ETF in Focus: GREK
Open Question
I sold my UNG holdings because of Cramer being bearish on it and saying it could
have another leg down.
I stay away from stocks that get negative notes. Like FSLR getting a downgrade
and price target to 120. I sold out of it.
SII getting a price target cut to 24$. I sold out of that.
I didnt sell for a loss, but didnt sell for gains. After last years sell off, I
dont have any tolerance for stocks that get downgraded or have people like
cramer that say it has another leg down.
Thoughts?
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chi straightener
ghd outlet
ugg boots
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Agree with you on FSLR for a couple reasons. Fundamentally things are not going
their way: price / productivity issues against the Poly Silicon competition -
especially China (Yingli, et al.) - This was basically the reason they were
downgraded. Also the technicals look poor for FSLR. After their end of April gap
up into the clouds on earnings and future revenue promise, they fell back a bit
then got to that mid-May double top. This has given way to falling prices and
fading volume (lower than avg. vol even on the only 2 up days in the last 10, so
we can't even hold on to the hope that we are seeing only light volume
pullbacks).
Only a matter of time before we see headlines like : "FSLR - the stock that fell
to earth."
You got out while the getting was good. Or at least not as bad as it would have
been.
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Blurp, unfortunately you are right, many times Cramer does have enough clout to
actually move a stock either way ,up or down, and many times his every word is
carried and analyzed by many people and websites ....
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It's true, natural Gas is in contango that is getting worse every day. The
contango at present could last for four months. This is what demoloshed the uso
in Jan. and Feb. Sell UNG and wait for contango to narrow. The price of Natural
Gas could rise without UNG if it is in a contango.
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give them your money then. and under this assumption you must want to buy when
analysts or Cramer 'upgrades' them. like i said, give them youre money cuz at
this point theyre trading for you.
fear and passing off work to others is never a sound game plan (unless the plan
is to NOT win)
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After last years crash I dont know. Cramer needs to be more careful with the
words he uses.
He repeated it like 3 times. On his show, and some shows on RealMoney.
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How far a leg down to you expect out of it?
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There's tons of articles on seekingalpha for the last 3 months saying how this
rally is temporary and yet it keeps going up. The bears know all the facts and
figures but it hasn't made them one penny. If you want to stay away from
anything with negative notes, you might as well give up stocks all together.
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Cramer is a contrarian signal - I wouldn't be selling UNG here. I also wouldn't
be betting against solars either. Trade what you see not what people say.
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Blurp, you ought to spend the dime and get Dan's SMM as he is awesome. He
discussed the stratgey with UNG last night.
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