ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Solar investors and traders know the post-earnings routine all too well by now: 1) solar company releases earnings, 2) after hours trading initially sends the stock up on stellar headline results for the last quarter, 3) and then trading sends the stock into negative territory once guidance rolls across the tape or during the conference … Read more
First Solar (FSLR) reports earnings tonight, and short interest is at a record high. Data from nasdaq.com. Latest update January 29, 2010 This short interest represents about 36% of FSLR’s float. Toss in negative news flow and for the first time in a long time, negativity is running extremely high going into FSLR’s earnings. As … Read more
Bottom-fishing is always a risky business, but sometimes it is worth a try. This is the case with First Solar (FSLR) which has printed several profitable bottoms in the past two years. After dropping for 11 consecutive days, FSLR finally managed to close with a gain on Tuesday. The 3% increase came on volume almost … Read more
In early September, First Solar (FSLR) signed a deal with Ordos City, Inner Mongolia, China for a major solar farm project whose 4 phases will run until 2019. This week, FSLR and Ordos City signed a “Cooperation Framework Agreement” which… “…spells out additional project details and local support that advance the development of the 2 … Read more
Thursday’s stock market sell-off could finally be the start of the sharp Fall correction I have speculated about in various forms for months now. The extent of the technical damage and the heavy distribution of stock certainly seem to have put a ceiling on stock prices for now. Solar stocks were heavily hit as speculative … Read more
Today has been a wild day in the financial markets, and I almost hesitate to jot down my thoughts before the close of trading. However, I will be shutting things down to get the weekend started as soon as possible, so I am writing now while thoughts remain fresh. There is no one theme I … Read more
September has been very kind to solar stocks as most have awakened from summer doldrums and slumber to rise with the rest of the soaring stock market. This new raging fire has motivated me to get more active in trading solar stocks as well, even as it has sometimes been very difficult to keep up … Read more
This past earnings season for solar companies was a general disappointment if measured by stock performance after the earnings releases although the season started with a bang when Sunpower (SPWRA) issued surprise guidance and generated a one-day, 29% pop in price. I wanted to review the conference calls of all the major, publicly traded solar … Read more
First Solar (FSLR) wasted no time in securing a deal from China. One day after announcing the arrival of senior Chinese government leaders from the Standing Committee of the National People’s Congress of China, FSLR announced that it had secured a major contract in Inner Mongolia. This 2 gigawatt desert solar power plant is exactly … Read more
Even as angry and restive voices grow louder and louder for confronting the Chinese assault on the global solar market, First Solar (FSLR) is hosting a delegation of senior Chinese government leaders from the Standing Committee of the National People’s Congress of China to talk shop on solar. FSLR’s press release states that the delegation … Read more