64.  With some momo, 80. 

bjc, I'm not trying to tempt, just to keep informed. I'm undecided on this one.

I know, Sully, I was just kidding.

I had my finger on the trigger at 40 earlier!  47 now..oh well.  Win some ya lose some, and I guess I didn't really even lose this one, just missed it.

Up over 50% today but I don't know why.

1:10PM China Natl Resources agrees to acquire Copper Smelter located in inner Mongolia (CHNR) 25.40 +1.64 : Co announces that it entered into an agreement with Feishang Group Limited pursuant to which China Natural Resources will acquire 100% of the issued and outstanding capital stock of Mark Faith Technology Development. The purchase price is equal to the lesser of the audited consolidated net asset value of Mark Faith as at December 31, 2007 and ~$3.3 mln. In addition, co will pay Feishang Group Limited ~$6.5 mln in satisfaction of outstanding indebtedness of Mark Faith.