Hey I got out at $19.50. and made $12,500 trading puts after that. Quite a way to go before I have any regrets. Recent regrets that is. I have plenty of regrets buying last March at $32.50.
Selling? It is probably a bit to early for that . It wasn't that long ago when a buck and a half was 5%. You have been around long enough to know there will be a test of Thursday's low, especially if the market slips on a rate hike.
I have never known anyone, long or short, who seriously thinks that posting on a yahoo or any other message board is going to move the price one penny.
Only one problem, no GAAP profit. The 800 lb gorilla in the room that longs like to ignore. The Street has certainly noticed, hence the stock price. Looks like you will start off today pretty good. SPWR has been known to have good days, even good weeks. It is the months and years where the problems are. Closing price May 29, 2006 $29.66. Down nearly 50% in 10 years? Definitely not a stock in Buffet's portfolio.
Look at SPWR against any average S&P 500, Dow 30, Russell 2000, OEX, QQQ, you name it. Look at any period you like 10 years, 5,4,3,2,1 year. Nine months, six months three months. You will see a poor investment. I have admitted it to myself and moved on. When will you admit the truth? I know when it goes BK. That is like admitting you are dead after you have been in the ground 5 years. The convertible debt screed has been right on the money. The stock has been diluted and the shareholders hosed. The insiders have done all right, of that there is no argument. The shareholder? Unless your timing has been perfect, and you can say that about any stock, you would have been better off in an index fund. I know I would have, and I would probably have more hair to boot.
Far be it from me to defend bull as he is more than able to defend himself, but he has been right on SPWR far more than he has been wrong since he first showed up on this board a few years back. Anybody who has listened to him has been far better off than any of the bulls who have lost money, me included. He has earned the respect of any fair minded individual. If you are a cool-aid drinking wild eyed bull, who cannot even conceive of a bearish argument on this stock then there is nothing else to say. You sir are fairly new to this forum. When your record approaches bull's you can then hurl epithets like "Loooooser."
50 SCTY July 27 23.00 puts at 2.05. It has come way to far way to fast. 25% in nine sessions? Don't know if we will see a test of the 52 week low but we will see a giveback. SPWR? Might buy puts if it gets to $18.75. Still do not like overall market.
You remind me of that fraternity pledge from the movie "Animal House." As he was getting whacked with a paddle, he yelled "Thank-you sir, may I have another!" How many whacks before you break into tears? $12? $10? $8?
Same day substitution on my puts at $15.74. Not as nice as it might have been but still booked $12,500. Still a long way to go to get back to even this year, but that was a step in the right direction. Will continue to sell into any strength, but right now SCTY look more attractive as a puts opportunity.
Another day another 52 week low. Thank goodness for a good market. If the market was not up 100 this would be South of $15.00. seems to be bouncing off its low a little now. Lets see what happens.
It has always been another strike against them. Although there are many companies where investors are treated like old leftovers. If you ever get to someone, you will find no one who can answer any questions with any complexity. And you will be handed platitudes, about good times being right around the corner.
As we both know to quote the great Yogi Berra "It aint over until it is over." and even if I get lucky and this dog does fall to $15.00 tomorrow, that $20,000 will only mitigate the $104,000 that I lost on this dog in the last year or so. Add in the $7000 I made on the SCTY puts and a few other smaller short trades and that will still only get me a third of my money back. A step in the right direction to be sure but a long way to go to where I was March 2015. My mistake was not listening to you when you were saying $30 was a gift back in December. I could have taken a small loss back then and have been much better off. You know how it is when you come late to the party, the best woman are all gone. Right now I am banging the fat broad. It is better than nothing, but you cannot help but think what might have been.
I was speaking of only of the period between 5/11-5/15. The put bet that I had made on 5/3 was not doing much in that period. I had got up 60%, not bad but it was not until today that it became a 100% plus trade. A move to 15.00 by tomorrow makes it a clean triple, 200% and $20,000. cap gain. Dare to dream. Right now sitting at $16,000 with my finger on the trigger. No sense being greedy.
If you are shorting or buying puts and you feel the market is going South you look for the weaklings to short. In a correction a weak company like SPWR will fall 50% (It has already). In a bear market it might fall 75-90%. A strong company may only fall 15%. If you feel we are moving back into correction, which I consider a 50-50 chance then SPWR will move lower. As I am writing this we just set another 52 week low. If the S&P 500 moves to 1900 where do you really think SPWR will go? It aint higher.
I don't think anyone is seriously thinking that at least not for the next couple of years. Single digits? Not out of the question if the overall market moves back into correction which is 1917 on the S&P 500. Still quite a ways off..
You wern't the only one. At least I have mitigated some of my losses with a couple of put trades. Still a long way off from making up for the pasting I took from $32.50 to $19.50. It may take years.
Well it happened 52, week low.$15.89. Let's see if we get a challenge later.. Seems to be hanging at $16.00 for now. Catalyst seems to be oil today but could be down market. Off topic SCTY risings again? Setting up for another fall?
AH means nothing without news. When you have big swings like today you often see late prints. Other solars are down or unchanged. Today's AH trades mean nothing. WMT sets the pace tomorrow at the open.