Wednesday, August 20, 2008

The Wicked Garden of Profits! ~ Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP)



SunTech (STP) reports a PLUSH quarter ... up 12.5%!!! 

China's Suntech Power Holdings Co Ltd reported a higher-than-expected 58 percent rise in quarterly earnings and lifted its 2008 revenue target on strong demand for solar energy.

"We have far more demand in the pipeline than we intend to supply," Chief Executive Zhengrong Shi said on a conference call with analysts.

Suntech raised its 2008 revenue outlook to a range of $2.05 billion to $2.15 billion. 

"We're already doing better than our guidance for the initial contracts that have been signed," Chief Strategy Officer Steven Chan said in an interview.

STP closed at a 2 month high!!! 

The DIPfolio Highlights:  

NamePriceChange

FMCN29.80+1.25 (4.38%)

AGU84.71+3.17 (3.89%)

RIO26.90+1.49 (5.86%)
HK32.01+2.49 (8.43%)

STP41.75+4.62 (12.44%)

13 comments:

BUY ON THE DIP said...

HK insider buying...and its not Floyd.

8/14/08 Raynolds Robert Gre...
Director Purchase 2,800 28.97 – 29.04
8/13/08 Fuller Thomas R
Director Purchase 5,000 29.00 – 29.00
Viggiano Christophe..
Director Purchase 495 27.88 – 27.88
8/12/08 Elkouri David S
General Purchase 5,500 26.75 – 27.16
Irish James L III
Director Purchase 13,000 26.74 – 27.01

Jpatel6 said...

how about ENER! this is going to the moon!

BUY ON THE DIP said...

ENER is money.

your mom said...

you still suck. Dipshits!

Jim Collins said...

Ragin Cajun likes ENER also he said "to 100" on OA today

jd said...

Call me crazy but I just bought in the money calls on SKF.

jd said...

I wish I could do calls on DGP

jd said...

I'm loaded up but I got no shorts open for tonight/tomorrow. Anyone have any suggestions?

jd said...

Going to short GPS is price gets high enough today. Footlocker FL if I can find their data on how many stores they have globally. The biggest burn is in the USA. If they have a lot of global stores I will not short it.

tradertom said...

Short GS and MER... & of course SKF is a must!!!

What do y'all think about going long on CSUN??? China... Solar!!! sound familiar?!?!!?

Hopefully it works out.

sara said...

botd. you should at a chat so we can talk chat live

jd said...

GPS revenues are shrinking, their profit is up though, I dumped it after hours for small loss rather than chance what the market will do tomorrow. If its a down day, GPS could still drop but i figure just dump it off and short something else. :-)

Mattyrye said...

be careul with your SKF, becoming an overcrowded trade on the street....JJG, UNG..Commodities are back..and of course the HAWK flies.