FSLR and the Solars

I recently wrote about the solars and the fate of those that are publicly traded companies. It is quite funny and interesting to see what happens in sectors like these, where the charts can paint one picture, but not the entire story. To one, FSLR and other solars are oversold, and a buying opportunity. Heck, the buyout rumors have begun. ( http://www.itbusinessnet.com/article/First-Solar-takeover-prospects-more-likely-given-sell-off-says-Maxim-1767647 )

But in the end, the folks that make money off of plays like these, are the ones who see the big picture. Who stick to their guns on the short squeezes that happen, and lock in profits on the way down.

FSLR will be a sub $30 stock in the VERY neat term. But it will succumb to the occasional pop, which allows you to add to your put position.

Take a look at the chart below. Remember... the trend is your friend!

fslr
fslr

 

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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