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First Solar, Inc. Message Board

  • mahilama1119 mahilama1119 Sep 4, 2013 10:26 AM Flag

    No ones jabbing FSLR...just stating the facts. The fact is there are not many positives.

    When you look at what other solars are doing, there little to no reason at all to stay with FSLR .FSLR was resting on its laurels, now their market share and profit is eroding. Amazing its holding up as well as it is. Many companies...such as Green Mountain Coffee, plummet $50 on horrible earnings and decreased guidance. FSLR has furher to fall.

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    • I do not have enough information I can depend on to fundamentally evaluate any stock. As such, I follow the charts which show where the "people-in-the-know" are buying and selling, or where they bought and sold in the past. Doing that allows me to determine an entry point, a stop loss point and an objective that I can have some dependance on. Simply stated, looking at the charts gives me a road map that is not dependent on whatever feelings about the stock I have on any particular week.

      The charts suggested that the stock would drop down to anywhere between 34.09 and 36.13. With today's low being 35.59, it does start to fulfill the downside objective, meaning the stock is now a likely better purchase than a sell as this is the level where the stock had important resistance before that became support when broken.

      I am not going to discuss any fundamentals because everyone can come up with some fundamental reason for the stock going up, going down, or going nowhere and I am not a judge that can determine whose story is the best. I simply want to follow the big money and use good money management with trades that offer at least a 4-1 risk/reward ratios (based on the charts and not on money). This way, I can be wrong as much as 80% of the time and still break at least even. I have been doing this for 9 years and so far I have not had a losing year and at no time during the last 9 years did I bother to look at the fundamentals of any company! I just follow the big money and use good money management.

    • GMCR is trading around 84, what are you smoking? If you're referring to the past (over a year ago), a drop in GMCR that was instigated by lies from a short hedge fund manager..where is he now after seeing the stock move from its low 17s to current levels? I hope he's still short.
      FSLR is best of breed in anything they do...the one other solars need to worry about and not the other way around.

      Sentiment: Buy

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