the cake already.
This stock has run up over 100% in the last 7 weeks. SINCE that run up, we've gotten
1. A slew of downgrades from analysts
2. TERRIBLE news from SilPro
3. Announcement of intent (need) to raise $100 million
4. ROTTEN earnings reports from other solars
That's quite a sh*t storm that's been thrown at ESLR, just in the past month.
And through this storm, we've held on to a sizable gain.
When it becomes clear that ESLR is not going under, the share price will rocket.
Yea, my brother-in-law bought twenty thousand shares that day.
That's after listening to me crying about the crap market and Evergreens' bad luck. He said the panels sales looked good and they just needed to up capacity. He's still laughing everytime we meet.
The problem with this statement is that you longs have said this EVERY QTR for the past 7 QTRS!!! And guess what...it has STILL TANKED EVERY QTR!! LMAO!!!
Buy it up suckers!!! hahahahahaha
I'm not sure if you noticed or not but we have just gone through one of the worst markets in most of our lifetimes, and the company is still here. I would expect nothing less than the stock to tank after weak performance during such volatility, it’s not exactly shocking.
The thing is we may well be out of the worst of it now as far as the economy and market goes, so how the price has reacted previously will not necessarily be true this time around even on the same news (not that I have any clue what the news may be). Just due to a certain level of stability in the overall economy/market if they can show that the company is still viable then I can not see this tanking (which is just my opinion... I could be wrong). Add to that the release of the bad news prior to the earnings report rather than during, it leads me to be relatively optimistic.
As hopeful as I am, when you say "it has to go up from here," you are wrong.
This stock is a momentum play and a day-trader's darling, ESPECIALLY priced here at two bucks. It's in a calm period now, but the volatility is often staggering. With the market still pretty jittery, bad news at the cc will set off a dandy over-reaction and a 10-20% haircut in a few hours.
BUT...if ESLR is NOT going under, the share price will be over 10 bucks by the end of 2010.
That seems to be the question at hand - surviving the rest of this year.