6 Warning: you soon may be summoned to the city square.
I know that it has been ‘en vogue’ to bash the living shit out of solar power companies these past 2 years (and, rightfully so, mind you), but money always flows toward momentum. Earlier RC noted that the Solar ETF TAN continues to populate the upper reaches of ETF performance…showing either a continued short squeeze or what could be actual, legitimate buying.
In closing, if you are short FSLR I post this chart as caution, as your penis may soon be removed from your person:
-EM
6 Responses to “Attn: Short Sellers of First Solar”
Raul3
It registered a hon3y hole setup last week too. Bullish.
elizamae
sw33t…figuratively and somewhat literally, I suppose.
Grey Poopon
Hi Eliza, how do you view the PBV as you have set up in this graph on FreeStockCharts.com?
elizamae
It’s actually called “volume by price” there. Once there I adjust the color to be the same (I don’t really care about buying/selling volume, just total) and opacity.
Also I use the arithmetic instead of log scale…I’m interested in price levels, not comparing the size of moves. Arithmetic scale gives a much clearer picture of that in stocks like FSLR that have seen a significant decline in price.
Grey Poopon
Thanks Eliza, and nice call so far on this honey hole in FSLR
elizamae
No problem.
Looking at that chart, this has the potential to be the start of something quite ridiculous.