Looks to me like some shorts trying to cover in a systematic way before earnings report. I think any bad news is baked in already. Dont think earnings will be as bad as expected with a much better forward looking guidance due to the lay-offs and consolidation of plants. At this level just a hint of good news send this thing sailing for the stars
Though the number of shares sold short in SolarCity (NASDAQ: SCTY) and SunPower (NASDAQ: SPWR) grew between the January 15 and January 31 settlement dates, short interest in Advanced Energy Industries (NASDAQ: AEIS), First Solar (NASDAQ: FSLR), GT Advanced Technologies (NASDAQ: GTAT) and MEMC Electronic Materials (NYSE: WFR) declined during that time.
Next time pay attention to what I say. :)
Now if we can only stop the penny snatchers from grabbing a little profit, we could easily watch this be pushed to $7.
The State of The Union address, will confirm the dedication to renewable energy sources. Nows the time to be long. Up with nice volume