Back to 3 easy.
8,000 employees, 3 times debt to cash and MASSIVE LOSSES......How in the hell is it that this stock found 7's this morning lol. It's beyond belief, but it is what it is :-).
So call me stupid, but I had to add to my short again today. Actually wouldn't mind doubling up if this continues higher. In the end, the companies business has failed.
I am not an expert but it seems stupid to short when it keeps going up. The issue now becomes trying to call the top. I don't see any technical indication of a top. I think it's best to stay long until proven otherwise IMO.
FINALLY 7 fails to hold again and we are heading lower. Now if we can just drop back below 5 I'd be very happy.
Naturally one can't call the tops, or bottoms spot on and of course I scale my long and short positions. So I'll wait and add to my short position once this decides to stop going up :-).
BOTTOM LINE: If for not Govt. subsidies, most of these solar companies would already be BK.