El Feugo Solar Stocks

May 28th Update Sold for Gain
BPG - $280
Sold for Loss
No sales

So yesterday I spent the day driving around town searching for cables to hook up my new monitors I purchased through EBAY. Then again this afternoon and finally found what I needed to now have a multi monitor display. In a future blog I may go over how to set this up

But today belonged to the Sun and Solar Stocks which again are back in the spot light with AKNS (U.S. solar panel installer) up 18.3%, CSIQ up 5.2%, ESLR up 6.2%, FSLR up 3%, TSL up 5.2%, and YGE up 6%. Fifteen were up, five down. Yesterday I felt this would happen so I took positions in two. CSUN and LDK with an eye on ESLR for an AM buy in. I almost pulled the trigger in AH but instead bought into JBLU which hit an all time low today at 4.08 so with that kind of bottom I bought in at 4.14.

CSUN fell after their earning run up as did LDK so I went with both but AKNS and ESLR are the big movers. Just look at the volume!

CSUN looks like it wants to move back up so I'm going to see if I can't ride this back up to 14.00 as it moved up 2% today and with ESLR looking at possible expansion into Asia, they have my eye and just might get my money tomorrow.



Here are some cool solar facts you might be interested in.

1. It wasn’t until 1839 when French physicist Edmond Becquerel first discovered photovoltaic activity.
2. This discovery was followed by another Frenchman, Auguste Mouchout, in the 1860’s who invented the first motor to be powered by solar energy.
3. In 1883, Charles Fritz turned the sun’s rays into electricity!
4. In 1990, a aircraft powered solely by the sun crossed the United States.
5. It takes only about 8 minutes for solar energy to travel from the sun to the earth.
6. Solar energy is measured in kilowatt-hours. One kilowatt hour (kWh) is the amount of energy needed to burn a 100 watt light bulb for 10 hours.
7. If we covered a small fraction of the Sahara desert with photovoltaic cells, we could generate all the world’s electricity requirements.
8. Enough sunlight falls on the earth every minute to meet the world’s energy demands for an entire year.
9. Two billion people in the world have no access to electricity. For most of them, solar photovoltaics would be their cheapest electricity source, but they cannot afford it.
10. Solar energy will not pollute our air with carbon dioxide and other harmful greenhouse gases and bad emissions which is one of the main causes of global warming.

Oil finally backed of it's highs which sent the oil stocks down with some slight recovery in the late hours. My guess, and it's just that, is this is just a temporary let off and we will still see higher oil and natural gas. Even still I liquidated all BPG to buy into to two beaten down stocks, Jet Blue and Dune Energy. These stock are at rock bottom prices and I just couldn't pass up a bargain. At least that's what I'm betting on. JBLU was down 6.80% with a new 52 week low and was up a few cents AH. I'm looking for a quick uplift here at these bargain basement prices. The stock is falling because they have delayed orders for 21 planes to save money which in my mind is a good thing. Back in January Lufthasnsa bought up 19% of JBLU with $300 million and bought when shares were trading at $7.27 each. They are now JBLU’s single largest shareholder, with Fidelity Magellan holding the second spot with a 15% position. Jet Blue has 1 billion in cash with a book value of $6 a share. There going to be just fine, I'm just looking for a short term take off from here.



Capstone, my favorite little stock was up 7% to 3.83 and up AH. I just love this stock and what's not to like. It's cheap at less then $4.00 a share (Temporarily) and it has state of the art technology in a white hot sector. So I decided awhile back to just keep and accumulate till $10.

Stay tuned for tomorrow and we'll see if Solar can stay hot and if JBLU can lift off the ground.