JA Solar Holdings (JASO)

Company

"JA Solar Holdings Co., Ltd. is engaged in design, development, production and sales of high-performance solar energy products. Established on May 18, 2005, JA Solar was listed on NASDAQ in the United States on February 7, 2007. We base on the development path of specialization, commercial production and internationalization. Not only advanced solar cell manufacturing equipments are introduced, but also senior scientists and engineers around the world are recruited to achieve our strategic goals. The management team of JA Solar, formed by a group of experienced international professionals, is actively promoting the company into global platform to focus on the long-term international solar energy industry development, and make sure the extensive utilization of our products all around the world." (company website)

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JASO 4-month chart
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JASO 1-year chart

Buy

Bought 500 JASO at $6.74.

The Chinese are in the forefront of solar development, and JASO has pushed above the latest peak, probably in anticipation of another earnings surprise later this month.

  • Percentage price oscillator (PPO) — just crossed above signal line after recent mild pullback
  • Volume — jumps after the latest low have been with much heavier volume

Based on technical analysis, MarketEdge calls JASO a "buy" in a "strong upward trend."

After I made my buy the floor fell out from under JASO. According to the Dow Jones newswire today's sell-off is due to concern over doubt about the European response to the Greek financial crisis. JASO was specifically called out as an example of an international stock particularly volatile in response to world economies.

Bought a second lot, thinking the bloodletting was over.

Sell

gain Bottom line
-20%

Sold 1000 JASO at $5.08.

How's that Trader Paul thingy workin' out for me? It ain't a workin' — end of story. The turmoil in the markets resulting from the continuing financial and economic crisis is just too much to bear. I'm out of the market.