Exited my position for a small loss. Definitely keeping an eye on it. Long term, I think it will rebound. I will just have to wait out the negativity.
Held off today. It just isn't moving in a way where I'm confident it doesn't have more downside. Gotta keep anylizing and decide.
They are definitely in a strong position. The market is just not on them right now. I'm looking for any turn in sentiment.
Hard to believe the company is worth $3B and sells for a PE under 6. $37 needs to hold otherwise its back down to $31. Take that out and its got a 20 handle. The price is right ($20 is the equivalent to cash on hand), but the timing may not be. May turn out to be mid to late 2017 story.
Better wait, I think. For now just SOH mode... Learnt the hard way that is far better wait for rock solid trend shift signs.
I'm waiting. Look at charts and it wouldn't be the first time it got oversold even worse than this time. Gonna buy on a day that's overly bearish and play the bounce. Will use my buy point as the stop.
I am thinking the rise today may be due to Hilary's statement at the debate last about putting solar panels everywhere.
I think for now we should watch carefully 39-40 zone, and hope for some consolidation and eventually a rebound in this area.
First Solar Inc. (NASDAQ: FSLR) was downgraded to Neutral from Buy and the fair value estimate was cut to $48 from $68 (versus a $40.58 close) at Janney. The firm sees its outlook diminished with pricing trends and other issues. First Solar was downgraded to Perform from Outperform at Oppenheimer. Shares were down 1.1% at $40.58 ahead of earnings and down 6.3% at $38.01 on Thursday morning post-earnings. http://247wallst.com/investing/2016...-solar-fitbit-oneok-partners-sunrun-and-more/
