Sunday, May 17, 2009

YGE - another "Earnings" pre-run play

Chinease Solar Play - YGE - Yingli Green Energy Holding

Earnings are Friday, May 22nd - Before the open
Short Float: 15.38%
(same theme....only looking to catch the pre-run / short covering move before the report)

Idea: (conditional Long)

- ONLY if the stock sells off Monday - ideally pulling back onto the price channell / 200ma/ rsi support.
If that does happen, I would like it long from tue am --- thurs close. (again, sell before earnings, no "gaming!")

Target: 10.49 (double top)
**If it doesn't pull back Monday, I pass**
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