LDK (LDK) Continues Its Negative Slide

LDK Solar is continuing its negative slide and it is now trading at $20.35. LDK Solar has fallen for more than 5 days straight and its shares are closing in on entering and staying in the teen market. I foresee its shares hitting the teens again (it hit $19.82 on Monday), unless some unknown positive catalyst appears. Perhaps, LDK Solar's CEO buys shares, it surprises the market with a new contract or something else that is impossible to envisage now.

LDK's shares hit the low on Monday after more worries about its inventory reporting and news that one of its silicon suppliers is dumping toxic waste in China. [JT]

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