a friend of mine is recommending best buy, el paso energy and drys. any opinion on those from the experts on here? perhaps some other tips?
Wait for the market to bottom first...but yeah, I'm still eyeing STP. The ride up to $21 was awesome, would buy again, A+++++
STP is about 1.00 off its all time bottom. I have never touched <i>Solar</i> before, but now I need to think about it.
about stp and other solars and how they are influenced by dollar moves http://www.reuters.com/article/marketsNews/idINN0531207320081105?rpc=44
robbie Some people (Jim Rogers for sure) think that the dollar's recent strength is only temporary because the hedge funds had some positions to unwind. Buying Solar in the near future is somewhat of a bet against the dollar on a longer term basis?
ashfords portfolio is crap. they mostly invest in limited hospitality (ie la quinta, budget inn, etc you get the idea) nobody is loaning hospitality now. they wont be able to refi jack. i think you buy it youd be in for the long haul. much better finds out there.
My motto: You never go bankrupt by taking profits. You may leave some on the table, but its better than losing your profit and principal on a huge market turn.
yeah you could look at it like that however dollar weakness will not happen in the near term. europe is far too weak to bet against the dollar now. you have to think long term downside in solar is limited due to barack and with a weakened dollar that should help buoy long term profits. also about jimmy rogers...he is horrible with market timing and is often wrong by months or even years.
I have heard that several times about Rogers. He does well on the <i>Big Picture</i> concepts, but doesn't have a knack for the shorter intervals.
What are you talking about? Their portfolio is mostly Hilton, Marriott, Starwood, etc. In fact, I'd argue they have one of the better ones out there. I'm in the hotel business and if I was looking at their portfolio, that would not be what would concern me.....
Congrats to the short positions. It is tempting to take 15 pts here but I will monitor a bit longer before closing SDS. On the long term ideas: Solar still bothers me because the industry still has too much supply and silicon prices are always a lingering issue (which isn't as much as a problem for thin-film tech). Funding is also tight which will be a big catalyst for bad news as smaller start up solar companies struggle. Solar has been very hyped for a long time and has some extreme volatility trends - for a safe long position, I think there are better renewables that are ready now and even have better output, such as wind/geothermal/clean coal technologies. Both Best Buys and DRYS have kind of questionable moves lately. Best Buy opened a lot of stores and EPS dropped quite a bit during a time when consumer spending will slow down. The monarch at DRYS decided to buy up a ton of oil refining ships rather than stick to dry bulk. It's been a while since I looked at this sector but I remember I preferred GNX and DSX with their better cash flow and balance sheets. General risk averse rule applies to me here "I don't know what will happen because of their recent moves" and because of it are not my choices for long term capital gain on recovery cycle. As a short term trade... don't know
Id be weary of the ENER earnings on Monday. if they jack it up then, there may be more downside to solar sector.
