Kansas City Star
Dell shares slid 6 percent in after-hours trading. As stocks fell, investors flocked to the dollar and Treasuries. The yield on the three-month T-bill, ...
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The market is selling off sharply today, but no one let the solar stocks know, which are rising sharply higher following positive earnings results and forecasts from SunTech (STP) and Trina Solar (TSL). The rise comes despite oil dipping 2.25% below $80 as that trade has unraveled and solar stocks are actually starting to have a fundamental rationale to investing in them, and are closing in on economic viability. Also, the recent news of subsidies in India is still having a positive impact. Shares of Canadian Solar (CSIQ) and SolarFun (SOLF) are seeing increased bullish call activity today, and are breaking out on a technical basis. However, juggernaut First Solar (FSLR) is down on the day, along with LDK Solar (LDK), so it looks like traders are targeting specific companies in the sector, which is also an unraveling, as usually the entire group trades together, but now momentum and value players are putting money to work, as can be seen by the relative strong shar e volume today.
JOE KUNKLE, OptionsHawk.com
Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) has already gone exponential on trading volume. At 11:48 AM EST we have already hit 200% above normal trading with over 4.5 million shares versus an average volume for a full day of 1.4 million shares. To top it off, this marks a 9.6% gain to $7.10 versus a 52-week trading range of $2.27 to $8.95. This is following the Oppenheimer upgrade.
JON C. OGG
Microvision, Inc. (NASDAQ: MVIS) is fighting CMED for the worst performer this morning. This is on a secondary offering. Hares closed at $4.11 and are down over 18% at $3.35 on only about 16,000 shares at 8:51 AM EST. This will be more active as the bell gets closer as there are some 865,000 shares per day and a 52-week range of $0.77 to $5.75.
JON OGG