Sold SOLF Taking The Lump Bought Another POS

Home / Defense Stocks / Sold SOLF Taking The Lump Bought Another POS
August 27, 2008

I sold SOLF. I can’t wait around anymore. Took a 9% loss overnight. That bites, but its time to move on. Its definitely a value stock, and one if I wasn’t so “want gains now” minded I would hold on, but then I wouldn’t have any capability to buy crap that is actually moving. As I look at the 5 min chart on SOLF its finally starting to attack its 34 ema. A break and retest of that MA will be the first sign if its moving higher today and maybe it will close the gap and screw me over. It wouldn’t surprise me.

I re-bought FRPT. You might remember this was a similar thing I did with CPSL before it popped. I bought it, then sold it, then re-bought CPSL because the chart solidified its test and was ready to move higher. I think FRPT is now in that same position CPSL was in. A successful test of the 21 dema and moving higher to test recent highs.

RUT and NDX doing well today. RUT 3% right now, NDX 2%. Nice.




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  • http://www.shinesolar.net solar panels

    Don't stick to the SOLF.I suppose you made right decision.

  • http://www.shinesolar.net solar panels

    Don't stick to the SOLF.I suppose you made right decision.