Yep, with help like this, who needs any enemies. SPWR and FSLR are clearly in bear market. Clearly. Heavy selling on good news is a sure sign the bubble has burst. SPWR is breaking through it's 10, 21, 50 and 200 day MA. FSLR formed a bear flag pattern yesterday. These will shoot down to reasonable p/e ratios. Look for them to lose at least 50% in the next two weeks.
Solar Energy: Help Is on the Way [View article]
SPWR and FSLR are clearly in bear market. Clearly. Heavy selling on good news is a sure sign the bubble has burst. SPWR is breaking through it's 10, 21, 50 and 200 day MA. FSLR formed a bear flag pattern yesterday. These will shoot down to reasonable p/e ratios. Look for them to lose at least 50% in the next two weeks.