ReneSola IBD #5

If you were paying attention a few months ago I mentioned this stock SOL
at its IPO. Unfortunately I dropped the bubble on tracking it as I was
preparing to buy Visa and like most people spending my time researching
its potential.

So SOL is now up almost 400% in a few short months. How far can it go,
another First Solar (FSLR)? I am not sure but I am starting to spend
more time researching it. Currently it is in very good favor as it is
IBD's #5 pick in the IBD top 100. It recently secured a five year
contract for polysilicon which is required to make solar wafers. This
has always been a sticking point in the "raw materials" required for
solar stocks. Their earnings were amazing and I did try to put a limit
in for 23.30 but my block never got touched and it has been driving
higher since. I am looking at this from a LONG perspective and will
keep watching to see what the next buy point might be.

2 Tickers w/ Potential

Scotts Miracle Gro (SMG) CEO own over 30% and will retire in the next 3-years.  Will try to maximize shareholder value.   Moving into new product lines as well. Estimated 50-80% growth over the next 2-3 years…

 

POOL  Corp, currently well values with projected 09 earnings and pays 2.4% dividend.

 

Research, research research.

Rackspace Files for IPO

I remember when Rackspace moved into its new facility on the northwest side of town.  Huge warehouse, cheap rent.  This is another one of those companies “I grew up with” like VMWare.  I will be watching this one, as usual, rather closely.

 

About Rackspace:

 

Rackspace Hosting delivers a diverse suite of enterprise-class hosted IT services to businesses of all sizes. Customers choose Rackspace for its hosting specialization and expertise, backed by the company’s award-winning Fanatical Support®. By integrating the industry’s best technologies and delivering them as services, Rackspace Hosting serves as an extension of its customers’ IT departments. Because Rackspace Hosting removes the burden of infrastructure maintenance and management, customers can focus on their core business.

 

Get Your Prospectus:

 

Copies of the preliminary prospectus for the offering, when available, may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, New York 10004, by facsimile at 212-902-9316 or by e-mail at prospectus-ny@ny.email.gs.com; from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 800-221-1037; and from Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, telephone 866-500-5408.

 

 

Awesome Technical Analysis

Found this site from looking at Google financial discussions this
morning, while researching V.

http://www.stockta.com/

It does show V on a great Bullish trend with resistance in the low 80s.

Very useful tool for those of us that don't have time to crunch all the
numbers all the time!

Intrepid Up on POT earnings

POT is up over 6 this morning was at 216 after yesterday's earnings beat
expectations by 50%. IPI is following suit and it up almost 2$ in the
AM. Waiting for IPI to rise on strong volume, although news this
morning indicates IPI underwriters to buy shares and they are exercising
their right to buy 4.5M more.