If you look at the action is SCTY there is no evidence of that. It might close green today and will certainly close up for the week. but what you say is true quashing of the deal would have the stated effect probably cutting SCTY in half instantly.
SPWR and CSIQ getting killed, SCTY doing surprisingly well FSLR somewhere in between. S&P 500 down only 8 points for the week at this writing. The folks at CNBC are breathing heavily but things are really quite controlled.
Now down 545. Would be surprised to see it end down 700. 500 possible. When it comes right down to it whether the USA moves into recession or not has very little to do with the UK.
Tested recent low at the open of June 14 and bounced. Continues to hang around $21.50. Another attempt at the low today? Does not look like it. We will need some bad news or a #$%$ market day to take it below $20.50. Bad news? Musk calling off the deal? He would never do so publicly, his ego could not take it. If it came to that he would slough that off to some nameless subordinate. Volume? It will still beat the daily average handily, but in the last hour the 1 minute and 5 minute bars have returned to pre merger announcement levels. It looks like the excitement is over, for now.
at the halfway point. Volume remains elevated, and there is a tug of war going on at $21.50. I stand by my earlier prediction that the bears will win and we close around $21.00. Not the plunge that some of the bears were looking for, but it it tough to expect too much lower with the DOW up 150+. Now if we get a Brexit vote (looks doubtful) and the market falls 400 we might see $19.00. A close around $21.00 will put us back where we were before this merger business started.
shows lower, but not dramatically so. The rest of the market looks solidly green so that might help the stock a bit. My opinion? We end up at support in the $20-80-$21.00 area.
Hope you are right but there seems to be solid support in the $20-$21 area. A break below would be significant for all kind of reasons.
201,549 definitely above average AH volume, but everything about SCTY has been above average the last 30 hours or so.
Buy some puts, premiums are high but if it moves lower in the next few days you will probably make at least 25%
being taken out. Is there a bounce in the cards? If this thing finishes even close to flat or even red this day will be one for the ages. Some skilled traders are having a field day. Shorting AH yesterday could have been the day trade of the year.
Very interesting action, there is a battle going on around $23.00. You may be right. the best thing for Musk is to let SCTY go BK. It would be a major black eye and I doubt his ego could take it, but it would be the best move for his overall empire. The jewels in his crown are Space X and Tesla. He should jettison SCTY. TSLA has enough problems without putting the millstone of SCTY around its neck.
What can I say bull you are right again. My only complaint is you never made much money off your calls. This TSLA SCTY is very interesting. The Street definitely does not like it. The move smacks of desperation for Musk. I know it would give him a black eye and his ego might not be able to take it, but I think he should BK SCTY. Tesla has enough of its own problems without putting that additional millstone around its neck.
Expect? They have been bleeding money for years at an accelerating rate. The very best they can hope for near term is to lower the bleeding rate. Even the most optimistic SCTY analyst does not expect them to make money for years.
No power or even medium sized oil company is bleeding cash like SCTY. A few of the smaller over leveraged operators? Perhaps.
Probably, see next earnings report. It is already going to be bad. If it turns out worse they will be lucky to be at $12.00.
The downgrade came from Barclay's, a rather prestigious firm, but as anyone can see it has had no effect upon the stock in the first hour. Of course the tide is green and it is raising all boats, but even a firm like Barclay's who I am sure has the same track record (poor) of calling solar stocks will not move the stock for more than the very short term.
Who was the downgrade from? I cannot find it. Any comments? Price targets for solar companies are abject fantasy. If you look and all investment firms predictions when it comes to solar they are mostly wrong. Most analysts really don't understand the industry, plus you almost always have to look for alterior motives. You would have better luck predicting the Super Bowl winner in 2020. At least then you have a 1-32 chance of being correct, well maybe 1-31, Cleveland has no chance under current ownership/management.