FSLR – First Solar under $40 on lower guidance

First Solar issued lower guidance for FY '12 this morning and the market responded,  giving the stock a 20% mohawk and taken to the proverbial WOODSHED.

We have been all over the demise of the solar sector, and todays news is only the tip of the iceberg : (LINK)

 

Quite honestly, last weeks asset sale should have been a clear signal to get the heck out of the stock if you were long, and go short/puts.:
As of today, Sunpower (SPWR) and First Solar(FSLR) remain the last two solar companies trading above the dreaded $5 level. It will only be a few more months before our bold prediction comes to fruition : (LINK)

Its trades like this that can make your year , and ensure your days are spent trading stocks and not flipping burgers.

 

 

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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