Also, I forgot to add that I read the tape and FSLR was showing a little short term strength but I'm bearish on the whole market so I don't expect FSLR's strength to completely hold.
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Shorting Ford and First Solar F and FSLR
- Thread starter jackstone54
- Start date
Good to know am not only one fighting the tape on FSLR. Kinda reminds me of last year's battle with CROX. Some stocks just scream to be shorted. But needs one more signal, the IC spread( Investors Chronicle-United Kingdom) spread, whenever IC does a quasi editorial on a sector or asset type it means you are about 6-8 weeks away from a top !
this is a text book example as to how guys blow out their accounts. there is absolutely no reason (as of now) to be short FSLR. if anything the chart is still very bullish;a small consolidation(bull flag) after the big run.you could get in a short on a break of 263 and covering near 255.shorting right now based on fundamentals is foolish;don't do it,its an amateur move.
"purchased around 7 or shorted around 7?Quote from jackstone54:
Both of these stocks have failed to get over their previous high. There is an obvious cup-like formation on the charts. When price fails to get above, then there is usuall a pullback.
Im setting my exit price for half the height of the cup and will look for a turning point then.
Fords closing price on Friday was 6.69, but I shorted above that closing price. I had been averaging up my Ford short from 6.28 with a sizable portion purchased right around 7. I do own the calls to limit downside to the trade.
First Solars closing price on Friday was 268. I had been shorting all the way up to the top of the cup with a sizable short right around the 280 area. I do not own calls or puts for First Solar.
Quote from Warrior4g:
this is a text book example as to how guys blow out their accounts. there is absolutely no reason (as of now) to be short FSLR. if anything the chart is still very bullish;a small consolidation(bull flag) after the big run.you could get in a short on a break of 263 and covering near 255.shorting right now based on fundamentals is foolish;don't do it,its an amateur move.
Well the insiders at FSLR seem to be seeing some reason to sell!!! Check out all the insider activity as of late.
http://www.secform4.com/insider-trading/1274494.htm
I'm short tomorrow morning with a fairly tight stop.
Quote from HighImTom:
Well the insiders at FSLR seem to be seeing some reason to sell!!! Check out all the insider activity as of late.
http://www.secform4.com/insider-trading/1274494.htm
I'm short tomorrow morning with a fairly tight stop.
First off - insider buying and selling should NOT be used for short-term timing purposes
It has some value if you are trading for longer-term periods (i.e. 3 mo - 6 mo out)
But remember TMA (Thornburg Mortgage) - insiders were buying and the stock collapsed
I covered my position in FSLR and took some heat from the gap up but I am up over 30 points on my short ISRG position.
As a rule I am out on FSLR. I would like to see the volume and where we close the day, so I will be keeping an eye on the tape. It's very likely I will put out my short at a later time, though probably not today.
As a rule I am out on FSLR. I would like to see the volume and where we close the day, so I will be keeping an eye on the tape. It's very likely I will put out my short at a later time, though probably not today.
After looking it, I am almost positive of some very crafty selling in FSLR. I would go ahead and either put on a short on FSLR at these levels with a very tight stop, or wait quite a bit later when FSLR is down 10, 20 points from these levels for a sure thing. An even surer play is to short other solar candidates like STP or SPWR, the whole solar party is over.