His big month crashed billions of market cap today across the whole stock market ! He must have shorted everything then hit the big sell button on his computer. This is how rich people get richer here.
What a big month he has ! Billions of market cap are gone because of his big month ! He is so old, his earth days are counting down to zero soon and he should retire and keep his big #$%$ hole shut.
SCTY has Elon Musk, RSOL has IAN BOWLES. Who is better for getting new large public and private contract ?
Very solid Q3 result. Expecting even better in Q4. It is catching up with HBO. A lot of room to grow internationally with a very low price. If it can make deal with sports channels, it can replace TW soon. More deals are coming.
SCTY retained value is 37% less! SPWR should be at $100+ per share based on that but it is only $31 today. SCTY is truly a BIG bubble.
SCTY is diluting it shares and traders are increasing much more than $2.5 millions to CEO's existing shares to buy its own new shares. Is this a PR and marketing scam?
"Shares ran up following a stock and debt offering yesterday -- an unusual reaction, because the move was dilutive to current shareholders."
"its $1.27 per watt in value installed is lower than the $1.75 per watt SunPower projects"
From seeking alpha
"SolarCity designs and installs solar energy systems. There's some growth there, but it's a wildly competitive field so margins are not decent and probably will never be."
From the street
"The company didn't announce results, but "metrics." It said it installed 78 megawatts of power during the third quarter, and is on track to install 278 MW for the full year, and about 500 MW next year. It didn't say how much money it would make from all this, and in fact it has only come near to breaking even once, in the fourth quarter of 2012."
Why does SCTY needs to raise almost US$400 million from stock and bonds ? Because it is short in cash to "buy" more customers now. I bet that the Q3 margin is still in red.
Thanks for the big kids in Washington, they crashed the market again !! These politicians are going to destroy America and we should charge them treason, shouldn't we ???
SCTY uses TSL panels, we don't care in CSIQ message board. But thanks for the news. SCTY is a big bubble because investors fall in love with CEO, RSOL is not moving much because investors don't like it yet.
Since you are still trading, you are not actually retired. Are you checking stock every weekday and even during vacation or traveling ? Most day traders are not in retirement too.
If I were you, I would buy back 1st thing on Monday. It usually goes up at beginning of week. Then waits for earning. I may sell most of my shares just before earning day. Then waits for a drop and goes back in.
We need more naked short sellers so I can buy more at $4.5 !! It only dropped 10% so far. I am very disappointment....