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Update

May 22nd, 2008 · No Comments

Our puppies doing well. 

The news out of the solar sector has been excellent, now this morning STP is out beating expectations by 6 cents (35 cent versus 29). Helped by stronger growth and increasing margins. It reconfirmed the outlook for the year. Oil prices help as well, we would say.

It bodes well for Trina Solar (TSL), which still hasn’t announced a date for it’s earnings. But it has, as we predicted previously, broken out of it’s 200 day moving average.

DRYS is consolidating around $100, but we think it’s a good idea to pick up a few more below it, those figures and the expectations for the rest of the year were way too good. We do need a benign market environment for it to really shine though.

Sigma Designs (SIGM) is also slowly moving upwards, we think it has further to run, but we’re waiting for earnings here as well. As a side note, even Goldman Sachs, which is pretty bearish on the company’s prospects (it expects Broadcom to enter the market at the end of this year and take market and put margins under pressure) has a $32 price target.

EFUT is a steady stock, long-term buy and hold, as we argued a number of times before. It will move in growth spurts, probably when you least expect it. Just hold.

Tags: DRYS · EFUT · SIGM · STP · TSL