Stock Trade Team

Futures lower this morning on more fear and bad numbers, both here in the US and also in the global markets. Scary things all over the news with the auto industry and also the world economy in general. Something else that I’ve been seeing alot of is questioning the solar sector. The more I read about solar companies the more I’m wondering how many of these companies are legit and if most of them are just Enron-type companies. By that I mean do these companies really do anything or are they just building false promises and with fancy buildings and empty rooms. It also reminds me of the movie Boiler Room, where they get investors to bring in the money and the only ones making money are the people selling. We’ll see how it pans out probably over the next several months.

What we’re watching:

FSLR - for some reason something seems fishy about this company. If it does see more downside action we could be testing that 95 area again pretty soon and a break of that we could really be seeing this one, dare I say close to being cut in half! Around the 123’s we like it short. Keep the stops fairly tight though!

Trade smart!