Goofy....it's a stock and not the thing itself.
SOL is a "stock" and not solar generation itself, and we shouldn't forget that. Somebody's walking away from SOL and the other solars. That's all I know (or want to know).
No one thought oil would go up to $112/bl this last time, especially against high-inventories, no shortages, and a sluggish economy, but it did. Must be "something" pushing it up?
For the short-term, I'd say things are still in a down-trend. If you have the margin and can watch the tape for the whole session, you can make some ducats with the futures. Harder to do now with options, which is why I wouldn't try and day-trade them and have to go with the intermediate trend.
A good play that can work is to short a stock just before it's ex-dividend date, It's more than likely to drop the amount of the dividend.
The govt. is now all special-interest driven, both for the Repubs and the Demos. They are all at the trough. My guess is that, Mish Shedlock may be right (I hope not), and the debt-ceiling will be raised without, but a token of cuts. Then, a trillion or so ducats can flow into the PBGC to jam the fake-economy market up to new highs again. The dollar will drop below $72, and we'll have inflation like you've never seen before. If people liked the last couple of years, they're gonna love the next two even better.
SOL may be a $50 stock by the end of summer?
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