I doubt they reached the bottom yet, one more major fall is coming, we may see ACi under 5 this Summer!
9:17 AM ET 4/23/12 | Briefing.com
. Maxim Group downgrades FSLR to Sell from Hold and sets target price at $9 saying while they had reserved hope its project business would prove sustainable, they believe the bull case for FSLR now rests solely on hope not reality. Firm says with its competitive advantage gone with poly at $20/kg, normalized system prices of ~$1.55/W yielding 10% gross margin and $1.00 EPS at a $0.55 cost/W, and upside choked off by capacity cuts, FSLR needs a wholesale change in business model and valuation. Firm says using both a DCF and the average 8x developer EV/EBIT multiple, they value FSLR at $9/Share.
There seems to be a strong support for GDX at 40, 12% down from today's price at 46 for GDX, since NUGT is 3x reverse, it will be in low 9's for NUGT to get to the ST bottom. It's my guess.
I hope it won't get that low.
This can't be the bottom, if it is, then trading is too easy for small investors like me!
Simply too good to be true!