Today was rather interesting. Pulled some money out of Gushan (GU) and then made a m0ve into a transport Dryships Inc (DRYS) and just a small position back into First Solar (FSLR) thanks to the big drop today. Tomorrow is likely to be a down day, Asia is showing some signs of weakness. This may be time to move out of a position like Apple (AAPL) at least for the short term since momentum seem to have stalled there for the moment.
The DRYS move this morning was likely a mistake, got caught trying to turn a quick buck even though the stock has been on a tear lately and has nearly doubled. FSLR may also be a mistake since there is a good chance this one goes back down to $280, but a small position at $292 won't hurt. Unless the demand for oil suddenly drops, the alternative energy play will continue to remain a good one for the long term. So, if there is a lot more weakness this week, it may be an opportunity to further add to the positions, especially if in companies like FSLR and GU.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment