Tuesday, August 11, 2015

I think YingLi solar is worth a gamble here. [YGE]

This is my first post on YingLi.  I like the wave count, especially that since May of this year.  We got the hard spike down that has 3rd wave written all over it, then an a-b-c to the 1.45 level and now 5 waves down that I do not think will put in a lower low.  




YGE and the other Chinese solars were really whacked by tarifs put in place by the world's corrupt bully, Uncle Sam.  It just killed their businesses and China did not do much to prop them up.  So FSLR and SPWR benefited and everyone else lost, including the American consumer who eventually must pay the tarifs.

I wonder how much it cost the US solar industry to buy the politicians into doing this despite having negative impact on solar adoption in the US.

In any case, at today's price of 85 cents it's like a nonexpiring call on Chinese solar.  Set initial stops at 81 cents.

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