How so? By every metric known to man SCTY still has room to retrace 70%.
SCTY is an equipment leasing company, and the only equipment leasing company in the world that is not capable of making a profit, even with a government subsidy. The company's business model is to jack up costs in order to suck money from the tax payers. The more money they can lose the greater the executives can award themselves. SCTY is the subject of three separate Federal investigations for good reason.
If you bought at $10 and still hold those shares you have now lost $13 because you got greedy and didn't sell at $65, money left on the table.
If you bought at $65, it was because you were greedy. Nothing more to be said.
Remember, pigs get slaughtered.
I got out of that some time ago. This thing is a fun ride. If were really trading this stock you would be going long on the rides up, and shorting on the rides down. How much do you get paid for posting your nonsense. I read somewhere you make something like $0.25 per post. is that true?
These "planned sales" have become a joke on WS and yet another mockery of the SEC rules. As long as you have a "written plan" it's legal. You can write your plan to say "when my right index finger touches my nose, sell". It's a plan, it's in writing, therefore it's legal.
"The battery pack would cost about $15,000 without financing. “Our long run goal is to include a storage system with every solar system we sell,” says Rive."
It's obvious that they are jacking up the cost to put more tax dollars into the pockets of the top executives. The Federal investigators should issue an injunction.
Thanks. btw - Director of Finance for an international security company here, 27 years experience. Yesterday's press releases had me howling with laughter FWIW.
So if a lease is 20 years, and they will be shelling at $72k for batteries, that's some huge money being lost. But hey, it means more tax dollars going into the pockets of the top executives!