in all my years of Investing, THIS TODAY was the most psychotic investing day of my life……..67% GAINS in one day!

A-Power appears to be the best candidate for a tremendous rebound in this group. The stock’s decline borders on insane. The likely cause of the drop is found in the ownership filings: JLF Asset Management has a 10% position. Purely based on speculation, it seems quite possible they have been selling as this is a huge position for them and must be weighing on performance. Judging from the stock, it is certain that someone has been selling, and hard.

And that selling has created quite an opportunity. While APWR has trended down, business has remained strong. Last week the company announced a major contract and on October 10, management reiterated guidance. Guidance is for earnings of over $2 per share in 2009, making the forward P/E a meager 2.2x. I’m betting this stock hits $20 again sometime in 2009. Ten times earnings for a clean energy company focused on smog filled yet power hungry China seems very reasonable.

APWR is NOT for the faint of heart!