Yeah Cramer had me worried at 70 on CROX because I was short at a little over 65. But who got the last laugh on that one. I did. So if Cramer is bullish on FSLR, believe me from the bottom of my heart, I wanna be short it. Hopefully can borrow in the a.m. And by the way, CROX is not the only stock I made money on (big money) doing the opposite of what Cramer said. I got sucked in once or twice, against my better judgment, and learned a good lesson. If he likes it on the long side, I like it on the short side. Give me another CROX,,,PLESASE...I love those overextended, overpriced, growth companies that come down to earth. YHOO is about 1/10 of where I was short originally. (But that was a long time ago so I shouldn't mention it. ) I sincerely wish all of the longs a lot of luck. Check tonites news and look at the HUGE INSIDER SELLING AGAIN. GUESS WHO'S STOCK YOUR BUYING WITH A 25BILLION DOLLAR MARKET CAP. You people crack me up. Stay bullish,,,I love it.
he also said the bears can't keep it down so he knows it's a momentum play at this point. I have to admit it crossed a critical point today. At this point there are not too many shorts who are above water. if it crosses 315 again I will buy some for a 10 buck pop. If it crosses 290 I will short some for a 10 buck pop either way should set off some margin calls and force sales or covers.
Federal tax credit is a joke. It is a drop in the bucket compared to state rebates. Solar has been moving on oil and earnings, not legislation.
It is too late to have much impact for 2009 anyway.
I think he does very little due diligence. He boldly proclaims that FSLR has the more efficiency technology. He has said "absorbs the sun's rays like a sponge" and "they remind me of Intel and should be able to double the efficiency of their technology every 18 months."
Both of these statements are at best exaggerated, some might say they are deliberate lies. I think he just does not care what he says. Last April, he mentioned the stock on his show when it was $57. So he has a vested interest in promoting it.
Cramer is the king of the momo lemmings. Enjoy the ride but don't count on a phone call when she runs out of gas. Excuse the poor attempt at humor.