Thursday, October 14, 2010

Solar Stock Slide - Buy on the Rumor and Sell on the News

We've blogged about the "Buy on the Rumor and Sell on thw News" pattern in stock prices before (in fact, I published a paper about it in the Journal of Psychology and Financial Markets).

At the moment we're seeing the peaking and beginning of a slide in Solar Stock prices (examples include ESLR and SOL). The solar ETF is TAN, and it is likely to start sliding right about now. These stock prices rose on speculation of renewed interest in the solar sector due to the Solar Power International conference starting in Los Angeles today and Solar Day on CNBC yesterday.

Happy Investing!

No comments: