The market continued its rally today as did TSL but it exceeded my expectations! Good economic news such as good 1Q profits and no suggestion of a possible recession sent the market soaring. Solar stocks are scorching hot right now, don't miss out. I thought TSL would top at $60, but it approached $69 today. Wow, did I underestimate its potential or what? I think TSL will gain another 10% this week with short covering and sheer popularity. I have always favored SOLF as you can see in my previous posts and I knew it held much more value than $13 per share. It rocketed 35% today to a new all time high of $17.69 and it is trading over $18 after hours. I'm looking for this to touch $20 per share tomorrow and who knows from there, it's tough to predict a top when people get crazy eyes and buy at higher and higher prices. One thing is for sure, based on earnings and P/E ratios of its peers, SOLF should be shooting for $25 soon.
Monday, April 16, 2007
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