ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) In the middle of the trading day on October 25, First Solar (FSLR) abruptly announced the departure of CEO Rob Gillette: {snip} This terse statement lacking background information sent FSLR’s stock reeling into a one-day … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Solar stocks have been in freefall since last peaking in the Spring. There was some lingering hope that demand would pick up in the fourth quarter as companies rushed to take advantage of fading subsidies, … Read more
I thought I had written my last piece on Evergreen Solar when it filed for bankruptcy in August. Perhaps this one will truly be the last. On October 11, Hilco Industrial, a company that provides industrial capital asset acquisition and disposition services, announced that a bankruptcy judge has granted the company permission to auction off … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Apparently, First Solar (FSLR) executives agree with my assessment that their company’s shares are undervalued…and now the company has officially launched its PR campaign to spread the word. After the close of trading, FSLR announced … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) ReneSola (SOL) went from a tremendous 2010 – gaining 84% and as much as 206% – to a complete collapse in 2011. On the heels of several disappointing earnings reports this year, SOL has dropped … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The shorts completely nailed solar stocks across the board in 2011. {snip} Please click on the charts to enlarge them. Source: NASDAQ.COM Solar bears have been very vocal, and very correct, in predicting a severe … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) “On August 15, 2011, Evergreen Solar, Inc., a Delaware corporation (the “Company”), pursuant to the provisions of the United States Bankruptcy Code (the “Bankruptcy Code”), filed a voluntary petition in the United States Bankruptcy Court … Read more
July has continued a healthy recovering from the June lows for many stocks. However, some stocks have remained stuck in stock market purgatory. Today’s chart review shows two examples of this dichotomy. The extra bonus is that the stock in recovery mode, Caterpillar (CAT), has apparently topped while the stock stuck in purgatory, LDK Solar … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On Friday, July 15, Evergreen Solar (ESLR) filed a Form 8-K with the SEC to announce that the company has suspended payment of $4.1M in interest on some of its debt. If interest remains unpaid … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On July 11, GT Solar (SOLR) fell 4% in the wake of an ominous headline from Solarbuzz® titled “PV Equipment Spending to Fall by Nearly Half in 2012.” This article is a synopsis of Solarbuzz’s … Read more