Tuesday, September 30, 2008

Market Crash

There were lots of buying opportunities yesterday. Solar stocks like LDK, FSLR, & SOL got pushed way down even thought the fundamentals are good. By the end of the year I expect to see SOL back to nearly $20 and LDK hit $50 again. According to a post in Digitimes today, spot polysilicon prices are over $400/kg and 6-inch solar wafers are around $12. As LDK progresses towards 16,000 tons per year of polysilicon production their earnings will continue to grow. I see the stock price hitting $100 by late 2009.

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