For some reason i’ve had a mental block on buying any solar stocks when they had been posting huge gains. Well lets just say i’m stupid, but mental block sounds a little better for my own self-esteem though haha

SOLF definitely looks the best to me for having more room to run compared to some of the other big solar names out there on a valuation and forward growth basis. Lets take a look at some of the other forward P/E’s.

FSLR - 134x
STP - 41x
JASO - 36x
TSL - 19.44x
** SOLF - 5x **

So as you can see SOLF on a forward earnings basis is by far the most attractive of any of these solar stocks that have been hot on the prowl lately. Other active solar stocks such as ASTI, CSUN, and AKNS are all projected to be unprofitable in the upcoming year though are moving towards profitability so all are probable to move north along with the industry in general that is growing 30-40% annually.

Here are the analyst estimates from yahoo finance for price targets:

PRICE TARGET SUMMARY

The Average estimate for the upcoming 2008 projects SOLF to report a staggering 6.88 eps on revenues of $4.33 billion. The industry average for the semiconductors P/E ratio is currently trading at 26x earnings. For SOLF to be fairly valued among its peers we could theoretically say SOLF should be trading around $178.88/share found by multiplying the industries PE by the 6.88 forward earnings estimates. Who knows, given some time we might see it trade that high. But as a short term trader this upward valuation appears to gives us a prime opportunity to capitalize on short term momentous gains.

Technically i was hoping to have a chance to buy some shares on more of a pullback to the 13ema but the momentum in solar and the under valuation of SOLF robbed me of that opportunity as of yet. Today SOLF broke out of its short term pennant continuation pattern suggesting a further move to the upside and continuation of this bullish trend.

When comparing SOLF to its peers it looks like its the cheapest and smartest route to take if your gonna diversify your portfolio within the solar stock industry. I took today opportunity on the technical breakout to purchase some shares at 34.25.

HAUP made an impressive move from a technical standpoint today up over 17% on heavily increased volume to breakout from a double bottom pattern in the face of the bear making it appear that this stock is back in favor of the bulls. HAUP reported an increase of 58% in net income over fy 06 with .39 eps excluding tax deference and fully diluted compared to .24eps in 06′. HAUP has been growing at a substantial rate as the previous year of 05′ they reported just .14eps fully diluted. HAUP also stated that they have purchased 142k shares on the open market in the third and fourth quarter as part of a stock repurchase plan.

At the current price of 4.96 HAUP is undervalued as its trading below the Computer Peripherals industry average P/E of 21x earnings while HAUP is at a low 13.4x earnings giving them a current fair value around $8/share. As HAUPS earnings grew 71% in 06′ and 58% in 07′, I think we could conservatively say that HAUP will be able to grow at least 40% into 2008 which would give them an estimated .51 eps for 2008 or a very attractive forward P/E ratio of 9.72x compared to the 21.7x average multiple. Given this information we could give HAUP a future fair value within its industry around $11.06/share which entail upside potential of 123% given todays closing price.

Overall HAUP looks like its in a position to make a continuation on the long side with multiple aspects for speculation including a bullish breakout, positive growing fundamentals, low valuation, and a stock repurchase program. I want to be long HAUP

More Discussion at the HAUP message board at TheTechnicalTrader.net

PBR has been on fire lately. I was a buyer on Friday and and will buy some more once the trendline gets hit. I like this stock and so do alot of other people.

UPDATE : SIGM……Closed above $50. I am still in this stock holding a loss but will double down at this level on Monday if opportunity presents itself.

Tax season is here, and could not be worse. I have traded over 1000 times this year and was told that I have to hand write each trade on the schedule D. Then someone told me about Tradelog. I use scottrade and Interactive brokers. If anyone out there has ever used tradelog for these brokers please leave a comment. Will it do everything I need with a few clicks here and there? If anyone has any other suggestions please leave them. Im sure other people will be interested as well.