Shares of Sun Power Purchased

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SPWR_20051117.jpgAs I mentioned yesterday I had a limit order to purchase SunPower Corporation (SPWR). The stock was scheduled to start the day at $18 and I expected that the stock would be up big in the morning, so I set a limit order at $20. Well when the stock started trading it opened up at over $27. Mid-day the stock seemed to rest around the $25 level and that is when I entered the stock with a 1/3 position in my personal portfolio at a price of $25.70. The stock is not available for purchase at Marketocracy, so it will have to wait to be added to the mutual fund. Sunpower is the solar division of Cypress Semiconductor. Cypress still owns 52% of the new Sunpower stock. They plan to use up to $55 million of the new IPO money to triple their manufacturing capacity and will still have plenty of cash left over to fund R&D and continue operations. I also mentioned yesterday that I was feeling under the weather. I’m on the mend today fueled by Diet Coke and decongestants. DISCLAIMER: I am not a registered investment advisor. The information and trades that I provide here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.

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