Nov. 19, 2009 (Chinavestor) None of my articles generated such a high number of low ratings and negative commentary then the "Subscriber Alert; Take Profits" yesterday. The essence of that article was that time has come to take LDK Solar (NYSE:LDK) profits off the table. One of the readers left a comment saying "the trend is your friend. When the trend turns I'll take profits, not before".
Considering that LDK Solar (NYSE:LDK) is trading sharply -4.7% lower right now, the advice given was right. Readers have to remember that the "Weekly Stock Buy List" goes out to Advanced member subscribers every Friday at 3:30, and this is where LDK Solr (NYSE:LDK) was a new addition last Friday. This is that quick 30% I was referring to in the article.
I remain optimistic about the outlook for the Chinese solar industry, LDK Solar (NYSE:LDK) included. We just got another better-then-expected report from Trina Solar (NYSE:TSL) this morning on top of Solarfun Power Holding's (NASDAQ:SOLF) report a day before. But how can you turn down a 30% profit in a short three days time?
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