FSLR Positioned For Another Bounce

fslr425

If you've followed us than you know we are bearish on FSLR.  Absent a reverse split FSLR will be a a penny stock at some point this year, but we don't care about that.  All we care about is how fast it moves, when that move will come, and how will we position ourselves for that move.

Today FSLR hit a brand new all time low.  The shorts have this stock right all 42% of them, which is exactly why I think we will see sharp rallies as FSLR drops to $5.  Rumors, news, upgrades, anything at all could create a nice pop in FSLR shares.  With everyone betting against it, one mildly positive event will be enough to push this stock 20% higher in a short span of time.  This 20% move will be highly profitable for those positioned for it.

I think that move is coming.  It's happened each of the last two weeks.  I called it two weeks ago and was able to book a nice profit. 

I am positioned again for a move for FSLR.  I bought the $19 calls for $.58.  This will be just another flip before more flopping for FSLR.

 

 

 

 

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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