Posted by: fortunefaded January 22, 2010
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Emini,
I agree that 108 will be a great bounce opportunity for the SPY but I don't think we will hit 120 anytime soon. But right now is one of the sweetest opportunities to buy long stocks.
Mark my words folks. Best stock for at LEAST 20% gain in a month will be FSLR. I've been looking at this for some time and this is the juiciest trade in a long long time. I will explain why. Below is the Daily chart for FSLR. Look at support between 100-105. FSLR hasn't been this cheap since the March lows and at that time everyone was screaming 'meltdown.' I am thinking in a few weeks it will cross get to 140.
Here's the Weekly:
Happy trading,
FF
I agree that 108 will be a great bounce opportunity for the SPY but I don't think we will hit 120 anytime soon. But right now is one of the sweetest opportunities to buy long stocks.
Mark my words folks. Best stock for at LEAST 20% gain in a month will be FSLR. I've been looking at this for some time and this is the juiciest trade in a long long time. I will explain why. Below is the Daily chart for FSLR. Look at support between 100-105. FSLR hasn't been this cheap since the March lows and at that time everyone was screaming 'meltdown.' I am thinking in a few weeks it will cross get to 140.
Here's the Weekly:
Happy trading,
FF