Wednesday, April 27, 2011
Solar Energy
Apparently the consensus on wall street is that solar energy companies are completely dependent on government subsidies, and so have no future. The Chinese solar companies I own are all down a lot in value, because not only are they solar, but they are Chinese. A lot of Chinese companies bought US shell companies since this was an easier way to get listed on the US market, but that has started to be considered dishonest. Also, quite a few Chinese companies who appeared to have plenty of cash on hand, sold more shares for no good reason except to have cash for paying off their relatives. Thus, most Chinese companies are now thought by cows to be crooked (and actually, they know quite a bit about that)
Wednesday, April 20, 2011
Selling at a Profit
There is nothing quite so nice as selling at a profit!
A couple of days ago I sold some companies I had "gone off" a while back.
5N Plus Inc., is engaged in developing, and producing metals and compounds for electronic applications, including solar modules and medical devices.The Company focuses on specialty metals, such as tellurium, cadmium, germanium, indium, antimony, selenium and its chief customer is First Solar. It had peaked, and then pullled back considerably after announcing good but not earth-shaking earnings .
Mosaid, MSD had also risen 30% in the time I have held it (maybe a year...same as VNP) and although it will probably continue on up, I have lost my enthusiasm for what they do. So I took my profits on both of them. Now if they go on to quadruple, I will gnash my teeth, but at least for today, I am happy that I have culled some of my holdings.
I have not been enthusiastic about the markets lately. I read the news, and I've always prized the investing exercise because I have always thought of it as representing "skin in the game" of " history as she is being made". Lately, there has been so much speculative volatility that it just isn't any fun. But selling some things at a profit reassures me that there may still be some things of interest to me. A lot of things are changing.
A couple of days ago I sold some companies I had "gone off" a while back.
5N Plus Inc., is engaged in developing, and producing metals and compounds for electronic applications, including solar modules and medical devices.The Company focuses on specialty metals, such as tellurium, cadmium, germanium, indium, antimony, selenium and its chief customer is First Solar. It had peaked, and then pullled back considerably after announcing good but not earth-shaking earnings .
Mosaid, MSD had also risen 30% in the time I have held it (maybe a year...same as VNP) and although it will probably continue on up, I have lost my enthusiasm for what they do. So I took my profits on both of them. Now if they go on to quadruple, I will gnash my teeth, but at least for today, I am happy that I have culled some of my holdings.
I have not been enthusiastic about the markets lately. I read the news, and I've always prized the investing exercise because I have always thought of it as representing "skin in the game" of " history as she is being made". Lately, there has been so much speculative volatility that it just isn't any fun. But selling some things at a profit reassures me that there may still be some things of interest to me. A lot of things are changing.
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