According to you fslr was technically correcting... what else do you think is technically correcting???
Oh no it was technically correcting...until today. They just announced 5 new deals which will bring over 1 billion dollars in revenue over the next 5 years. Last year's revenue was only 180 million. Do the math... I think the shares are fairly cheap at this price level, even after the spike...
I think there was word of these deals out late Friday. I checked all the solar stocks and there was a mysterious spike in volume in all solars towards the end on Friday. I think the entire solar sector will go much higher in the week to come. Even though FSLR and TSL look expensive, somehow its only going to get hotter from here.
cha ching........ http://www.elitetrader.com/vb/showthread.php?s=&postid=1503919#post1503919 http://www.elitetrader.com/vb/showthread.php?s=&postid=1503919#post1503919 http://www.elitetrader.com/vb/showthread.php?s=&postid=1522990#post1522990 all you naysayers can go take a hike (Ill be exposing you people later). Im out of FLSR and LDK right now @1036AM EST up 31+ points o w/FSLR in about 3 weeks time up almost 9 points w/LDK in the same time no positon in these 2 stocks now blackguard
I think its good to take profits, but I believe FSLR will go much higher from here. The news this morning was huge. They will more then double their existing revenue base with these contracts. We are also in an environment where people are paying for growth. Russell 2000 Growth index is breaking out to a new alltime high for the first time since 2001. Im not certain how high it will go now. My target would have to be $150 at this point.
Im looking at the Solar show in complete awwwwwww. The only dog of solar power seems to be the subject of this thread CSUN, but even that one seems to be heading higher. Even the worst of the worst solars, distrustful SOLF, unprofitable ESLR and questionable CSIQ seem to be moving to the upside. I can see TSL making it to 100 and FSLR making it to 150. A few weeks ago I was positive, but could not imagine today's show stopper.
for my fans, I just wanted to point out that my trade had almost Zero drawdown!Maybe .30 or .35 per stock and that lasted a couple hours at most. It was just an awesome prognostication and I dare any1 to find any trade similar to this one anywhere on the 'Net-a trade that returned about 33% on 2 stocks separately (66% combined) in less than three weeks (w/one of those weeks being Holiday shortened) and having almost no drawdown. I think that's pretty damn incredible. blackguard
for my fans, here's a timeline for my trade: http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=3 http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=3 http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=4 http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=5 http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=6 http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=10 and then today's finale........ http://www.elitetrader.com/vb/showthread.php?s=&threadid=96928&perpage=6&pagenumber=13 blackguard