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Enphase Energy, Inc. (ENPH) Message Board

  • lov2invest lov2invest Oct 8, 2012 12:42 PM Flag

    How low can she go?

    Down about 30% in two weeks. Wonder if pre-cursor for bad 3Q? Would be nice to see insiders step up and buy some to help support this thing. Otherwise, this could be headed a lot lower.

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    • no i dea iw ould've said it bottomed out at 3.90 but maybe this could see 3 at a minimum. i do believe, however, that earnings will increase the share price.

      • 2 Replies to bak2skewl
      • Be careful, that assumption hurt many at the last report which was well over expectations. The market didn’t care which is bad since the market is always right.

        Until the market cares about Enphase, there will be selling pressure. And it doesn't take much pressure to drive this stock down since daily volumes are still low.

        Just looking at the chart gives every reason to avoid investing. Until it begins consolidating, everything about this chart says wait. Although volumes picked up a bit when it dropped below $4, there really hasn’t been a significant buy volume event yet.

        There was no insider selling after lockup as predicted by many. Not one sell was filed with SEC. The market didn’t care.

        So what are the main sources of selling pressure?
        -This could be someone like Loeb hedging his long shares with a short position.
        -It could be genuine selling by funds. We’ll know soon as the new major-holdings figures come out showing July through Sept changes in major holders.
        -It could be a net increase in short interest. We will also know that soon as the new short interest figures are due imminently.

        Meanwhile, do yourself a favor and wait for some consolidation and a few green volume bars.

      • What earnings? Nothing but red for 2012 and 2013.

1.20-0.47(-28.14%)Sep 23 4:00 PMEDT