I started buying $FSLR under $40 in 2013, back around the time I started blogging here. Each time it gets to these prices (low $70’s) it’s retreated pretty quickly on back down to the $40’s.
Their earnings last night were good, and everyone knew they were going to lower guidance. I think the market was pleased that it wasn’t lowered as much as many originally thought.
Here’s the chart I’ve been chomping on for the better part of 2 years…
Should $FSLR make an attempt through $74-$75, it has a relatively clear path over head to work towards $100. We just saw the first print above $70 a few minutes ago. Let’s see how it acts up here.
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I’m playing SCTY
Fuck yeah! Had to say it.
Went from -1.07% to currently. 35%
Also own FSLR.
but don’t you probably also own an offsetting position in FSLR
I do not. FSLR a 1/4 position. I usually do not hedge those
I command FLSR to go lower
looks kinda short squeezy imo. Think we’ll need the whole mkt to rally 4 FSLR to go higher…. Cant see it gap filling to pre-oil-crash & QE3 levels by itself
QE3 levels? 20’s?
yeah my B. When QE3 tapering was announced Sep2013 when it was in the 40s. my view is that it should be @ or below 40.
Not sure why it was ever so lofty in price & projections. After they proved 2 be unable to scale their business across the country & lost the backing of the US govt. it became just another zombie growth company.
Nothing’s changed except the short interest that worked it way into the squeeze today.
Oh, taper. I thought you said at QE3.
This was the one stock I didn’t get an add on. So I own a 1/3 position from $42. Debating to add with the profile looming above. I suppose if I add 1/3, there’d be room for one more add if it back fills and I’d still end up at a pretty good basis.
my cost basis for FSLR is 37.52065. Don’t intend to touch it until $100. and even then, may be a longer term hold as is there’s any greater movement in the solar industry, these guys are the leaders.
gains here offset a bit with SUNE tho. son of a….
Sold the rest of my SCO at 176.25. 1% long oil. Full position. Short leash.
kidstockibc gets his props, he was right, as of right now, about us rallying off the lows of the day.
Sold all TLT except 130 – 135 call spread for Mar. Other than that, unhedged TBT 3% position.
Trying to get out of remaining hedges on WYNN & ALK with dignity. Up .75% from down 1.07.
If this is a trap, it’s a good one and I believe I will act swiftly to correct.
How many swing traders got stopped out today before the reversal? But another perfect day trade opportunity. Hard to keep any position for more than a day or so. If we can bang thru 1946 with volume then longer term holds make sense.
None of my stops hit, grabbed only 33 points on the ES short. Left 20 on the table.
Fslr and SEDG my favorite in the solar world.
You must have generous stops.. SPY broke support and 20 day at one point. Many stocks did the same. I picked up AMZN at 537 for a day trade. Don’t mind locking in profits in this crazy market. That said, just noticed a 108,000 share buy at the bell.
I wouldn’t know, haven’t used moving averages in a long long time.
I’m still in it 😀
That made my day. Happy to hear.