Solar Eclispe

May 29th Update No Transactions

Well Solar got whacked today by Merrill Lynch which lowered its rating on ESLR and SPWR from "neutral" to "sell," due to oversupply concerns linked to possible subsidy cuts in Germany, the U.S., and Spain. In particular, the firm is concerned by the rising number of German politicians advocating a bigger cut to solar subsidies there because of escalating costs. So today was not what was expected as usually happens in the Market when one piece of news can change everything.

Having to be at work for the first part of the day makes trading extremely difficult. The ability to react and get out quickly while watching the minute to minute ticker is just not possible and I will now have to avg. down and work my way out if that becomes necessary. Just part of the game when you don't use Stop Loss orders.

The bright spot was again that little engine that could (Literally) when Capstone Turbine tried to take out 4 again, but fell back to lose .52% at 3.80. It shouldn't be long before we push threw so I'm still holding here as any news at all is all it needs.


Jet blue held it's own after dipping under $4 only to recover and head back up to close up just a skosh at $4.15.
As you can see the volume was up and so we should get our little bounce here, grab a few percent then get out. Maybe tomorrow.

The Stock that I have been keeping my eye on is EEE which refuses to slow down an breath so I can get in. I certainly don't want to chase it but it has some momo here. Take a look.

Well tomorrow should be a better day with JBLU and we'll see what EEE decides to do. Till then, buy low, sell high!