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

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