Well, it appears that we gonna get a Monday gap down. If we don't reverse significantly, the market is in for more pain. (I still think we will bounce the first half of this week). I have some really good shorts that i'm ready to recommend if we get a lame bounce.
If you gonna go long on anything, get in small. The financials and brokers are no place to be a hero and try to catch falling knives. (You could get seriously sliced and diced!!!)
As the market tanks, i will be accumulating a little bit of alternative energy stocks as i believe they will lead the next bull market. Technology is done leading and only few select big names (like AAPL, RIMM and GOOG) will continue to make money for investors. I don't see any new disruptive technology explosion in the horizon. The oils are stabilizing and have limited upside. The Saudis can't let oils go too high or it will stifle demand. If oil continues alot higher, alternative energy sector will be very competitive and more popular and the sector will go alot higher alot faster. Oils at current levels plus global warming is already starting to drive the alternative energy sector, whether oil companies like it or not.
FSLR closed @ 52.06
Cramer had been pushing this solar stock due to their ability to reduce cost of solar energy.
After doing more due diligence on the company, i like this stock and have already accumulated a position.
Recently, a former Intel executive was hired as president to run the company.
A major reason why i am making FSLR my favorite solar play is because the Waltons (as in the family that owns Walmart) have a huge investment in this company, owning over 26 million shares.