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SunPower Corporation Message Board

mtwashingtonmike 254 posts  |  Last Activity: 10 hours ago Member since: Jun 15, 2000
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  • Reply to

    Go SPWR!

    by milluzzi May 23, 2016 3:50 PM
    mtwashingtonmike mtwashingtonmike 10 hours ago Flag

    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.

  • Reply to

    Go SPWR!

    by milluzzi May 23, 2016 3:50 PM
    mtwashingtonmike mtwashingtonmike 13 hours ago Flag

    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.

  • Reply to

    Go SPWR!

    by milluzzi May 23, 2016 3:50 PM
    mtwashingtonmike mtwashingtonmike 13 hours ago Flag

    Hey, when you are trading in the teens 46 cents is significant. Sad but true.

  • mtwashingtonmike mtwashingtonmike 15 hours ago Flag

    There was a successful investor lawsuit several years back against SPWR.

  • Reply to

    SPWR and CSIQ

    by mikansdad 18 hours ago
    mtwashingtonmike mtwashingtonmike 17 hours ago Flag

    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.

  • Reply to

    Santiago, Chile contract award.

    by goldstr May 23, 2016 11:41 PM
    mtwashingtonmike mtwashingtonmike 21 hours ago Flag

    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.

  • Reply to

    Go SPWR!

    by milluzzi May 23, 2016 3:50 PM
    mtwashingtonmike mtwashingtonmike May 23, 2016 6:13 PM Flag

    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.

  • Reply to

    Go SPWR!

    by milluzzi May 23, 2016 3:50 PM
    mtwashingtonmike mtwashingtonmike May 23, 2016 5:43 PM Flag

    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."

  • mtwashingtonmike by mtwashingtonmike May 23, 2016 4:06 PM Flag

    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.

  • mtwashingtonmike mtwashingtonmike May 20, 2016 4:22 PM Flag

    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?

  • mtwashingtonmike by mtwashingtonmike May 20, 2016 11:25 AM Flag

    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.

  • Reply to

    What's going on?

    by insiderguy_200077 May 20, 2016 10:03 AM
    mtwashingtonmike mtwashingtonmike May 20, 2016 10:07 AM Flag

    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.

  • Reply to

    Worst Investor Relations Ever

    by wilpil May 19, 2016 4:43 PM
    mtwashingtonmike mtwashingtonmike May 19, 2016 9:54 PM Flag

    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.

  • Reply to

    New 52 week closing low

    by mtwashingtonmike May 18, 2016 4:04 PM
    mtwashingtonmike mtwashingtonmike May 19, 2016 1:19 PM Flag

    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.

  • Reply to

    New 52 week closing low

    by mtwashingtonmike May 18, 2016 4:04 PM
    mtwashingtonmike mtwashingtonmike May 19, 2016 12:34 PM Flag

    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.

  • Reply to

    Is BK final? Is it going to be new SUNE?

    by stocksfor765 May 19, 2016 11:23 AM
    mtwashingtonmike mtwashingtonmike May 19, 2016 12:03 PM Flag

    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.

  • Reply to

    Is BK final? Is it going to be new SUNE?

    by stocksfor765 May 19, 2016 11:23 AM
    mtwashingtonmike mtwashingtonmike May 19, 2016 11:33 AM Flag

    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..

  • Reply to

    Solar on the rocks!

    by irishharpster May 19, 2016 10:57 AM
    mtwashingtonmike mtwashingtonmike May 19, 2016 11:06 AM Flag

    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.

  • Reply to

    New 52wk low today

    by bigk95133 May 18, 2016 9:21 AM
    mtwashingtonmike mtwashingtonmike May 19, 2016 9:54 AM Flag

    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?

  • Reply to

    SPWR A/H

    by mikansdad May 18, 2016 4:32 PM
    mtwashingtonmike mtwashingtonmike May 18, 2016 5:00 PM Flag

    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.

SPWR
17.04+0.46(+2.77%)May 24 4:00 PMEDT