Patience is finally paying off

After months of painfully holding onto my stocks, I am starting to feel good about my portfolio again.

I made a good call on DKS sporting goods, but I didn't make any money off of it because I only own 10 shares. I wish the stock would stay down so that I can have an opportunity to buy a significant amount in the future. I still think it is a good value, and should be trading at least in the 30s when you factor in the growth opportunities for the future.

It really doesn't matter though because because I made more with my money in LDK. It looks like solar is getting hot, and LDK is becoming one of the leaders in the sector. I still think LDK is significantly undervalued and am not planning on selling until 2009 when it starts producing its polysilicon. This stock should be trading at least in the 100s. At its current pace of growth, it is should earn $5-10 a share in 2009.

I just think that Wall Street is very risk adverse right now, and won't touch anything doing with China. The American solar companies are trading with PE multiples of 100 while their Chinese bretheren are around 20. It just doesnt' quite add up, but I am taking advantage of this discrepency.

Oh, and NVDA is still significantly lower when I bought it, but it is starting to gain momentum. I think it has found a bottom.