This morning, the stock fell to 61.55. As I write this, the stock has rebounded to where it is actually up 1.99 to 68.85. Could be an easy 7 points if it goes back and hits new lows.
Friday, September 23, 2011
Might be a good time to short First Solar...
As I pointed out a few weeks ago, Solar stocks have been crashing. The one remaining Solar stock with a long way to drop is First Solar (FSLR). As you can see from the monthly chart going back to 2007, FSLR has no support level from here...so no telling how low it goes.
This morning, the stock fell to 61.55. As I write this, the stock has rebounded to where it is actually up 1.99 to 68.85. Could be an easy 7 points if it goes back and hits new lows.
This morning, the stock fell to 61.55. As I write this, the stock has rebounded to where it is actually up 1.99 to 68.85. Could be an easy 7 points if it goes back and hits new lows.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment