Since that day the tax announcement was made and WWW.fools article may have had a wise tip at the end of the article because both stocks jets cooled the same way. Did you notice. At any rate lots of eyes on this now because of the latest tax break and steady gain she's made and chart pattern. I'm watching this closely in hopes of a lower entry after it settles a bit, if it settles?
Why Chinese Solar Stocks Jumped Today
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Suntech Power (NYSE: STP ) and LDK Solar (NYSE: LDK ) have jumped 19% and 26% respectively, after investors learned of a tax break.
So what: China's Ministry of Finance announced it will give manufacturers of solar products a 50% refund on value-added taxes to help the industry. This would lower the cost to manufacture a solar module and should help with anemic margins for manufacturers.
Now what: The Chinese solar industry as a whole is up today with Suntech and LDK leading the way, a curious move by these stocks. Both companies have defaulted on debt payments and are going to have to restructure operations. Shareholders won't likely be left with much in a restructuring considering the billions in debt both companies have, which means I wouldn't buy the move of either today. read more here http://www.fool.com/investing/general/2013/09/30/why-chinese-solar-stocks-jumped-today.aspx
News 
Market Data 
Discover 
