All solar stocks (FSLR, ESLR, SPWR, SOLF) took a nose dive today as no buying interest showed up for these names. Just last week these names were the momo-guy's favorite plays but no more. My puts that i bought on FSLR yielded me a quick 76% profit in a day and i sold all of them at the end of day since its gonna be a long weekend and maybe the momo-guys still love them and start buying them again one last time. Either way, its hard to argue with a 76% return in 1 day and i dont want to be greedy.
My DUG purchase yesterday worked out ok today too. The OIH (Oil Services ETF) is starting to break down too and i'm noticing chinks in the armor. One big tell was yesterday (Wednesday) when oil rallied $5 on the day but Exxon (XOM) reversed direction hard. The price movement of DUG is inverse to the OIH so when stocks like Exon, Conoco, Chevron start breaking, DUG rallies.
No comments:
Post a Comment