Good Tuesday to everyone. Well it isn’t too good of a day. It is a day like today when we really just can ignore our stop losses because there is nothing we could have done and everything is crashing. Today, I am going to give us a nice update on some new positions, and I want to unveil something new called the 16 Days of Oxen, which is a new preview/opportunity with my new website (details below).
Currently, we have positions in FSLR, DBRN, and STP.
First Solar (FSLR) – We are getting killed on this one, and I think it is time to pull the plug. We have just not gotten anything good out of it, and I would rather kill it than try to make it work. I am getting out at 134.35 and taking a nice 4%+ loss with an entry at 140.40.
Dress Barn (DBRN) – We are down 1% with this one, which is really good considering the circumstances. The company has today, tomorrow, and Thursday to make its way back up and become a profitable trade, so I am not too worried. We entered this one at 23.83.
Suntech Power (STP) – This one is also down pretty significantly for us as well. Unlike FSLR, this one has a lot of potential heading into tomorrow. The company is slated to report earnings. What I am going to do is DD here at 8.36, which will average my position down to 8.48. Then, we are going to play this as a basic Overnight Trade. I am pumped for their earnings tomorrow.
16 Days of Oxen – As most of you know, I will be leaving the website at the end of the month. We are launching our new website on December 1 and are very excited. To get ready for the launch and unveil some of the new features. We are allowing a chance for people to sign up early for an account with the new website and receive 16 days of exclusive material that will only be available to new Oxen Group members. Today, for example, people that have signed up will receive an exclusive investing idea that will only be available to them. If you are interested, let me know below or email me at david.ristau@theoxengroup.com.
Good Investing,
David Ristau
