iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,476 Blog Posts

An Earnings Play as Hot as the Sun

Goldman is out with positive comments regarding the solar sector this morning.

One of my new positions is an old one: SOL. I was buying this stock when you were drunk and stupid, back in the days when the solar sector was belittled–considered to be the laughing stock for all of  mankind. Now all of a sudden, solar is cool and everyone wants in. Well, I have news for you: not everyone deserves to make money in solar stocks. You jackanapes who’ve been mocking the solar space, all the way up, are not permitted to read this blog post, so log off now, else I will cut your heads off.

SOL is scheduled to report “earnings” in a week. The company doesn’t know how to make money, so it’s all about the top line with this one. They’ve exceeded analyst expectations, for the top line, 7 consecutive quarters. Moreover, they’ve offered upside guidance for the last 4.

earnings
guidance

With the sector on fire, following FSLR’s breakout quarter, there is a good chance this sucker will run up into earnings. However, based upon recent history, there is an equally good chance that this stock will work its way higher, following an earnings win and subsequent guide up, as is customary for this company to do so.

My position isn’t large, but big enough to matter. I will not throw too much behind it because earnings plays were designed for the feeble minded gambling class. Nonetheless, barring a sinkhole opening up in the earth and swallowing “The Fly” whole, I will be holding through the big day.

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20 comments

  1. The Fly

    That goddam image on the front page is pissing me off.

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  2. tradercaddy

    Okay, I admit it.
    Didn’t now what a jackanapes was and I thought maybe it was one who hunted jackalope in Wyoming.
    According to the Urban Dictionary (for those who are as stupid as I) a jackanapes is:
    Jackanapes: Definition 1. Noun – Someone unimportant but cheeky in manner.

    Kyle’s a jackanapes; James is always screwing around, he’s such a jackanapes!;
    Li’l jon is such a jackanapes

    .

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  3. flyaway17

    I like the pic. GOGO is just as hot as solar, who is bidding it up to $30 in pre? This is nuts.

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  4. gatorsun

    USD/JPY interesting indeed

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  5. budh

    If I was going to short a group it might be the sunshine boys.

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  6. the_wolf

    off topic master le fly,
    do you see corning’s gorilla glass 3 as a threat to rbcn’s sapphire ?

    http://www.corning.com/news_center/features/gorillaglasssuccess.aspx

    thanx, have a gr8 day sir !

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  7. gatorsun

    nstg HELLO

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  8. ironbird

    Testing testing. Will the troll be able to bullshit like the clam?

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  9. bood

    i find rsol more appetible

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