articles

LDK Solar's Price Spike Offers Chance To Add To Short Position

Tom Winnifrith Saturday 27 October 2012

 

Share this

Shares in LDK Solar (LDK) have spiked up to $0.86 in recent days on news that it has raised $23 million at $0.86 a share by issuing new shares to a Chinese investor. The deal looks an odd one and the math for LDK still look very poor indeed. I first advised shorting this stock at $1.38 on August 30th and reiterated that advice on September 19th at $1.25 warning then that shareholders equity will disappear by Christmas. It still will and the spike is another opportunity to go short.

Read the full article on Seeking Alpha | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Read next

Photo Article from the Welsh Hovel – Dan reveals ancient wall in the hidden room

The first photo below is the wall that meets you when you enter the Welsh Hovel. When it was originally built this was an external wall. It needs a bit of work replacing some concrete infilling between the bricks with lime plaster but it looks fairly splendid

Monday 24 June 2019
TomWinnifrith.com Copyright © . All rights reserved.
Created by Everywhen