PBW news

Hey everyone

Here is the updated top ten list with news:

Fund Holdings subject to change Cree Inc. 5.26% Applied Materials Inc. 4.99% Itron Inc. 4.38% MEMC Electronic Materials Inc. 4.23% First Solar Inc. 3.79%

Ormat Technologies Inc. 3.52% IDACORP Inc. 3.47% JA Solar Holdings Co. Ltd. (ADS) 3.42% OM Group Inc. 3.38% American Superconductor Corp. 3.34%

News

AMAT - Clean Energy hold potential
Closed Mixed on Wed.

Ormat - drop in net for quarter

AMSC - CEO sells shares

3/17-19 PBW news

Hey everyone

Belated Happy St. Patty's day!

Below is news, and any upgrades/downgrades of the top ten holdings of the ETF. I am still bullish on the ETF and still own the 22, 24 June credit spread. I would like to thank Yahoo! Finance, Marketwatch, and Powershares for the information.

Top Ten Fund Holdings subject to change

Applied Materials Inc. 5.47%, Cree Inc. 4.95%, MEMC Electronic Materials Inc. 4.64%,
Itron Inc. 4.39%, Ormat Technologies Inc. 3.75%, First Solar Inc. 3.65%, IDACORP Inc. 3.57%
American Superconductor Corp. 3.56%, OM Group Inc. 3.52%, Cosan Ltd. (Cl A) 3.44%

Upgrades/Downgrades

AMAT - In a story reported by Marketwatch, Applied Materials was upgraded by Caris and Company with a price target of 27 from 21. The full story is also in news.


News Stories

AMAT - Upgraded by Caris

MEMC - CEO made 1.8 million dollars last year

ITRI - NY Investor Day

FSLR - Cramer thinks this day is different

AMSC - New Orders from overseas

PBW 3/12

Hey

PBW has hit another bottom and has moved up over a dollar from that low. I am thinking there might (and I stress might) be a W forming here. The 50 day has crossed over the 200 day average and is located just at the middle of the prospective W (at about 23). I believe there is a short term bullish call up to 22.50. There will be some resistance at that point so watch out for that. If it breaks through this point, we will have a W. If not, I would wait and figure out if there is a range to be traded. Another note is that the bands have opened up and this stock has a history of riding the edges both negative and positive. Keep that in mind. Here is a graph as of 10:45 CST today. Stories of the day are below the graph.

Thanks to Yahoo Finance, Optionsxpress, and Powershares.


Seeking Alpha article on PBW

Seeking Alpha article on Suntech

TSC article on CREE

WSJ article on ITRI

Yahoo! article on Solar

PBW news 2/25

Not much movement or news today. There was a story about First Solar in the WSJ's Investing section but it was fluff being the hot stock in 2007. But press is press.

The bands are within 2 points of eachother which is the closest they have been in 3-6 months. Expect some movement this week as the fed chairman speaks to congress and a couple of the companies are releasing earnings.

Later

PBW's situation

Hey

PBW is continuing its way up. The 22-24 call spread moving forward. A recent article in Seeking Alpha mentions PBW.

Look to start buying the banks. The rebates are headed their way. The Fed chief just mentioned possible rate cuts again.

purchased call spread for PBW

Hey

With the manic activity in the stock market, the price of a solar ETF (PBW) came down to a point where I could purchase a call spread.

So I went ahead and purchased the June 22 calls, and sold the June 24 calls (that is the spread). My thought is that with the continued spending on solar will continue in earnest by both private (corporations) and public institutions (government), the ETF will do well in the next few months. The max profit on the trade is around 115%. I do have a stop loss on the trade but will not show it. When the spread was purchased, the PE of the ETF was as low as 20!

I was able to handle this trade with the great assistance of Optionsxpress. Thanks to them!

There is a stock and options site that I find very good information. The site is called Phil's Stock World. It has very good analysis on the world markets.

Good luck to all traders. May you see value in your purchases and profits from your sales!