iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,514 Blog Posts

Get Ready For a Mind Blow

We get to hear from First Solar after the bell today and the stock is price for uncertainty.  It has been priced for uncertainty since falling off its trend a bit in mid-June.  Since then we’ve seen a long consolidation trade.  I’m betting the earnings announcement breaks us out of this grind, but in which direction?

I would prefer higher, of course, so as to give the entire industry a fresh thrust of inertia.  You won’t find a clearer picture of bracketed price action than the FSLR daily chart:

FSLR

The next move should be a meaningful one.  Full Disclosure: I’m long quite a bit of YGE.

 

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4 comments

  1. Sooz

    very much luck to you, Sir Raul!

    Big Hard Sun..
    love this tune
    http://youtu.be/T_K__3OKkFg

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  2. TM

    I’m waiting AH holding tight FSLR. Good luck for all share holders. I’m scared…

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    • Raul3

      Not looking so good initially, they missed on EPS, 0.39 actual vs. 0.56 etimate, GE receives 1.75M common shares as part of partnership.

      I would imagine having GE as a shareholder means it now ‘can’t lose’

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      • TM

        Thanks Raul. Yes, I was reading their report. I will check their CC. Ouch : (

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