Reading BusinessInsider this morning as usual, I came across a link to Whitney Tilson's interview warning about 3stocks that are ready to collapse. I was familiar with all three tickers, FSLR, NOK, & RIMM because I have been following them since they were downgraded at Stockdiagnostics.com over the past year.
Below are the posts on all three stocks that I shared on my website this morning.
April 21,2012First Solar, Inc. (NASDAQ:FSLR) closed at an all time low this week @ $25.12. Stockdiagnostics downgraded FSLR @ $128.51 on May 10,2011 after the company reported 1st quarter financials for the period ending March 31,2012. In less than a year since the downgrade, shares have fallen $108, an 84% decline.
click to FSLR Stockdiagnostics OPS chart
Research In Motion (NASDAQ:RIMM) traded at an 8 year low on Monday and closed the week @ $13.34. Stockdiagnostics downgraded RIMM @ $21.68 on September 26,2011 after the company reported FY2012 2nd quarter financials for the period ending August 31,2011. Since the downgrade 7 months ago, shares have declined 38% vs. the S&P500 index which has gained 18.54%.
click to RIMM Stockdiagnostics OPS chart
Nokia Corporation (NYSE: NOK) closed the week at a 5 year low @ $3.70. Stockdiagnostics downgraded NOK @ $8.17 on April 25,2011 after the company reported 1st quarter financials for the period ending March 31,2011.
In 1 year since the downgrade shares are down 55%.
click to NOK Stockdiagnostics OPS chart
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.