Metaphysx.com

As I mentioned before, I couldn’t trade anything on Tuesday, except to sell, so I was just an observer. CFC was down slightly. CDS was up slightly, but not enough to trigger my sell. So I held on to both, and was up $78 for the day.

Yesterday, though, the funds were settled, which would allow me to sell any new purchases should they tank right away. I got up early and noticed that the price of oil was up in Asia due to the U.S. crude inventories report due mid-morning. Something I’ve noticed is that solar energy companies tend to spike on news of higher oil prices. So I did some quick research on some stocks I’d been holding in my queue as possible plays someday: CSUN, SOLF and CSIQ. I also considered LDK, but it’s a bit too pricey for me.

So, knowing there would be news to boost any pre-existing turn-around, that’s what I looked for. SOLF would be the play.

But I did a bad thing. I put in a bid slightly lower than the last trade hoping to have it filled on a short pull-back that never came. Rather than accepting that I had missed my entry opportunity at $25.40, I chased the price just to get in, and finally got filled at $26.55. Yikes! Perhaps I should’ve taken a little profit on one of the spikes above $27, but I didn’t. The drop was a late-in-the-day drop likely because others were just taking profits. But the general up-trend should continue today.

CFC was again down slightly, and CDS was nearly unchanged except for a last minute spike up, putting me up about $270 for the day and down about $1190 overall.