must come to an end. An eight day winning streak! When as the last time that happened? I never looked it up but I am guessing back in April - May 2013 when we went from $9 something to $20 something in a little more than a Month. I am not even sure if we had eight days in a row then. I would have been surprised if we punched above $26.00 without a give back of some kind, as we are in an area of some technical congestion.
Let's start a new winning streak next week.
What is you technical take on the market in general with the S&P 500 and NYSE closing over the 50 DMA, and the NAS very close? A few days ago you were a doubting Thomas. Do you think the correction is over, or is this just a relief rally, with at least one more test of recent lows in the offing? Even you have to be impressed by the market in the last week or so. SPWR? Well, we both know that fundamentals will tell that story.
Dude: He caved to the oil companies on the gasoline part of the bill. Something is better than nothing, but many are saying he gave to much to big oil.
I must say I am pleasantly surprised. The market dragged us a bit higher. Aside from a friendly market, a friendlier oil market and just being oversold I cannot account for the rise. That being said I could not account for the fall except tor the opposite, an unfriendly oil and stock market. Right now we are looking at out best close since August 17 and even more amazing, 8 green days in a row. When was the last time SPWR did that? The answer might be back in 2008. It is nice to relieve the pressure, but lets put things into perspective. We are still down for the year, YTD (barely), 6 months and 3 month charts. I guess when you are flat on your back, even getting up to your knees looks good.
during most of this winning streak we have been on volume that has exceeded 1.5 million shares a day. Pretty good for this stock especially lately. Today we are trading at "Pre streak" levels. This might mean a red day. A small one on low volume would actually not be a bad thing. Why the interest lately? Oversold? Rotation as chasen suggested? Just following the market? We are near resistance at $24.75. I think we will need news to get through, but that is just MHO.
Nice find, although after reading the article it appears the bill is a bit watered down. Still if other states or the Federal Government even approached these kind of goals solar would be much better off.
Today? Looks like we start lower. This fantastic winning streak is due to end, lets hope the giveback is less than 1% and it bounces off the 50 DMA. that would be a good technical sign.
Of course, "never" is a very long time. "Not any time soon" is a much safer statement.
It would not be the first company or industry to go into death spiral because of "lack of imagination." That being said solar and other renewables will never eliminate traditional "smokestack" utilities. No matter what the promise of renewables, not even the biggest solar and wind dreamers see a day when manufacturing industries that demand incredible amounts of power will be powered by anything but coal, gas or nuke. Homes? Many certainly. Offices? Some of course. Factories? Don't think so.
Exactly, when only a handfull of people were on solar, utilities found net metering and similar programs to be good PR. The cost to them was nominal, but the green PR was worth a little goodwill. Now solar is cutting into the bottom line, and they are pushing back big time. The Florida situation you spoke of is one of many "utility" reasons why solar has not caught on in the Sunshine State.
In fact many are starting to postulate that this is the biggest medium term challenge solar faces.
Well that euphoria did not last. SPWR closed the gap which is probably a good thing medium term. Bounced right of resistance at $24.75. As long as we hold above the 50 DMA it will be a good day. A little disappointed at the action over at FSLR.
Yikes! In danger of going red with the rest of the market.
Just come clarification. You are planning on selling some short term calls at $26.00. Are you planning on selling "covered calls?" Or are these calls for speculative purposes you have already bought in the last few days? I know you were kicking around some Jan 25s and 26s but it sounds like you did not take the plunge.
Jumped right over the 50 DMA. Very unusual action for SPWR. Usually these technical barriers are significant for this stock. It should be an interesting day. FSLR opened back over 50, follow through on yesterdays break of the 50 DMA and 200 DMA. In fact they are only a few green days ahead of a "Cross of gold."
Wow! An exact gap close to the penny. Where do we go from here? A lot of resistance around $24.75. I will be surprised if we get through that without news. $23.35 beats the heck out of $18 something but I will not be celebrating until we are north $26.00. That wlll be a sigh of relief celebration. The real celebration will come if we ever get back into the $30's.
Solar has been the place to be. Can't explain it. Oil up a little? Oversold? I am not complaining mind you, but still a long way to go even to get to $25-$26. $30.00? hopefully after earnings and analyst day. FSLR $50.00 and safely above the 50 DMA and 200 DMA? Maybe this week.
What are you babbling about? You are an anonymous individual on a yahoo message board that has 35 followers, max. It is now common knowledge that VW cheated on their emission tests, and they will pay a heavy price for it. They fooled a lot of people for a long time, and now heads are rolling and hefty fines are coming, perhaps even indictments. What does that have to do with SPWR? They are involved at the concept level trying to develop solar cells for autos. It is laughable to think they had anything to do with designing the software that circumvented the emissions tests or had anything to do with the engine design that emitted said emissions.
Are you saying they should sever their relationship based on the news? Take the moral high ground as it were? I suppose that would be noble, but I don't see that happening. If there are VW subcontractors pulling their business relationships based on this I have not heard about it. It may be difficult to do so from a legal perspective even if they wanted to.
This emissions issue has about as much to do with SPWR as it does with the folks who provide the tires for the cars. Is VW / Audi going to lose sales from all this and could it potentially hurt SPWR somewhere down the line in lost sales? I suppose but the lost revenue would be so minimal that I guarantee no SPWR executive has lost a wink of sleep over this possibility and this scandal. I would be surprised if it even came up on an executive level.
I know, but I would think a few solar cells embedded into the roof or a car would provide some electricity to a car if it sat in the hot sun all day. Even if it only raised the cars charge a few percentage points it would be worth it.
Did not know that, that is an interesting and quite useful application. Too bad they cannot use it to charge the car's batteries while the car sits there. Sorry, just saw "The Martian" over the weekend. Got re-inspired by solar technology. Although the stuff NASA uses you cannot get as an option on any car or rooftop.