Tuesday, June 24, 2008

LDK Bought @ $40.01

Stock Analysis LDK [LDK Solar Co.Ltd: NYSE]
Sector: Diversified Electronics; China Stocks; Energy-Alt Srcs
Fundamentals: LDK's P/E ratio is 72.84% lower than the industry average and P/S ratio is 84.58% lower than the industry average; which indicates that investors are buying LDK's earnings and revenue at a significant discount. LDK's 1 year ROE is 270.35% higher than the industry average.
Technicals: MA(50) moving up and about to cross MA(200). Also current price closing above MA(50) support. Attached image shows them.
Cost basis: Bought at $40.01
Target: $47.31
Stop loss: $34.45 [0.90$ below the recent low of $35.35 on June 12, 2008]
Next Earnings: 06-August-08
Last Analyst Rating: Hold
Other comments: Combination of Alternative Energy due to energy crises and China stocks.