LDK is way oversold!!!
I just got back and looks like we got a profit taking late session. This should be of no surprise to you folks because we are overbought in the immediate term. Give it 1-2 more days and then buy more solars. I believe selloffs like today is a gift.
LDK took down the sector, but it will be temporary. I'm not sure what's with LDK but i am checking now. But i think it's a non-event. I would probably buy some below 50 afterhours. Just some. WHen the mad crowd wants to exit there's not much you can do but to wait for a hint of a reversal. The stock closed at the 50dayMA. It would make sense to buy some here.
LDK is now at nonsense levels. A buy below 48 right this moment afterhours is a bargain. It is excessively oversold. I won't bet my house on it but i would buy some here.
LDK is a New York Stock Exchange stock company that just went ipo within less than 6 months. C'mon man, that selloff is a total nonsense and a great place to pick some up.
How many NYSE companies do you know that blows up as a fraud right after 6 months of their ipo? NONE.
It's a buy buy buy!
I reiterate: LDK is a really great investment at below 48, and a great overnite daytrade as well.
[Note: I would not put most of my moula into this stock though. I doubt very much that LDK will be the next CAFE, but ya never know.]
11 Comments:
CAFE cost me like 150-200 grand
dont bring up the memories
7/20/2005 Buy CAFEW.PK 1400 10.07
7/20/2005 Buy CAFEW.PK 500 10.1
7/20/2005 Buy CAFEW.PK 7500 10.08
7/20/2005 Buy CAFEW.PK 1100 10.14
7/20/2005 Buy CAFEW.PK 9500 10.15
thats why i like shorting now
and have discipline now
got burned so badly in late 2005 on not just CAFE
Beanie,
I think I need to add LDK to my FT model. Check it out at:
funnytrader.blogspot.com
LDK
accounting and inventory, miscount....
news could last a couple of dayz..
zee
and Beannie, ( at Gary's you are so down on oil) what's up with oil, that stuff is never coming down, until it's replaced, by fusion...
zee...
Sold my TRBN today and my position in FLY...Made about a point in each and the ink isn't dry on the certificates yet.
This China situation is starting to smell like a blowoff top.
Ramp speculation...accounting nightmares....financials you can't rely on...products being produced with substandard materials. Feels like the Exodu's of 2000. The man behind the curtain is about to be exposed.
I simply don't have the nerve to step up to the plate and buy an LDK even if the Controller was fired for absenteeism. That in and by itself is a reason to sell it. Who knows if that is the truth or they're just saving "face" again. Too complex for me. But knowing Beanie the darn thing will be up 8 pts tomorrow and I hope it is!
LDK 50 DAY = 51.1 = probable support, next support is 40/49
actually anything under $51 is a buy, because LDK, definitely gets back to its 50 day,= 51.. if it goes under the 50 day...start grabbing, the further under, means mo mo money...
will LDK go below it's 50 day...i don't know...
zee
if morgan stanley is right about LVS and WYNN missing Macau revenue estimates, those two are going way down,
what's the deepest down there is, well that's how far down..
zee
NTRI DOWN 22% AFTER HOURS
NutriSystem shares slumped 22% to $36.79 in late trading. The company said it expects third-quarter earnings of 62 cents to 66 cents a share, down from a previous forecast of 77 cents to 82 cents a share.
attributed the lower outlook to a 7% decline in business from new customers
and finally here's why i think its a buy at opening bell
NutriSystem predicted revenue will increase 21% to $188 million. The company had previously forecast revenue of $200 million to $208 million.
http://www.marketwatch.com/news/story/wet-seal-nutrisystem-bemis-drop/story.aspx?guid=%7B1325FC4B%2DB313%2D4914%2D872B%2DB2227B35883F%7D&dist=TQP_Mod_mktwN
Its a buy at opening bell...$37...more than likely...
What's Beanie's position in LDK?
China knows how to cook, as in cooking the books.
Remember CESV? Chinese Energy Savings?
More often than not, Chinese co's are just frauds.
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