should make some cash.. capitulation sell off.. good luck on it.. but the I do not see $4 for a long time if ever.. company is bleeding bigtime
TSL and JKS off the bottoms.. SOL should rally soon.. lots of volume but where from here? in the $3's for a long time.. could drift in the $2's.. its solar dude!!!
dude.. you need to capitulate and go hide in a hole.. this stock is sooo buried in its highs it ain't funny.. only people making money on this are the exchange and the shorts... longs will never get their money back.. never.. you should have sold in the $5's when you had your chance.. but you were talking $6's $7's $8's.. just a dreamer.. I am covering "temporarily" here $3.29!!! will short all rallies..
solar was sooo pumped up this year from the bottoms... from low single digits for many of them SPWR $3 SOL $1.. some went below a buck to pennies.. nothing has changed chinese solar comapnies still losing money.. when will they ever post a profit.. too much debt.. you were played!!!
I hate to admit it but my ears are starting to listen.. company is obviously run #$%$ poor.. and it is wall street and the angry shareholders that have me listening.. if $13.50 does not hold PBR will test the lows.. and if the fed stimulus rumors and more Brazil inflation and riots ensue.. it will go to capitulation.. I am not going to fight it here.. today could have been last chance to sell in the $14.29 high??? everyday SELLING PRESSURE..
well that is always the point.. day and swing trade your positions.. not a question of being gun-ho.. it is a question of looking at the chart and see one of two things will happen.. #1 it will consolidate here around $14.00 and gap back up over $15.00+ or #2 the down gap is resistance and it will retreat lower.. if you know how to read and comprhend??? you would know I have covered calls on part of my position.. I know have a 5/8th protection down to $13.50.. that is because $13.50 is the line of support.. after that it is $12.00 to $12.50.. I admit the double gap down below the 50/100/200 day ma caught me by surprise.. as well as all the negative news releases.. sorry but as a trader/investor I DO NOT SPIT IN THE WIND.. stock selling below asset value but there are a lot of angry shareholders..
cash burn rate will run this company into the likes of STP.. you were warned.. they need to keep raising more debt to stay afloat.. can you say PINK SHEETS???
you definetly have some experience cd.. they are treating Brazil like a financial crisis.. and PBR as an Enron.. hard to fight the tape.. or the negativety until we get a capitulation.. either they are accumulating here or will take it lower??? its a guessing game.. a game of chicken.. definetly my worse week of the year.. had 2 gap downs and sold 2 winners.. oh'well back to the drawing board..
you will have to excuse s.eranger.. his screen name is really d.eranged.. the $14.50 gap is going to take alot to overcome.. $13.50 is a real possibility.. and a test of the $12.03 lows is also possible.. everything on Brazil is negative whether we like it or not.. Wall Street is punking PBR.. everything this company does is not good enough yet they raise the earnings.. it is a joke! I reduced my position today and have 1/5 $13.50 covered calls and 2/5 414.00 covered calls.. below $13.50 and it is either "scale down" or "throw in the towel".. LOL..
there was no reason for the run-up for Chinese Solar this year other than Wall Street dumping cheap shares on the public.. STP and LDK are Bankrupt.. CSIQ run up to $30? whoever bought will be sorry just like whoever bought SOL $6.. these companies do nothing but spend money and lose money.. this management does nothing but miss and lie.. that is it..
SoL its dog meat..
they have been talking the talk but not walking the walk for a long time.. do you really believe these Chinese Crooks? credit ratings will be lowered to JUNK STATIS.. best time to bail is today otherwise you are looking at another STP.. check it out..