Short Idea: FSLR
[[FSLR]] First Solar
- Every time stochastics got to the current levels, stock sold off
- Similarly, every time it bumped against the top Bollinger Band, it sold off
- It went up 70% in less than a week
- California Proposition 10 failed to pass (alternative energy bill)
- Obama elected – though pro-alternative energy choice, sell on the news
- Conclusion – prime short candidate
- Target – 10dma, currently $140