the reason in the drop was options expired last Friday.
This means that from this week this stock is going to start going to 35-40 in the next few weeks.
Should see fast gains, just like it did after options expired on June 22 and on September 22
Excellent observation. Also, the financing deal helped a little as did the fact that most solars went down; so I credit 2.5% of the drop to the options expiration, 1.5% to the solar stocks decline and the rest to the financing thing. Maybe nothing for the financing thing because it needed the financing for the glut of orders pouring in.
Hey! Actually, without any manipulation because of option expire, the stock would have ended green at about 3 percent I believe, as it was a very green day on the market, with Nasdaq gaining over 1 percent. You can see clearly that stock was up Pre Market, and also up 2 percent in first trading hour, then all solars went down just in the same way. All solars got very close to their most popular option expiration target.
For CSIQ it was 29.00
For YGE it was 5.00
For SOL which went up 8% it was 4 ! you see in the last hour there how much they tried to put it up, but her bad earnings sent her so much down last week to 2.70 !! so it was hard to get her up all the way to 4.... they tried and went to 3.47 in one week !! because of options expiration..
TSL also most options were at 13.00 and 14.00 and ended exactly on 13.47 close for the day
this was really the most important factor these last weeks, along with taxes and year end taking profits. Because solars tend to rise much faster than the market, and with latest reports from JKS for example, that stock should not have been down 20 percent in one month... It proves that the options played a major part here. This was because the solars went up so much in October and November so in December it had to be taken down to match the options expiration price.