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S&P 500: 1,340.35 Change: -0.84%
morganuci
P&P Score: 99.29 | Points: 138.51 | Accuracy: 46.99 | Average Pick Score: 1.18   Annual Return: N/A  
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BUY: CANADIAN SOLAR INC. - COMMON SHARES (CSIQ) Rating: 3
Start Price: $32.68
Points: -32.99
Created: 01/08/2010
Passes my short term trading screen.

2 Comment(s):

Author morganuci     Date 2010-01-16 14:28:44
Solar stocks, particularly Chinese ones like CSIQ (despite its name :-), dropped heavily this week because of news about Germany's potential tariff cuts. If I were holding this stock in real life, I would have already been stopped out, but since I'm following a mechanical stock-picking model, I'll let it ride---it's still a Zacks Rank #1 stock as of today.
Author morganuci     Date 2010-02-19 14:42:45
I held this stock long past when I would personally have stopped out of it, because my mechanical strategy is to hold a stock once picked as long as it's a Zacks Rank #1 stock. But with today's lowered forecast, I'm sure that CSiQ's Rank score will drop, so I'm going ahead and cutting it.
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