January Retail Sales numbers are out. They are better than expected, but they are weak. 0.3% V -0.3%expected; Less Autos: 0.3% V 0.2%expected. Prior number, less autos has been revised from-0.4% to -0.3%. Futures spiked on this news, but have since pulled back a little. The market may continue this weak rally, and it may push to that resistance level of 12500 on the Dow again, not quite getting there yesterday. Gold and oil are down a bit, but solar plays have legs. First Solar (FSLR) reported good earnings and spiked over 20%. FSLR and SPWR have a very low float and tend to have dramatic moves. Business Inventories are due out at 10amET.
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3 Comments
February 13th, 2008 at 11:14 am
Funny I mentioned Solar plays yesterday.
FSLR will likely lose 50% of it’s gain within the next 30 hours.
ONly to retrace it’s self within the following week,
depending on the price of gummy bears at Charles Street School.
Investing versus Gambling
????? v ??????
February 13th, 2008 at 1:22 pm
Those solar plays are much like gambling!
FSLR is still holding up for now, but we’ll see what happens to it next week. Price of gummy bears? LOL Love it!
February 13th, 2008 at 9:35 pm
Dave B - Yep…don’t bet against those solar stocks. I wouldn’t chase em’, but I also wouldn’t be afraid to buy the pullbacks to support. Good luck.