steveny

4 Comments

    • ON: Thu May 8th 08:21 AM
      Commented on:
      First Solar: Large Intangible Assets and High PEs Go Together
      Anyone ever been to the NE??? The sun doesn't shine here. Solar does not work at night, wind does. Who is going to shovel the snow off the panels every morning in the winter? It's a lot of surface to clean. FSLR is not building solar cars they are building panels for the electric grid so FSLR is not solving anything with oil or transportation. Eventually GE will either crush FSLR or just buy them out when they fall back. If FSLR is such a screaming value why is almost every single insider selling and selling like crazy? FSLR is way over valued.
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    • ON: Sun May 4th 14:33 PM
      Commented on:
      How Much are You Willing to Pay for First Solar's Growth?
      I also want to add that I believe the price increase on the earnings report was all most pure weak shorts covering. The sell off that came the next day also points in this direction. The price correction we saw on Friday was buyers who thought they were getting a bargin but they are about to have their lunch handed to them. It may take a few months for FSLR to correct to lower levels but that correction is all most a definate. Even longs are exiting at this point looking for a lower re-entry level. Much of the momentum is gone out of this stock.
      I for one will probably never use solar panels. I live in the NE and we don't get much sun. Furthermore I will not and do not have the time to clean the solar panels. I also will not put a product in or on my house that will possibly leak a toxic substance.

      The big players will control this sector anyways, in the end. XOM and COP will not allow some company like FSLR to take away their customer base. When solar is finally widely accepted and cheap the big players will run the show. At this time I do not know of one person, not one that has a solar panel on their home, yes I know FSLR doesn't make home systems. Doesn't matter what I am getting at is solar is not accepted yet and it's going to be a long time before it is. I have quized a group of people from 18-84 and not one of them thinks solar is widely accepted ao a good idea.

      Like a quote I read it's like broccoli ice cream. Ice cream is good but not in broccoli flavor. Solar is good but not with toxins. The US will not allow toxic solar panels to be used inside the us.
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    • ON: Sun May 4th 14:11 PM
      Commented on:
      How Much are You Willing to Pay for First Solar's Growth?
      and I am not covering until it's under 200. I just wish the calls were cheaper so I could lock in the profits on the way down.
      View article »
    • ON: Sun May 4th 14:09 PM
      Commented on:
      How Much are You Willing to Pay for First Solar's Growth?
      I highly doubt you will get a chance to short above 285 again.

      I am short 400 shares at 293.xx
      View article »
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