IPO's and New Issues

SOL @ $12.69 (Renesola) is a Chinese manufacturer of solar wafers for the production of solar cells and modules. Revenues have increased 334%, 182%, 159% and 198% during the last four quarters. Earnings are expected to grow 46% this year and another 67% in 2009 to $1.75 a share. They came public in January at $13 and appear close to completing their first base. With solar stocks heating up again, we will establish a position here and set our stop loss at $11.

Options

CCJ IE @ $12.70 (Cameco September $25 Calls) are currently in the money by $11.76, with CCJ closing at $36.76 on Friday and charging less than a $1 in time value. There has been huge call buying in the April and May $40 an d$45 Calls and with consolidation running rampant in this sector, we felt we'd add these option s to our portfolio. We've been fans of Cameco's stock since last year and like the risk to reward ratio with these options. We will add to position on pull back in Cameco to $33 and close position on move below $31. A move to $50 in CCJ will net us better than a 100% return.

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