56% of the volume was short selling. Up from 37% yesterday. They love keeping the Chinese solars down on earnings day! To all longs, lock your shares up so they can't borrow yours in the future. Put a sell order in at some high price that you know won't get filled. Hey, every share locked up helps I guess.
Been reading this same post for a couple of years now. Still waiting for the rocket. All I see is plenty of computers fighting to keep it down, just like Trina pre-offer. If we can't find a good excuse in earnings to go way up on a day like today for the market, well... then we either aren't going higher, or this game is completely rigged. In either case, the response to the report today was disheartening. True, we ran up to earnings and are coming in really hot thanks to CSIQ, but if they wanted to get this thing to 30 today and leave it sit there, it would have been plenty justified. Fact is, we couldn't get anywhere. Volume was 'blah' for an earnings release. Perhaps all the buyers have bought and now its back to the sellers selling for a while. Whatever, pretty disgusted that some of the other stocks I watch that were also oversold (but NOT undervalued) flew. Like WDAY today. Can't compare solar to software, but I follow both rather closely and there's no overstating the bias and hatred and attacks that the solars endure. If JKS can't find a reason to have made it back to 30 today...
The revenue #'s, the earnings #'s, the outlook all exceeded the analysts projections by a wide margin. This stock will soon be upgraded and will rocket higher! This should be a $50 to $55 stock now and will be soon!
Hang on this rocket stock will soon blast off!!
Sentiment: Strong Buy
just on a day that JKS had a really good earnings and Guidance (really good is jmo, gallen)
Got a convenient downgrade of SCTY and FSLR today. I'm pretty fed up. It's always "maybe tomorrow" "maybe next earnings report"... and we still get ignored or discounted by these analysts.
they are trying to figure out something to say against these solar companies to kill their growth and potential
to grow in the market and they need time to write some stories to tell individual investors like us. very sympathetic right. tragedy is that they will find something to nail these companies for sure. maybe by the end of the day or tomorrow.
Highest quality stock in the solar space, since the Chinese solars don't count as being in the solar space.
First Solar Inc.'s stock FSLR, -4.44% fell 1.7% in premarket trade Tuesday, after the solar energy company was downgraded at J.P. Morgan analyst Paul Coster, who said the company's solid fundamentals are now fully priced. Coster cut his rating to neutral, after being at overweight since June 24, 2013. The stock has run up 8.9% year to date through Monday, to close above Coster's year-end stock price target of $69, while the S&P 500 has lost 5.5% this year. He said he was keeping his earnings estimates and stock price target intact. "Furthermore, we believe First Solar's 2016-2018 fundamentals remain solid," Coster wrote in a note to clients. "[First Solar] is probably the highest-quality stock in the solar space, so it pains us to step aside at this time and in this manner, but the risk-reward trade-off seems balanced here, in our view."
look at the history of NANO Tech stocks, then Shipping stocks, now Solars. they will disappear all. that's the kind of market trend now. be careful. Solar is dead. CONFIRMED !!! get out before it happens
True. The volume forecast for FY2016 is simply huge! And the Q1/16 will be extremely strong, usually the first quarter is seasonally weak.
and JKS has the power production business that is growing. We'll see if JKS spins off "Jinko Power" yieldco, that would give JKS a lot of cash and the power plant assets would get a better multiple.
the manipulators continue their onslaught on this china cows as usual as if nothing happened. but now i doubt this.. do the china mgmt of these companies are working with their crooked counterparts here to keep the share price in check and keep the investors dreaming about the company and share value going up which is never gonna happen
Sentiment: Strong Buy
Get a decent run up in to earnings, then a drop after what appears to be a great call. I do believe that this time we will continue upward, but this thing is nutzo
The entire solar market was dragged down. Fortunately, Dows is up. I use fslr as leading indicator. Everyone should. The trading in premarket has shown the limits of all solar stocks.
Yeah, they probably should. Time and time again I watch how the chinese solars get treated and i'm continually amazed. Today takes the cake. Again.