Wednesday, March 16, 2011

16 March 2011 Let The Sunshine In


16 March 2011 Let The Sunshine In

Ok, who knows who Gunter Oettinger is? He is a European Commissioner of Energy for the European Commission. Why is he important? He spouted some very inaccurate comments about the state of affairs in Japan with regards to their nuclear plants. It hit our market at about 7:00 am PST and we saw the market crunch from about 60 points (Dow) to 200 points down. It turns out his comments were for a prepared speech and not based on actually conversations with ANYONE in Japan. Now we are not pretending that all is well in reactors 1-4 at the Fukushima Daiichi Plant in Japan, but the comments implied pending Armageddon. Let’s just say it got everyone’s attention.

It was very interesting to run from our hotel to our home this morning in time for the market opening only to realize we had NOTHING to do. We checked some remaining PUTs and checked on our London Exchange account (Had to dump one there. As it had dropped below our 8% rule.) That was it.

Throughout the day we had no good reason to check on the account. We did take some time at lunch to adjust our 401K account. People if you have tax deferred accounts, don’t forget about them. Give them a little love and attention. We were 100% equities and we moved to 50% equities and 50% cash as of today. Last night we started a new book called “Reminiscences of a Stock Operator Illustrated”. It is about a guy named Jesse Livermoore who was a stock trader in the late 1890s. We will tell you how it goes, but so far it is amazing how some things never change.

At times like this it's fun to see what the other corners of the world are saying about the markets. Thank you, Terry for sending in some heads up from his FA in Australia. They too have gobs of volatility and when the information Terry sent me their market is about 4% off their highs (Now worse than that.) The overall message was not as fatalistic as we have seen on other markets. The portfolio referenced is very heavy dividend stock (You would love it Hutch.), but is due for correction and should be watched closely.

Let The Sunshine In

We have played with the white hot solar stocks in the past only to get sun burned. My fair skinned Celtic back round actually allows me to get moon burned, but I digress. Any who, we would not buy any equities at this moment in time, but thought it worthy to mention a few Solar Stocks if you are interested. We are not endorsing any of these, but with the events in Japan, investors will chase the need for greed into the solar market so you will see some upside in the likes of FSLR First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology. It also designs, constructs, and sells photovoltaic (PV) solar power systems. The company's solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. Its integrated solar power systems activities include the project development; engineering, procurement, and construction services; operating and maintenance services; and project finance. First Solar, Inc. sells its products to solar project developers, system integrators, and operators of renewable energy projects in the United States, Germany, France, and internationally. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

SOLR GT Solar International, Inc. engages in the design and manufacture of manufacturing equipment; and provision of services for the production of photovoltaic (PV), wafer, cell and module, and polysilicon products worldwide. It offers chemical vapor deposition reactors and related equipment that are used to produce polysilicon to chemical companies and power generation companies. The company also provides directional solidification systems (DSS) furnaces and related equipment that cast multicrystalline ingots, which are used to make photovoltaic wafers and solar cells; and turnkey integration services, using third party wafer, cell, and module production equipment. In addition, it offers technology and engineering services for the commissioning, start-up, and optimization of its polysilicon equipment and technology; engineering packages and process licenses for the production and purification of trichlorosilane and silane; and hydrochlorination technology, which lowers power consumption of polysilicon production. Further, the company provides replacement parts and consumables used in its DSS furnaces and other PV equipment; and a range of services in connection with the sale of equipment, including facility design, equipment installation and integration, technical training, and manufacturing process optimization. It sells its products to polysilicon producers; and solar wafer, cell, and module manufacturers through its direct sales force, as well as through sales representatives. GT Solar International was founded in 1994 and is headquartered in Merrimack, New Hampshire.

TSL Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. The company offers monocrystalline PV modules ranging from 165 watts to 240 watts in power output; and multicrystalline PV modules ranging from 215 watts to 240 watts in power output for use in residential, commercial, industrial, and other solar power generation systems. It also involves in the design and production of various PV modules, such as colored modules for architectural applications and larger sized modules for utility grid applications based on customers' and end-users' specifications. Trina Solar Limited sells and markets its products primarily to distributors, wholesalers, power plant developers and operators, and PV system integrators. The company was founded in 1997 and is based in Changzhou, the People's Republic of China.

JKS Jinko Solar Co., Ltd. operates as a solar energy company which manufactures and markets mono-crystalline and multi-crystalline silicon wafers. Its products are used for manufacturing photovoltaic solar cells and panels. The company was founded in 2006 and is based in Shangrao, China.

LDK LDK Solar Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic products; and development of power plant projects. It offers multicrystalline and monocrystalline wafers to the manufacturers of solar cells and modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, which include ingots and polysilicon scraps, and other chemicals to produce polysilicon and solar wafers. In addition, it involves in the development of solar projects in Europe and China; and provision of engineering, procurement, and construction services in China. The company sells solar modules to developers, distributors, and system integrators. It has operations in the Asia Pacific, Europe, and North America. The company was founded in 2005 and is headquartered in Xinyu city, the People's Republic of China. LDK Solar Co., Ltd. operates as a subsidiary of LDK New Energy Holding Limited.

DQ Daqo New Energy Corp., through its subsidiaries, engages in the manufacture and sale of poly silicon for solar panel makers, photovoltaic module, and electrical equipment in China. It processes poly silicon into ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy was incorporated in 2007 and is based in Wanzhou, China.

With that, we bid a good night. Had a great meal and nice bottle of wine with the nicest lady in the world at Hanna’s tonight.

Salve Lucrum


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April 29, 2014 at 12:22 AM  

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