Shorting shares that do not even exist which after more and more clog the system, to push up a stock and get it to hold the advance is near impossible.Especially since the naked shorting is not always done to put a company out of business but many times it is. Sometimes it is just intended to get other longs to sell so they can pick up shares and pick them up cheaper then they would be able to without cheating.
Now my prediction for you from someone that has watched fslr for the entire time its traded. I have made a bundle in a few solars, lost alot in jaso eslr garbage. Anyways tuesday when fslr earnings are not hot at all but an reason from them about how they have much more billing in the next quarter or two etc. It will go down to 28 in a hurry, at which point that will break and 26 will be the new low for 3 weeks or so. If 26 breaks 24 will hold.
Now when this happens Sunpower will go back to 5 or 6 as they are losing money and already reported that fact.
Now one thing that concerns me and that is that the market is getting so toppy, MA V AAPL GOOG PCLN, priceline really?
That if a major correction which is overdue say for example dow down 180, naz down 100 or 120 then all bets are off, or oil drops ten or 15 dollars, then solar becomes much more dangerous and hold at your own risk. If smart money wants fslr, they will buy wed for 6 or 7 dollars cheaper.Maybe 9 or 10 if earnings real bad, high write downs like in the past etc.
d1synerget... There are a lot of solar investors who invest based on that fact they like solar...period. So take a look at the exact opposite, say fossil fuels and compare. One can wish and hope for solar, even put panels on his or her home or business like I just did, but invest? Panels are getting much cheaper to buy which is good for me putting them on my coffee shop, but I would hate to be a manufacturer. (for the record, the monthly cost on the 10-year note for the panels is less than the monthly savings, so they were free)
So lets look at Kinder Morgan Partners (KMP) vs FSLR last six months. Don't forget, KMP also offers a huge dividend and always has. Now over 5% even after the huge runup.