You might get that tomorrow..nice surf out there. Remember...SPWR comes down in 3 days...can go back in 3 days. .....all the way back.
A year from now...Dec 16th...the new plant will be about to come online. C7 will be more widely used...increasing efficiency and profitability. The residential market will have secured more financing and growth will be accelerating. SPWR will be more established globally...and in far healthier position than when it was concentrated in Europe and the stock price was $140. The world demand for energy will create a global shortage of panels....as all companies move into full capacity and then expansion. SPWR simply is ahead of that game.
And if they don't SPWR triples in a year anyway so even better
Its all known....the market wants unexpected upside. Without it were are stuck until 2014. Even if they has said we are planing to expand as needed to meet demand....then we would be at $45 today. But because they said "25% increase in capacity" even after the plant is built....the news is already in. Without more news we are stuck under $35, and...for the moment well under. But i do suspect such news will occur.
By clearly defining manufacturing capability through 2014...and the new plant not coming on until 2015. Lots of folks are waiting. By saying.."we are maxed" they took away the vagueness that can allow a stock to keep soaring...like XONE for example....$50 move up at one point this year because no one new what it was worth. The question now is "what unpredictably positive news could cause SPWR to breakout sooner...rather than later next year?"
If China and the USA go to war... the stock market will be one of the least of any persons problems.
By low volume I mean half of average. Time frame..14-21 days. But no ones knows. Its just a discussion...does not have to turn into an ego battle. I have only traded for 18 months. I don't know much really. But my account has gone from $9000 to $184, 000. I couldn't even day trade for the first 4 months. Some years are good I guess. Still holding 6000 SPWR.
And up over $40
Not getting there...but staying there for good
One of the cheapest high growth stocks around. A fundamentally solid short and long term growth company. Now that the patience of traders has worn thin...investors in sound fundamentals can propel this stock higher.
My guess is it will....sooner than you think. This stock can swing like mad. It goes lower and higher than you think,
and capitalizing where possible. No correction was needed. Great earnings, bright future. When the trend gets going the other way...it will run up to $40 in short order.
Yes...it is a down trend...but there is strong support around $28. All though trees don't grow forever...the forest does not disappear over night either. Many a fortune has been made...even using margin....because a stock like SPWR can....and in this case will go up $30-$50....and it won't take long. The only short term trade is a good LONG TERM trade....because if you do get caught in a down turn...just wait it out and you are still going to prosper. SPWR will conservatively double within a year....and go up to $150 withing three years. Don't worry about the day to day with this one.
Support above $30...resistance at $35...and ten years of positive news ahead