If you followed the movement of chinese solar stocks on monday (10/30) you would have found that they had roared upwards, spurred by the rise in oil prices. CSUN outpaced all of them, with an enormous 26% gain. It also happens that a month ago there was a similar boom in china's solar stocks, with CSUN plowing 40%. This time it came after a significant downtrend that brought the price down from $14.58 to under $8.57. CSUN's newfound volume surge starting in late september is its strength. Bullish momentum will continue, reaffirming itself by breaking above monday's close. The heavily supported but agonizing rise earlier this month will become a much easier treading ground. While some might be scared of this proposition, I believe the reward far outweighs the risk. Whenever china or solar energy seem hot csun always seems 2 or 3 times bigger.
$10.54 (10/31/07)
