Hey SOLman, uh, I mean Plash, LDK reports pretty good earnings but warns on Q2 revenue, and the whole sector (if you can call Chinese solars a sector) goes to hell. SOL seems to like to take it right on the chin and after it gets hit really hard, right where it counts, it holds it back up and says, "I double-dare ya'!"
Man, I thought I'd owned some losers before, but this one deserves first place with a tiara and a sash! I did sell about two-thirds of my solars on that last little bounce a couple of weeks ago, so, at least I kind of worked some of the loss out.
Anyway, do you think, maybe, that Chinese solars have been inflated in price (yet their P/Es are less than 3, in most cases) by over exuberant investors (including hedge funds) and now they're just going back to their appropriate values?
Or, do you think there is some sort of clandestine financial warfare going on against Chinese stocks of all sorts, partly due to the fraudulent ones, partly due to some anticipated benefit to US stocks due to the downfall of Chinese stocks (zero sum game)?
Or, sorry to task you this way, do you think that everything is just going down the drain (double-dip) and that Chinese solars are just the canary in the silicon mine?
I really haven't lost that much, and if I sell now, I'm still positive for the year (good thing I made some money on other stocks). But, you know, it's getting pretty bleak.
