Longs should respect longs and vice versa! Still waiting proudly at 63. Will see the chart and cover soon, wait for confirmation of reversal and go long!
I have learned the hard way
"Unless u plan to hold a stock for a year:: swing trade both ways and make money and dont be an emotional bagholder either way".
This stock has killed longs in past 300-- 20 so i would be very careful in going very long!
Still in a deciding zone with more bias towards bullish. 62.5-63 will be concerning. Will cover at that level. Tomorrow critical! Good u longs dont have to worry abt this #$%$.
300 million profit! WOW. If that is case AAPL with 40 billion profit is 133 times FSLR. By your calculation AAPL shd be 133 x 300 =40,000 per share!
still holding my short at 63, stoploss at 61.5! Think more selling to come. High 40s to low 50s. Elliot wave gurus are predicting fourth wave correction of S&P any time now! I am not telling market will be bearish longterm as 5th wave os supercycle is still pending.
RSI is 88.5 and its still holding. Dont know whats holding it. Not covering my short with a loss as it has to come down.
I am surprised some people are recommending to buy FSLR at these prices.Look at 6 month or 1 year daily chart. It ran from 36 to 64 : a 28 point run to complete a 5 wave cycle. It is due for a 3 wave cycle downwards with around 14-18 point correction. I am not saying FSLR is bearish but it needs to flush. Look at price oscillator for last few months.
I think FSLR is trading more on technicals than fundamentals. FSLR acquires a project and we think it is game changer, its like best buy sells 500 TVS a day and we expect price to go up. If someone is planning to hold it for 1 yr for tax benifit these corrections dont matter but if u are a trader there is no point holding the bag. Swing trade both directions based on technicals.
Thumbs down are welcome. One day when time is right I will be a long.
i dont deny fslr is long term bullish but buying now after 14 point run ( 20 %) run without correction is foolish. I am short and will go long at appropriate time. I am a swing trader on FSLR and not investor esp after looking at decline from 300 to 40s in a short time.Good luck!
Cant believe people are buying at these prices! And dreaming of 70 by friday. In these cold waves doubt solar will shine! Short @ average 63 waiting proudly!
From chart it should correct to 54-55 and still remain bullish. Planning to cover my short (@ 62 ) at around that range and go long again!
"Dont be a designated long or short. Earn both ways" , but in this market feel more confident about my short positions.
told you. 9 points decline is what shorts want. They do not want to be long in their short positions. Now goal is to find bottom and go long. Earn both ways.