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 on April 23, 2012. Click here to read the entire piece.) Last week, First Solar (FSLR) cited a “…lack of legislative support for utility-scale solar projects in Europe” for a significant shutdown of manufacturing facilities in Europe and Malaysia. FSLR is also … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 7, 2012. Click here to read the entire piece.) When Energy Conversion Devices (ENERQ.PK) filed for bankruptcy in mid-February, I wrote “The Solar Fun Is Done For Now.” I should have also said that the “horror show has just begun” … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 27, 2012. Click here to read the entire piece.) GrafTech International Ltd (GTI) is a small company with a $1.86B market cap whose fourth quarter and full year 2011 earnings report shed additional light on the weak solar sector and … Read more
It only took a day or two for First Solar (FSLR) and SunPower Corporation (SPWR) to confirm the bearish pattern I pointed out after the recent post-earnings celebration for SPWR. The charts below show rapid follow-through from the big fades that followed huge up days in each stock. Source: FreeStockCharts.com Note well that the bears … Read more
A funny thing happened after I declared the “fun is done” in solar stocks: Suntech Power Holdings (STP) pre-announced higher than expected revenues and financial results for its fourth quarter, and SunPower Corporation (SPWR) reported earnings that gave solar traders and investors fresh hope. At one point, SPWR broke out from a nice consolidation above … Read more