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Putnid made such a good case for Enphase (ENPH) that I bought me some at what turned out to be an excellent price. Every time I'd sell a piece to take a profit (usually from selling calls), it would keep going up.

Now is the first time in a long time that it's dipped somewhat - almost 20% since late August. But the only news I could find was "Crazy Eddie" (or Cosmo Kramer) impostor Jim Cramer advising profit-taking now for "discipline" reasons. In other words, sell it because it's so high, never mind the new IQ8 inverters in the pipeline or the long runway still ahead.

So - is it Cramer, who I think I can safely ignore, or is something else going on?
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I’m wondering too but also aren’t we in between ERs?
Doesn’t all the stuff we own kinda dip until the next great ER?
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Maybe, but Enphase kept climbing until Cramer opened his yap. I could see a modest dip, but this dip was damn big.

Enphase also usually climbs when there's good news like this, but not this time:
https://newsroom.enphase.com/news-releases/news-release-deta...

("Enphase surpasses one million microinverter shipments to Australia and NZ")
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I think it was dropping before it was “Crammered”. More so than usual but both putnid and TJ Roberts were being cautious about a month ago, and I think they were just ahead of the My memory fails me on exact times and numbers but I think it was around 20 a share Where putnid was trimming a little and TJ said that ENPH was behind in delivering IQ8. I am on the smartass phone, but pretty sure I could find his reply if I got on my laptop.

John
============
Just got back to Costa Rica from Brazil
Brought an unwanted gift and hoping the medication kicks in here soon: don’t brush your teeth with Brazilian water. .
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Here is TJ's reply to my asking "where ya been?". My quess is he is installing solar systems. It's that time of year, no?


“TJ Roberts
July 6 at 9:43am I love Enphase; have had no utility bill since 2013; tech is super reliable which was solar's biggest problem with centralized power configs; Enphase is all about decentralized power, simple, safe, longevity; that's there power. Tech is great. However, Flex Mexico is a quarter late. Ensemble is late. 1.0 is not going to have the bells and whistles promised. 2.0 will be the caviar but that is slated for 2020. Could there be a dip? Sure. Right now at 5-6x revenue, it's pricey to buy in. Still, since $10, there is a huge gap to fill there. But, whoever said the stock market is rational? Good luck, man, and thanks for the complement; I have done well with ENPH."
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Good morning-

I thought I'd stop by to share a few thoughts. The past four months have been crazy great for me, courtesy of ENPH. Some may recall that I had posted that my ENPH position size was > 80% prior to last quarter's earnings report. Immediately following that report, ENPH took off like a rocket. It was downright breathtaking. As a consequence, my portfolio return YTD (as of Sept. 1) was 262.74%. Full year performance has been 210.50%. I've been feeling stunned/giddy for months.

The thing about rocket take-offs is that almost always there's a fall back to earth. So it's been with ENPH. I sold a lot of shares during the ascent. As a consequence, my position size fell from +80% to as low as 40%, as I pocketed gains. Note: I did not sour on the company, not at all. I simply considered that the irrational exuberance was going to fade. And it has. As prices fell, I bought back sold shares if I could buy them at a minimum of a 10% discount. My ENPH position has grown back to ~50%. I'm not done yet. My goal is to maintain at least a 60% position size over the balance of the year. I expect I'll be buying back even more shares, given that ENPH has now entered the gap that was establish a short while ago. I happen to be an investor who believes "gaps fill". There's quite a gap on the chart spanning $22 to $28. I believe this gap will fill based on recent price action. That suits me just fine. I still hunger for more shares. I will be buying back enthusiastically.

Should the entire Market crater as a consequence of all the economic headwinds swirling about, then I'll focus on the gap established immediately after the last earnings report. That gap extends from $10 to $13. Should that gap come back into view, I'll scoop up more shares by the truckload. Time will tell.

ENPH has always been a volatile stock over the course of the 5+ years I've owned shares. The volatility doesn't bother me at all. I've been swing-trading ENPH the entire time. I believe the company has a very bright future. It won't grow in a straight line, but it will grow (and grow significantly) for several years to come.

Good luck to all!
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