Chungst

Options Trader: Wednesday Outlook

"Yes, I was wrong about the amount per Kg and I will say so but that doesn't change the fact that there is not enough tellurium on the planet earth for this company to fulfill their business model - the one that people are investing in."

Mr. Davis, you were off by a factor of at least 6 times, almost 7 times in your analysis (difference between 2,060 and 300) -- and you don't consider this a material issue (thank goodness you don't design bridges, help build airplanes, etc). Wow.

That comment speaks volumes about you being a gunslinger.

Cheers.

Options Trader: Wednesday Outlook

Mr. Davis:

You wrote: " FSLR’s panels require Tellurium and it is a very rare metal that was $10/Kg when FSLR started using it in 2004 but ran up to $860 last year and, as of April 9th, was selling for $2,060 per kilogram (sic)!" and quoted the following article " seekingalpha.com/artic... " as your source.

However, when I read that article, its uses "Yuan" and not US Dollars as the relevant currency. Here's the exact quote: "The charts show that tellurium price staged an incredible rally since mid January, raising from 860 yuan to 2100 yuan per kilogram, or US$300 per kilogram, a raise of 2.44 fold in less than three months. Tellurium went from US$10 a kilogram in 2004 to now over US$300."

This clearly shows you are playing fast and loose with the numbers. It was 860 YUAN (not 860 USD) per kilogram in mid January (not at end of last year). It went from 10 USD per kilogram in 2004 to over 300 USD today as written in Mr. Anthony's article.

In summary, Mr. Davis you need to check the investment thesis for your trade, especially since you failed to discern the difference between $10 and $300 as opposed $10 and $2,060, respectively. To most people, myself included, $300 is not even close to $2,060.

Cheers.