Tag Archives: FSLR

12-19 Watchlist


Another great trading day yesterday as SAM continued to move, GS exploded higher, SODA tested 45, BBBY continued its move, MON broke 92.50, and seemed everything on the call side was up nicely. SINA had a consolidation day and I still like her for 52-53 this week. Also had CMG on the watchlist yesterday and we grabbed the 305s @ .50. The move the last few days has shocked even myself, as we are now a stones throw away from testing the 52 week highs, and getting closer to 150 on the SPY, like I have been talking about for months. Futures are green again this morning with some data out. Japan continued its recent market surge and the Nikkei closed over 10,000 for the first time since March. Couple that with the Shanghai index move over the past few weeks, and you have quite a rally over in Asia. Lets not get over confident about a huge rally coming over the next few trading days to close out 2013, but i also wouldn't rule it out. Seems the ones to watch right now are the oversold, shorted stocks that still have decent fundamentals. One of the reasons I like CMG, SODA, SAM, FSLR, and SINA.

Here are some of the Analysts ratings and remarks today:


Panera Bread upgraded at Wedbush

As previously reported, Wedbush upgraded Panera Bread to Outperform from Neutral. The firm upgraded shares based on checks that indicate Q4 same-store-sales are tracking at the high end of 5%-6% guidance, comps sustainability, and low commodity impact. Price target raised to $190 from $160.

Bidu Initiated with Sell, $80 PT at Maxim Group


Apple TV likely in time for 2013 holiday, says Piper Jaffray

Piper Jaffray believes Apple will launch a television in time for the 2013 holiday season and calls the stock a top pick for 2013. Piper believes investors that sold Apple shares to avoid a potential tax increase could return to the stock given the valuation. The firm keeps an Overweight rating on the name with a $900 price target.


Starbucks checks show Verismo being well received, says Citigroup

Citigroup said its channel checks indicate Starbucks' new single-serve cappuccino machine Verismo is being well received by consumers. Citi believes the company's Q4-to-date U.S. same-store-sales are likely trending up 6%-8% compared to up 7% in Q3. Citigroup remains positive on shares of Starbucks with a Buy rating and $63 price target.


Currently hold CMG calls so on the fence around adding PNRA calls, although i think that stock should be $180+ right now. May look at calls at open. MLNX CEO on bloomberg yesterday and article out from Barclays defending the stock and keeping 140 PT, so like that one. Have had it on watch for days so this is the time I get in. Will also grab some BBBY calls at some point today for earnings.

Strikes on watch this morning

Stock Ticker Call/Put Strike Expiration Closing Price
PNRA CALL $175.00 weekly 0.25
MLNX CALL $70.00 weekly 0.25
MLNX CALL $72.50 weekly 0.15
BBBY CALL $65.00 weekly 0.47
BBBY CALL $67.50 weekly 0.20

Lets have another great day!!

- Jimmybob

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.



FSLR – First Solar Selling Assets? Not a good sign.

When a press release combines Buffet and Billions, the stock attached to that release, is sure to see some upside action. First Solar released news this morning that it was selling its much hyped $2 billion topaz farm project to MidAmerican Energy Holdings Co. This stock has been taken to the woodshed this year, and soared 10%+ to 51.86 in morning trade on the news.

Now folks who read our blog and spend time in our chatroom, know our feelings on FSLR. We have written about FSLR the past few months, and have played her like a textbook. Which means buying puts into a Gap... Which is what we did today.



FSLR still remains a troubled company, and the asset sale confirms that. Folks buying into the hype, were taught a lesson, as the stock closed at $47.99.

We went short via the $47 and $48 PUTS after the open on Wednesday, and our options were up 300%+ on the day. We fully expect FSLR to touch the $45 level before the weeks out.


Below is the news from Marketwatch:


By Melodie Warner

First Solar Inc. FSLR +4.08% agreed to sell a solar power plant being built in California to MidAmerican Energy Holdings Co. as part of the solar-panel maker's plans to reduce spending.

The $2 billion Topaz Solar Farm project -- a 550-megawatt photovoltaic power plant being built in San Luis Obispo County, Calif. -- will have the capacity to generate enough renewable energy to power about 160,000 average homes. Pacific Gas & Electric Co. will purchase the electricity under a 25-year power purchase agreement.

First Solar has agreed to construct, operate and maintain the Topaz project for MidAmerican, an energy services provider. Construction is expected to be complete by early 2015.

First Solar said in October it intended to reduce spending next year and was looking at opportunities to reallocate overhead expenses to fund increased investments in research and development, among other things.

The company reported its third-quarter profit climbed 11% but badly missed expectations despite a 26% jump in sales.

Shares were trading 3.6% higher at $47.75 premarket. The stock has fallen 65% so far this year through Tuesday's close.