14% Return in Three Days, Thank You LDK
Posted by Blain Reinkensmeyer
May 21, 2008 at 3:29 pm
Alternative Energy Stocks are back and they continue to turn big profits for those who know how to play the trend. For me that meant buying L D K Solar (LDK) on Monday and selling it today for a $5.36 profit.
The first fact is that oil is continuing to climb, and as long as demand exceeds supply it will climb further. The dollar “strengthening” has done nothing to stop supply and demand. The second fact is that as oil continues to climb more and more focus on the side is being put on Alternative Energy, who for those that follow this blog know it has been quite the trend.
Stocks like SOLF and CSIQ have surged recently in price, and as it turned out LDK was next in line. Take a look at this chart to see the recent move of this play solar technology:
Bought LDK @ $38.61 on 5/19/08
Sold LDK @ $43.97 on 5/21/08
Total Return = $5.36, or 13.88%
To end this post I have great clip everyone should watch which is a interview with Boone Pickens,
Boone Pickens on Alternative Energy (hat tip to Dan Zanger)
After this trade I am now 100% cash, and if it weren’t for trade clearance I would be in QID right now, oh well 
.
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[...] is in my current favorite group, Alternative Energy which as you readers know has treated me well (LDK stock [...]
[...] is the 2nd momentum trade playing off the Alternative Energy trend. If you didn’t catch the LDK Solar (LDK) 14% run in three days, read up on it [...]