The stock of Yingli Green Energy (YGE)is all over the place, opening up in the $27s, thenfalling to the $25s and now in the $26s. This is what happens whenhordes of speculators jump into a stock only for an earnings trade. Iam looking over the earnings released yesterday morningand it looks quite solid to me on first glance, with the all importantgross margins coming in at the 24% range. Sequential revenue growth wasonly 9%, but that is more of a capacity constraint issuerather thananything to do with demand.Either way, they crushed the analystsexpectations for earnings (part of it was currency exchange of course),but since they only guided "in line" for the future in terms of revenue,perhaps that is leading to the seesaw action yesterday. Who ever reallyknows; it makes little sense to me. The key (to me) is maintaininggross margins and profitability - on both those counts Yingli scoredvery well. Also nice to see some new markets open up, France and SouthKo...

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