Fusion Portfolio Buys Suntech STP
I have just bought Suntech in a personal account and Fusion Portfolio will buy 3000 shares at the same price of $9.96. Earnings are out in two days on Thursday, my preview is here. I had butterflies in my stomach when placing the order and realise that current investor and sentiment will pound STP if they have a substantial miss or negative guidance. This investment has a 1-3year horizon, a short term investment for me.
Opportunity provided by a J.P. Morgan analyst who wrote in a note to clients. “As a result we believe 2008 reflects a peak in solar energy subsidization with risk of cuts going forward.” read more->
I will update the Fusion Portfolio soon. I have to insert the appropriate currency conversions. Time to get the kids ready for the day ahead. Have a great day everyone.









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