It was close, I was actually in margin call territory, and had my finger on the trigger getting ready to sell 500-700 shares of FSLR, but the rally of the last two days rendered the point moot, at least for now. That being said I am not convinced this correction is over, although I think the worst is behind SPWR and FSLR. $27-$27.50 seems like a pretty solid base. Would not surprise me in the least to see another test. There has been some serious technical damage done to solars. I am not sure a "V" recovery is in the offing.
Some of us were hoping for $50.00 in 2013. Now I would be doing a jig if it hits $40.00 by the end of this year. It would take a blowout quarter plus, most importantly, strong guidance Not the standard SPWR wishy washy guidance. Can anybody expect the SPWR management leopard to change it's spots? I doubt it.
That is if everything goes perfect. Fusion or the prospect of fusion has no effect on solar. The anti-nuke crowd will need to be shown that it is totally safe. That process in itself would take 10 years.
Your kidding right? I remember reading in my Weekly Reader in the first grade, 1966, about how fusion was 20 years away, and was going to change everything. Well here it is 48 years later and we are no closer. It is always 20 years away.
If the carnage was company specific I might be worried, but solar is getting pummeled no matter what the name, and I don't quite understand why. Unless it is just the old high beta stocks lead the correction saw. Solar's future is brighter than ever, but i know as well as anyone that when the market wants to correct few individual stocks are spared.
Unless we get a reversal tomorrow I am going to have to cash out of my FSLR. I just got a margin call. The pain is getting intense.
Last week picked up another $3000 +. Helps mitigate this years option trading loses, and helps mitigate the paper losses I am feeling on my solar. I am getting dangerously close to margin call territory. May have to liquidate a large amount of my FSLR. Even at $52. I still have over a 100% gain in the stock, but this correction is getting rough.
You were saying? This downdraft is starting to concern me. If the market corrects 10 %, which is not out of the realm of possibility, where does SPWR end up?
I don't know if it is the key, but is suuuure helps.
Nah, Pittsburgh, PA, but I get to Ontario once a year. Niagara peninsula mostly. The wife and I are big icewine fans. But it is pretty hard not to like Canada in general. Nice people, and lots of wide open spaces.
It was me! Looking to learn more on TA. Know the basics, but much of the stuff you talk about is half Greek. I am familiar with some of the concepts but the details I would like to learn more. I don't expect you to teach me a course but I would appreciate some suggested reading. Thanks is advance and keep up the TA posts. You have been pretty accurate since you got here, and please no matter how tempting, do not feed the trolls. This is Chasen's big weakness. He does not know how to turn the other cheek.
Check the "brutal" chain down this page. She did a pretty good take yesterday for me around 3:00. Chasen seems less sure, but his opinion was also on the thread.