Enjoy the Weekend

It was another fantastic week for the Bulls as Monday's plunge ended up being yet another buying opportunity. Here is an update to some of the posts we had recently:

We think Jeffries must have read our blog post from two days ago and downgraded the solars...

Aug 21, 2009, 1:27 p.m. EST

Solar shares dim as Jefferies note casts shadow
NEW YORK (MarketWatch) -- Shares of First Solar fell 3.5% to $125.82 and other major solar energy specialists declined after cautious comments from analysts at Jefferies & Co. "We expect rapid growth in solar volumes, but a downward pricing spiral and lack of discipline around capital deployment leave us cautious on cell and module manufacturers," Jefferies said. "Materials providers (ex-silicon) appear better positioned to benefit from rapid growth." Jefferies cut Ascent Solar , China Sunergy , Energy Conversion Devices , Suntech and Solarfun to underperform from hold. First Solar and SunPower were cut to hold from buy.

The Broadcom trade worked out very well especially if you bought on Monday's dip with the tight stop we mentioned:

And RINO edged it's way back up also...

Enjoy the weekend and we will do the same as we get close to saying goodbye to summer.

Trade well,
Trader D

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