I am so busy trading Oil stocks for now. SPWR becomes boring stock.. I will look at it if below $18.. but I love to chat here this msg board
$12 was the price that I started to buy 6K shares 2 yrs ago and riding all the way to $26.. It will repeat again.. History showed this puppy went up to $80 + and dropped down to $3+ and went up again to $42, so why not $12 again this cycle ?
According to "bull1992" he found this info .. Old game is repeating again
Call Spread Overlay with Respect to 4.50% Debentures
Concurrent with the issuance of the 4.50% debentures due 2015, the Company entered into privately negotiated convertible debenture hedge transactions (collectively, the "4.50% Bond Hedge") and warrant transactions (collectively, the "4.50% Warrants" and together with the 4.50% Bond Hedge, the “CSO2015”), with certain of the initial purchasers of the 4.50% cash convertible debentures or their affiliates. The
CSO2015 transactions represent a call spread overlay with respect to the 4.50% debentures due 2015, whereby the cost of the 4.50% Bond Hedge purchased by the Company to cover the cash outlay upon conversion of the debentures is reduced by the sales prices of the 4.50% Warrants. Assuming full performance by the counterparties (and 4.50% Warrants strike prices in excess of the conversion price of the 4.50% debentures due 2015), the transactions effectively reduce the Company's potential payout over the principal amount on the 4.50% debentures due 2015 upon conversion of the 4.50% debentures due 2015.
Under the terms of the 4.50% Bond Hedge, the Company bought from affiliates of certain of the initial purchasers options to acquire, at an exercise price of $22.53 per share, subject to customary adjustments for anti-dilution and other events, cash in an amount equal to the market value of up to 11.1 million shares of the Company's common stock. Under the terms of the 4.50% Warrants the Company sold to affiliates of
certain of the initial purchasers of the 4.50% cash convertible debentures warrants to acquire, at an exercise price of $24.00 per share, up to 11.1 million shares of the Company's common stock. Each 4.50% Bond Hedge and 4.50% Warrant transaction is a separate transaction, entered into by the Company with each counterparty, and is not part of the terms of the 4.50% debentures due 2015
what do you think about oil stocks at this current price ? XOP, SDRL RIG 75% below from their peak.. OPEC already hint that bottom of Oil $40.
Unbelievable, i made it again, bought another 5K shares of TSL yesterday at $8.24, I will hold them tight to $15.. Go go Solar
The answer was just right in front of you, just make your brain works a bit harder. Opec has said "OPEC won't rush to cut oil production even if prices fall as low as $40 per barrel, one of the cartel's members said Sunday." - oil wont be bottom yet until $40 or under.. not good hint for energy stocks
Shhh dont share to any1 ok nickels.. Bought 5K TSL shares $7.8 and riding all the way to $9.15.. I am ready to to do it again soon. How the pro here could miss the big opportunity when TSL dropped below $8..
Got the hint already from insider information.. The game will go on for awhile to cut the feeding tubes to enemies. I am not in hurry buying Solar yet.
Hmm, nickels already started with 1st Buy high and Sell low trade of year 2015. Why these guys keep burning hard earning $$ into this dead stock.. I told you wait until it goes down to teen then buying. I am aiming for $12, no more than $12 when oil keeps heading low to $30+ and Nuclear Fusion technology is still on track for mid of 2020
History showed 7 yrs ago SPWR went down to $2.5 from the high of $80 range, if oil continues to slide, history would repeat again.. Holding cash is King for now
Party is over, there is only bones left on the plate.. Now is time for SHORTS coming to clean up the mess. Then preparing for whole new opening parties again a year from now
When the big boys start dumping "energy stocks" and 401Ks avoid buying "it", how can they go up ? it seems to me THEY include Solar sector in Energy category