Daqo: Continues To Deliver On Its Promises

DQ reported great 3Q19 results despite low polysilicon prices.
Chinese demand for modules should pick up in 2H19 as there is more clarity regarding the subsidies.
At the current polysilicon prices, the shares are fairly priced but if polysilicon prices increase to $9.8/kg, the shares are worth $80.
At current stock prices, the stock does not offer the right risk-reward profile that I demand from a commodity-driven company. I will re-evaluate if the shares dip below $30.

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