Any good solar stocks in which I should be investing? Why are they good?
Question:
Answer:
ASYS
They make equipment to make solar cells whose supply is tight due to the growing demand from solar companies.
I don't know of any specifically, however, check a site called Mergernt Online, and run a search. That would be a very wise industry to invest in right now!
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Yes there are several good stocks in the Solar industry. Most of them are red hot. It's also one of the worst places for a "newbe" to be investing in.
Look at Coal. A few months ago they were also red hot. JRCC (for example), a stock that I purchased in May for $9.50 ran up to $17.00. I got out at $15.00. It's now $10.84.
Unless you've got real trading experience, people tend to get destroyed in the "hot play of the month" or the hot "TIP".
I plan on getting into FSLR when it reaches $118.85. This is $9 ABOVE its current cost. I'm basing my entry point on the technical patterns of the chart. I have a plan for entry. I have a plan for exiting. I have a maximum amount I'm willing to lose before I close out the position. This is a combination of planning and discipline. This is also a very small part of my "Asset Allocation"
Learn as much as you can. Get good at trading larger stocks first. READ AS MUCH AS YOU CAN!
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