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Shorting Ford and First Solar F and FSLR
- Thread starter jackstone54
- Start date
Eh I am probably wrong on these calls, so please don't take trades based on what I say as I am frequently wrong.
My logic is based on two things:
FSLR is the solar leader. The retracements in STP and SPWR were no where near as strong as the one in FSLR, falling short quite a way from getting back to old highs. Therefore, the rally in FSLR is not due to general conditions for solar but rather something going on behind the scenes in the stock itself (which we do not know about). A general cannot lead without its troops. This is similar to looking at all the grains when trading commodities (ie. looking at oats and corn, or even nat gas and coal - not just oil)
We are in a bear market so I would look to be short anything on a primary downswing, and as FSLR is a momentum stock it will go down quite a bit when the overall market goes down. Between you and me, this is arguable as your definition of a bear market may be different than mine. But that's how I see it.
My logic is based on two things:
FSLR is the solar leader. The retracements in STP and SPWR were no where near as strong as the one in FSLR, falling short quite a way from getting back to old highs. Therefore, the rally in FSLR is not due to general conditions for solar but rather something going on behind the scenes in the stock itself (which we do not know about). A general cannot lead without its troops. This is similar to looking at all the grains when trading commodities (ie. looking at oats and corn, or even nat gas and coal - not just oil)
We are in a bear market so I would look to be short anything on a primary downswing, and as FSLR is a momentum stock it will go down quite a bit when the overall market goes down. Between you and me, this is arguable as your definition of a bear market may be different than mine. But that's how I see it.
jackstone is full of it
FSLR is a good short... 30% Short fall from current price is possible.
I wouldnt go long until 5% past the last top. FSLR made it to that 5% with a few pennys but quickly turned back.
Ford missed that 5% by a few pennies.
Futures in the red now so I would wait before celebrating that I was wrong on this call.
Ford missed that 5% by a few pennies.
Futures in the red now so I would wait before celebrating that I was wrong on this call.