Oil up? Not much volume, Sector higher, market all over the place. Green is always better than red. Excellent comments on the "solar is not a commodity thread." Time will tell who is right.
The House of Saud may have just blinked. The could stand oil prices in the mid 40's, they of course would prefer higher. As it looked like prices might be moving into the $30's they spoke up. Let's see if it sticks.
Solar up a bit today but nothing to get excited about FSLR besting CSIQ and SPWR as per usual lately. Volume tepid at best.
Exactly what is the "normal" range for oil. The Saudi oil minister has already stated catagorically that we will not see $100.00 oil again in our lifetimes. Oil use is declining in the West, and even rates of growth in the developing world is starting to level off. OPEC is pumping like mad and Iran is still not in the picture. What do you feel is more likely in 2016? $60.00 oil or $30.00 oil? The funny thing is that lower oil is actually quite good for the overall economy. For holders of solar energy stocks, not so much.
BTW watch that roommate talk, I would not know bull if I bumped into him on the street, however if I compared his predictive record on SPWR and FSLR with yours in the last two years, it would be surprisingly similar the the competitive records right now of the Golden State Warriors and the Philadelphia 76ers. By your reckoning SPWR should be at least $50 by now, unfortunately it is not even close.
Nobody wishes you were right more than me but you have not been and bull has been. Face that reality and give the man his due.
It is true he has always glossed over the SPWR FSLR joint venture 8 point 3. It was a huge deal 8 months ago, causing a huge, albeit painfully temporary spike in both stocks. Somehow he dismisses this as a relatively minor thing
At this point no, but given his record I do not dismiss his predictions lightly. Most who have ridiculed him over the last couple of years, with the exception of a few short term spikes here and there, including myself, have ended up eating our words.
He says he is shorting SPWR. He did not say at what price he shorted or how many shares. He also called for SUNE's demise, but I am pretty sure he made no money on that call. He has also called for SCTY's demise. As far as know he has never posted a trade on that either, but he has been at least somewhat right on them.
Say all you want but bull's record the last couple of years has been much better than the rainbow and unicorn crowd on this board. I hate that he has, but I am man enough to acknowledge someone who has been right. He has called for FSLR to finally rise to the top of the solar pecking order, even though that has not been a very tall order. Even a passel of pigs has a top boar. He has called for SPWR to go nowhere, or down. He has been spot on. I am not on his knee, merely giving the man his due. I would very much like to sit here and ridicule his calls, unfortunately I do not have a leg to stand on. Perhaps someday, but that day is definitely not today.
From your lips to God's ear, but the record of the last couple of years belies your statement. Especially in the last year both SPWR and FSLR's financial situation has improved by any measure. Both stocks continue to be stuck in trading ranges with FSLR out performing a very bad sector in the last six months. Unless your timing was perfect it has been difficult to make money in solar.
SUNE and oil are the current working theories. We are however, open to suggestion. Well what do you know? We just went green. Let's see if it sticks.
but it is pretty hard to argue with his record the last couple of years. Not that FSLR has done great, no solar has, but FSLR now leads on the 2 year, 1 year, 9 month 6 month, 3 month and 1 month charts. He has repeatedly said that SPWR is going nowhere to down and unfortunately he has been right. My weight is 75% SPWR 25% FSLR and has been for a while. Not that I would be walking around like Daddy Warbucks but if that ratio was reversed I would be feeling a little better about my investment acumen.
Today oil is lower SPWR is down, what are the odds??!! FSLR is up with the rest of the market. The last ten days FSLR is down 10% SPWR down 20%. I have yet to hear a reason why this sudden divergence has occurred. Most of the year they moved in lock step. SUNE continues to plunge, could go under $2.50 today. CSIQ and even SCTY are holding their own this morning. Why do we continue to act like a Minnie SUNE?
Volume has been a factor. We have got the occasional volume spike around earnings, or if there is news, but on "regular" days like today 1 million shares are a stretch. Lack of volume shows a general lack of interest. With the exception of SUNE and SCTY it plagues the whole sector. Momentum traders abandoned solar long ago. It is difficult to get any traction with volume so low.
Sorry X, with oil about to tip into the $30's that is what I depressing the price today. Our CFO is supposed to speak today, perhaps he says something to turn the tables.
Bucket vowed not to return until SPWR hit a new high. That was back when the 52 week high was $42 something. He never did specify whether he was talking 52 week high or all time high. The 52 week high has come down considerably since then, but it is still a long way off. The all time high? I doubt you will ever hear from bucket again.
Could account for todays move. We are actually leading the sector higher. The key of course is follow through and taking out the 50 DMA. That is the problem with SPWR, technical follow through is always a problem. Still .25 cents more to make up for yesterday's pasting.