I agree; this seems only good for a trade when news hits. can't even bounce w/ sector today. awful relative strength.
watch for gap up into the 60's as we head into end of yr; the insty's algys have been mopping up all the tax loss orders for quite awhile now; I will not be at all surprised to see this back to high 60's within a couple of weeks. Good consolidation yr; 2015 is going to rock for this name.
Last q's cc was great and co trades just over the amount of revenue they already have booked; no more dilution (solar bonds) removes one of biggest headwinds. GL
today's vol was only about 60% of typical day; would need to be higher than normal to give credence to move. Strong support in 15.50 - 16.25 range; this one has some wide swings.
Today, this held far above lows of recent days, despite a far weaker broader market than in recent days. Good relative strength; stock is in strong hands. S&P fib level at about 2014; market should bounce from that level. high 20's+ coming imo. gl
You may or may not be right long term. However, my view is that investor psychology is such, and the short position is such, that one, yes one, decent order will send this stock to high 20's. Plus, market will begin to anticipate the inclusion of the large order from last quarter that was pushed into current quarter...it will make for a good number even if they have little, or even nothing, else. I think they'll be booking some additional wins and beefing up sales force based on cc.
you're right; they do check them.
I feel the same about this name as I did w/ GMCR @ $40-50 last yr; that was/is an institutional darling name as well. This is going to be taken for a spin to the $30's; fundamental momentum is just too strong, and gov't buy-in seals deal.
This stock is now an institutional darling. The insty's will take it to the 30's. It's not a retail name; no need to even check these boards, really.
That's why sp is going much higher. The amount of $ that is going to ultimately be allocated over next few yrs by fed and states govt is going to many multiples of $150,000,000. They just don't want to scare people w/ too big of a # off the bat. sp end of 2015: $60+++.
Hey, thanks, man! Good to have some comaraderie on this board. This thing is a beast. Have to be quick...like lightning! I have made some $ in this buying big swoons and quickly trading out, but think I am done for sometime after I exit current trade. Don't really have a good handle on what is likely in coming months...what do you think?
All the big vol was up vol, with a lighter vol day than recently; looks like the algy's were set to buy anything offered all day. I'd say that bodes well for high 20's next week. Prior high (30 area) can happen very quickly now that all other resistance is broken. Could get a multiple dollar up day over next few trading days.
ok i bt back in. 4's mon for sure!! Hope i didn't offend anyone here, btw. just a little giddy after making some $ in this today instead of getting punched in the face by it. GL!!
typical afternoon selloff could take this to 2.60's or lower. noone wants this over weekend only to come in and see it at 2.25 on mon morning.