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Wall Street's Half-Reports - Part 3

There are two articles on
Part 3 was submitted to SeekingAlpha on Tuesday, July 19th, 2011. After a number of e-mail messages back and forth, SeekingAlpha informed me on Monday, July 25th that they will not publish this article as it is focused on critiquing Wall Street.
You can read Part 3 below:
"Wall Street Half-Reports on Solar - Part 3"
The most dangerous untruths are truths slightly distorted.
- G. C. Lichtenberg
Ben Graham worked on Wall Street for 44 years, wrote the bookIntelligent Investorand was Warren Buffets teacher, employer and mentor. Here is a commentary from the book:
Overall, Graham was as tough and cynical an observer as Wall Street has ever seen. In this rare case, however, he was not nearly cynical enough. Wall Street may have higher ethical standards than some businesses (smuggling, prostitution, Congressional lobbying, and journalism come to mind) but the investment world nevertheless has enough liars, cheaters, and thieves to keep Satan's check-in clerks frantically busy for decades to come. The thousands of people who bought stocks in the late 1990s in the belief that Wall Street analysts were providing unbiased and valuable advice have learned, in a painful way, how right Graham is on this point.”
As I have commented before, the Oscar winning documentaryInside Jobexplains how Wall Street and Washington are rife with fraud, corruption and criminals. It explains that even the supposed un-biased economic professors from Ivy League universities, including Larry Summers, cannot be trusted because Wall Street pays them to write reports. At his acceptance speech, the producer reminded us that three years after our worst financial meltdownnot a single financial executive has gone to jail.”
A journalist is supposed to be objective, un-biased and give you the straight goods. Ideally, they are supposed to work for you. However, this is not always the case, according to the documentaryThe Corporation”. The reporters are biased or quite often distort their information.

I asked Herb Greenberg of CNBC if he is a journalist or investment advisor. He told me that he is ajournalist”. Yet, he has a strong bias against solar stocks.
I am biased, but I'm not a journalist. I have an agenda, but its not a hidden agenda because I have disclosed that I am long JASO. For proper compliance, when a person comments about a stock, he should disclose as to whether he owns that stock or a related stock. As an example, if the commentator is giving bearish (or bullish) comments about GM, he should ideally disclose whether he owns Ford as well.
How about the journalists who work for Wall Street firms that report negatively about certain stocks? I have not seen disclosures on any of the following:
  • Do they own any related stocks?
  • Are any of their family, friends, associates or hedge fund managers shorting the stock?
  • Has anybody pressured them to report with a certain bias?
Maybe you can show me where these disclosures are.
IBM was a leader in corporate sales, especially in the 1970s and 1980s. In their sales training, IBM used to teach their sales reps on how to use FUD (Fear, Uncertainty or Doubt). By spreading FUD about competitors, IBM was able to get customers to be scared of buying from a competitor. It was an effective scare technique.
FUD is also quite effective for short sellers.
The abundance of negative and FUD articles about predictions of over-capacity, over-supply, European subsidy cuts, falling margins, falling prices, falling demand, falling prices, etc., etc., certainly helps the short sellerscause, and there are a lot of short sellers of solar stocks. According to Eric Rosenbaum of
April 29, 2011 article: “…analysts noted that JA Solar is one of the most highly shorted names in the solar sector as a percentage of its float -- more than 28 million shares short, according to the latest Nasdaq data, of an 83 million float share total.”
Jan 5, 2011 article: “Short interest on outstanding GT Solar shares remains high, with roughly one-quarter of its 40 million shares held by short investors. As of the last Nasdaq short interest report on Dec. 15, there were 11.8 million shorts against GT Solar.”
As explained inPart 2of this article, Wall Street analysts and media have been spreading FUD about solar since 2009.

Jim Cramer, who is the co-founder, largest shareholder, editor and Chairman of (according to Wikipedia), can getinfuriatedat negative media bias. See this YouTube video of Jim Cramer. He says the negative articlestwist the facts in order to be negative”.
According to
Since its inception in 1996, TheStreet has distinguished itself from other financial media companies with its journalistic excellence, unbiased approach…”
This is interesting because I have seen Jim Cramer say that every commentator is biased and has an agenda. Also, Eric Rosenbaum, the energy reporter from publishes a lot of negative articles about solar. So, I entered this Google Search: eric rosenbaum solar

From the search results, I clicked on the first link which took me to website, showing 156 pages of articles. I went through these to find the solar related articles for 2011 (see list below and my comments). From these, the majority of them were negative about solar. Amongst the positive articles, many of them were about U.S. solar companies, which is interesting considering that most of the solar stocks are Chinese and the Chinese companies have surpassed the U.S. companies in market share.
In Rosenbaums articles, he did not mention any of the following:
  • EPIAs numbers which showed significant growth from 2006 to 2010 (Part 1).
  • EPIAs forecast which showed significant growth until 2015 (Part 1).
  • EPIAs statement that Chinese solar companies grew their market share from 15% in 2006 to 50% in 2010 (Part 1).
  • Chinese solar companies grew their revenue and profit faster than most companies on the NYSE and Nasdaq.
  • Chinese solar companies grew their revenue and profit faster than the U.S. solar companies, Netflix, LinkedIn,,, Akamai, Amazon, Apple, Google, Baidu, Oracle, etc.
  • Despite the huge growth, the P/Es of Chinese solar stocks are 2 to 4, whereas the P/Es of value stocks are higher and the P/Es of U.S. solar stocks are 17 to 44. (Doesn't this seem strange? Why doesn't Rosenbaum investigate into this?)
  • CEOs and the U.S. government at Intersolar North America want to reach at least 200GW by 2020.
You would think that any of the above points are newsworthy of multiple articles.
If Chinese solar companies have done so well, compared to most other companies, you would think that there would be more positive press.
Why isnt Jim Cramer infuriated at Eric Rosenbaums negative press? I do not recall seeing Jim Cramer reprimanding Rosenbaum. Is Jim Cramer infuriated at negative press only when it works against him?
CNBC had the motto: “In Cramer We Trust”. Can Jim Cramer, Chairman of, be trusted? Not according to Jon Stewart of the Daily Show (Comedy Central) who hammered Jim Cramer and CNBC during their fight in 2009. You can watch some of the fight here, showing Jim Cramers track record.
The full interview of Jim Cramer is a must-see. Jon Stewart exposes Jim Cramer as a perpetuator of shenanigans and a stock manipulator, by showing a video of Jim Cramer being interviewed with " TV" logo. Here are some excerpts:
Cramer: A lot of times, when I was short at my hedge fund and I was positioned short, meaning I needed it down, I would create a level of activity beforehand that could drive the futures. It doesn’t take much money.

Cramer: You can’t create yourself an impression that a stock’s down. But you do it anyway ‘cause the SEC doesn’t understand it. That’s the only sense that I would say this is illegal. But a hedge fund that’s not up a lot really has to do a lot now to save itself.

Cramer: Yeah. Apple’s very important to spread the rumor that both Verizon and ATT have decided they don’t like the phone. It’s a very easy one to do because it’s also you want to spread the rumor that’s it not gonna be ready for MAC World. This is very easy ‘cause the people who write about Apple want that story, and you can claim that it’s credible because you spoke to someone at Apple, ‘cause Apple doesn’t –

Interviewer: They’re not gonna comment...
Cramer: It’s just fiction and fiction and fiction. I think it’s important for people to recognize that the way that the market really works is to have that nexus of hit the brokerage houses with a series of orders that can push it down and we get to the press and then get it on CNBC. That’s also very important.
As in this article, Jim Cramer explains how to create lies, spread false rumors/FUD in the media and manipulate markets:
[Jim Cramer] calls it "a fun game, and it's a lucrative game." He suggests all hedge fund managers do the same. "No one else in the world would ever admit that, but I could care. I am not going to say it on TV," he quips in the video.
He also calls Wall Street Journal reporters "bozos" and says behaving illegally is okay because the SEC doesn't understand it anyway.
Here are some gems:
-On manipulating the market: "A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down,I would create a level of activity before hand that could drive the futures,"
-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."
-On the truth: "What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view - it is important to create a new truth to develop a fiction," Cramer advises. "You can't take any chances."
Here is the full transcript.

some of the staff at learning from the master in spreading rumors and claiming to have spoken to people/companies that they really havent?
Jon Stewart laced into Jim Cramer. Stewart said he and Cramer are both snake-oil salesman, only "The Daily Show" is marketed as such. He also said:
I cant tell you how angry that makes me. Because what it tells me is that you all know. You all know whats going on. You can draw a straight line from those shenanigans to the stuff that was being pulled at Bear and at AIG
You knew what the banks were doing and yet were touting it for months and months. The entire network was. Now to pretend that this was some sort of crazy, once in a lifetime tsunami that nobody couldve seen coming, is disingenuous at best and criminal at worst.”
Why would anybody trust a media firm where its co-founder, largest-shareholder, editor and Chairman admitted to and explained how to lie, spread rumors and manipulate stocks?

At these videos, Jim Cramer explains how the game works:
"...the bears have to shoot first in order to color the earnings and get you frightened into selling. If you're not frightened, you won't panick. When the quarter comes out, it's absolutely imperative that the bears lie. It's imperative that they plant stories in the media that will then send the stocks down regardless of how great the earnings are. It's a life or death struggle out there, and the truth is the first casualty. Don't believe me? Think I'm being too cynical? Can't believe the system could be so corrupt or stupid that the regulators aren't out to help you, that the SEC is not all over this? Now come on. I've been in this game for decades and trust me, when the bears are out to destroy a stock, for a very brief time, they can do it. This is how it's played. A quarter isn't immediately defined by the numbers. It's defined by whoever manages to convince the press and the street that it was good or bad, but knocking the stock down, by selling or buying and then planting stories. To heck with the numbers. This is what's called painting the tape in the business and the bears will paint the tape bright red, as in SELL! It's what they do...after they do this, after they push the stocks down, after the analysts come in with their number cuts and they react to the same thing. They see the stocks go down and they panic too so then they downgrade. That's the kind of game that we're in."
The above scenario seems familiar with the solar stocks.

if you are a hedge fund manager and you needed to spread rumors and lies to drive down prices? It would seem ideal if you controlled a media firm that can help you spread those rumors and lies.
This blog explains in further detail, Jim Cramer's shady past and how he makes money by using CNBC to help manipulate stocks and drive prices down with naked shorting:
"This is Cramer's big secret. He figured out early that the way to make money betting on stocks was to rig the game - control the news and you control a stock's value. Now he has his own TV show."
Here is another blog that explains how Jim Cramer manipulates stocks:
Maier worked for Cramer until 1998, then left and wrote a tell-all book about his years with Cramer: Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street.
Trading with the Enemy is replete with examples of how analysts release information to favored insiders before a formal report is released. Maier recounts a social evening with a Smith Barney analyst. The analyst tells Maier that the Smith Barney analyst is going to change a “hold” rating on a stock to a “buy,” then adds this:
[Smith Barney analyst:] “Listen, Sherlock, just remember one thing. If you’re going to buy it, buy it with us. We get a cut of every trade you do in the stocks we cover."

[Maier:] Thus there was a quantifiable reason that such information was ‘leaked’ to good clients like Cramer & Company. This senior analyst received a direct kickback from getting Cramer & Company to traffic in stocks his company covered. Joe helped me to make money, and I was expected to return the favor. By the time the stock was upgraded from a hold to a strong buy, Cramer & Company had bought fifty thousand shares. All the trades were placed with Smith Barney. (Trading With the Enemy, page 90.)
Note the consistency in this progression from Michael Steinhardt to Karen Backfish to Jim Cramer. Steinhardt had a taste for “The Edge,” that is, knowing what analysts were going to say before the public knew. Then for Karen Backfish and Jim Cramer the Edge became telling analysts what to say. Eventually Cramer’s “edge” became writing the news himself and having it appear in his own columns, or spoon-feeding it to compliant reporters who would regurgitate it on cue.
What about Do people make trades immediately before releases articles? According to the above blog:
"A question the reader might ask at this point is, did these hedge fund managers (Cramer and Rocker) own because they thought it would be a good investment? Or is there anything in our story thus far that would suggest a benefit a money manager might enjoy in not just knowing what analysts are going to say before they make it public (e.g., Steinhardt’s “Edge”), not just being able to count on CNBC’s Maria Bartiromo to regurgitate tips she is passed, or even, writing one’s own columns in SmartMoney (i.e., Cramer’s techniques in the 1990’s), but in becoming an actual publisher of financial news?"
This blog explains how journalists can fail you and describes the shady characters at
"...if you have seen a negative story about a public company in recent years, the odds are greater than even that it was written by a friend-of-Cramer.


Many of Cramer’s friends are former employees of, a financial news website substantially owned by Cramer. They have included the editor and top columnists for The Wall Street Journal “Money & Investing” section, top business writers for The New York Times, reporters at Fortune magazine and BusinessWeek, the editor of The New York Post business page, the editor of MSN Money, and others. Herb, a CNBC commentator and a star columnist for, was among the founding editors of – “Murderers Row,” they called themselves.

I have analyzed well over a thousand stories written by this clique of journalists. The vast majority of them were sourced from a small group of short-sellers who are also friends of Cramer. Other popular sources for this group of journalists include convicted felons, mobsters, dubious private investigators, crooked lawyers, hired stock bashers, and gun-toting goons – most of whom are tied to the Cramer constellation of short-sellers.


in February 2006, the Securities and Exchange Commission would like to know whether a financial research shop called Gradient Analytics conspired with short-selling hedge fund disseminate false information about public companies as part of a scheme to manipulate stock prices. The investigators believe that Jim Cramer and Herb are central to this conspiracy and have issued them both with subpoenas. got a subpoena, too.


A guy named Jon Markman was for some time running a hedge fund out of Gradient’s back office. So-called “independent” research shops aren’t supposed to run hedge funds. If Markman was trading in advance of Gradient’s research and Herb’s stories, as the firm’s former employees claim he was, this is yet another jailable offense....Markman is one of Herb’s close friends. He was, along with Herb [Greenberg], a top editor of"
The above blog also explains how short sellers create FUD by attacking margins. pokes incessantly at solar margins.

s also interesting is what Jim Cramer said in the YouTube video about negative media bias:
“…heres the saving gracethe articles knock prices down to levels we simply dont deserve when we go to buy them.”
If you agree with this SeekingAlpha article, recommend it and share it with others. Use it to rebut commentators, especially those who make predictions. Even though SeekingAlpha is reputable and has reach, Wall Street media firms still have a lot of power to influence or mislead. Tell SEC (at this link) to investigate. If enough of you do, they might actually do something.
List of solar-related articles from Eric Rosenbaum of
  1. In Solar Downturn, Governance Concerns Rise Read the comments at the bottom of this article accusing Rosenbaum of spinning the news. Rosenbaum quotes a lot of negative FUD from the Intersolar conference. However, he doesnt quote that CEOs and the U.S. government from Intersolar North America want the world to reach at least 200GW by 2020, even if it is a big challenge. 
  2. Trina Shares Sink on Audit Committee Shakeup, A-Power Link
  3. Solar Losers: JA Solar's Flash Crash Eric Rosenbaum spreads FUD about polysilicon prices. “Part 2of this article applies to and rebuts Rosenbaums article as well. To explain the oppressed prices of Chinese solar stocks, Eric Rosenbaum uses the Chinese Reverse Mergers as a cause. However, he should know that most Chinese solar stocks are not reverse mergers. He should also know that BIDU, SINA and MPEL are Chinese and their stocks have soared. He does not give the slew of negative articles as a possible cause of the oppressed Chinese solar stocks. Instead, he spreads FUD by stating

    The Chinese stock sector has been hit by the wave of reverse merger accounting scandals, with a wide variety of stocks targeted by short-seller research firms, including Muddy Waters and Citron Research.”
  4. Solar Losers: Guidance Revisions Begin
  5. Spotlight on Solar: China Watch Rosenbaum claims that there are extreme positives and extreme negatives with Chinese solar stocks. Im not able to find any reporting that show the extreme positives. You might have better luck. He continues to spread FUD about Chinese solar companies in the video
  6. JA Solar Deal: Better for Chairman or Holders?
  7. Solar Winners: First Solar, Trina, Yingli (Positive)
  8. First Solar Rally May Signal Worst Is Over (Positive for U.S. solar company)
  9. LDK Solar Buyback: More Than a Gesture? This should be a positive article but he spreads FUD
  10. 5 Solar Short Plays From Gabelli's Segrich
  11. U.S. Solar Market Faces Funding Crisis (FUD)
  12. Solar Winners: First Solar (Positive for U.S. solar company)
  13. Solar Winners & Losers: Double-Edged Positives (FUD and bearish summary)
  14. Solar Sector Breakdown: China Watch (FUD) He is still spreading FUD with inventory glut, which has been used as FUD since 2009
  15. Google Writes a Big Solar Check (Positive for SolarCity, a U.S. company)
  16. Solar Winners: LDK Solar (Positive)
  17. Suntech Adds to Bullish Solar Shipment Guide (Positive with FUD)
  18. Solar Losers: LDK Solar
  19. A Little Less DoE Money Left for First Solar...Maybe
  20. Solar Earnings: Yingli Earnings in Trina's Shadow (Negative)
  21. Trina Solar and the New Solar Reality: Green Energy Stocks
  22. Solar Winners: GT Solar's Biggest Order Ever (Positive for U.S. solar company)
  23. Power-One: Solar About 2019, not Europe 2011 (FUD)
  24. Germany Takes Aim at Solar, Again
  25. SunPower to Revise Outlook; Italy Weighs
  26. Solar Losers: Evergreen Solar on the Brink
  27. Canadian Solar Shipments Up, Margins Down (Positive and Negative)
  28. Solar Winners & Losers: Yingli, Trina, Jinko Even though the title isSolar Winners & Losers”, most of the article was negative or FUD. Also, Rosenbaum writes: “Is there a chink in the armor of the Tier 1 Chinese module makers?” Is Rosenbaum trying to pretend that hes not being offensive by using the wordchinkwithin an old expression? Niggard is also an English word to describe somebody who is cheap, but nobody would use that word anymore. Kike is an old Yiddish word to describecircle”. I would think that if somebody wroteis there a weakness in the kike of Jewish companies?”, somebody would be screaming anti-semiticism and calling for the resignation of the author
  29. Solar Winners & Losers: JA Solar, Trina Solar Even though the title isSolar Winners & Losers”, most of the article was negative or FUD. 
  30. Is Italy's Last Solar Gold Rush Doomed?
  31. MEMC Bottom Line Hit; Guidance Reaffirmed Positive for U.S. solar company, MEMC, even though it is one of the worst performing solar companies
  32. CNBC, Jim Chanos Gang Up on First Solar
  33. First Solar Earnings: Bad Year for Back-End Loading
  34. 8 Reasons Why First Solar Is Getting Whacked
  35. First Solar Beats, Reaffirms Guidance (Positive, Negative and FUD)
  36. First Solar: 3 Earnings Keys (Negative and FUD)
  37. 5 Ways to Trade Total’s SunPower Gamble (Positive, Negative and FUD)
  38. Total to Take Majority Stake in SunPower (Positive for U.S. solar company)
  39. How Thin Film Plans to Beat Chinese Solar (Positive?)
  40. Solar Losers: ReneSola, Evergreen Solar
  41. LDK Solar Lowers Revenue Guide by $100 Million
  42. Solar Stock Losers: Jim Chanos Takes Aim at First Solar
  43. Solar Loans Spared by Congress Budget Ax (Positive for U.S. solar companies)
  44. 5 Reasons First Solar Shouldn't Worry About GE (Positive for U.S. solar company, First Solar)
  45. Move Over First Solar: GE Ups Ante in Thin Film (Neutral)
  46. Solar Earnings Watch: Power-One Lowers Guidance
  47. 3 Key Solar Stock Trading Triggers (Positive, Negative and FUD) This March 30, 2011 article states

    Time for the 2012 Oversupply Debate?” 

    explained inPart 2”, Gordon Johnson has been using oversupply as FUD since 2009. I would assume that in 2020, Wall Street will still be talking about oversupply. This article also states

    This increased level of production is causing higher prices for poly, which could affect margins in 2Q11," Credit Suisse's Kumar wrote on Monday.” 

    forward to July of 2011 and the media is talking about lower prices for polysilicon. Instead of publishing articles about how this is positive for margins of several solar companies, they publish articles about how this is negative for JA Solar
  48. Solar CEOs to Congress: Don't Ax Our Loans
  49. Solar Stock Winners: German Elections Propel Stocks (Positive, Negative and FUD) This article quotes U.S., German and Chinese solar stocks. This article states

    A few Chinese solar stocks that suffered recent setbacks after weak earnings announcements had their best trading day since mid-month on Monday. ReneSola (SOL), which had one of the biggest post-earnings declines in the solar sector, rose by 4% on Monday. Hanwha Solarone (HSOL) which recently pre-reported a revenue miss (after having hiked revenue guidance just a few weeks ago), was up more than 4% on Monday also.” 

    is it that only the Chinese solar companies haveweak earnings announcementsandrevenue misswhen the Chinese solar companies have grown faster and taken market share from U.S. and German solar companies
  50. Solar Investor? Test Your Solar IQ The quiz did not appear for me, but based on the comments from readers, it was positive and negative
  51. Solar Stock Winners: China Sunergy (Positive and Negative)
  52. Solar Stock Winners: Back to Blocking and Tackling (Positive and FUD)
  53. First Solar: China Watch Mail Bag (Positive, Negative and FUD)
  54. Solar CEO: Italy Risk Has Impact
  55. Solar Losers: Canadian Solar
  56. LDK Solar: Bulls and Bears Dig in Heels (Positive and Negative)
  57. Suntech Revenue Up, 2011 Guidance Unchanged (Positive, Negative and FUD)
  58. Italian Solar Market: Uncertainty Is Still the Rule (FUD)
  59. Solar Aims to Avoid Cap in Italy With Big Subsidy Cuts (FUD)
  60. Solar Winners & Losers: Italy Drops the Boom (Positive, Negative and FUD)
  61. Solar Stock Losers: The Impact of Italy
  62. Solar Stock Earnings: First Solar Declines
  63. First Solar Misses on Revenue, Hikes Profit Outlook (Negative and Positive for U.S. solar company)
  64. Solar Earnings: Few Surprises So Far (Positive and FUD) This article states

    SunPower said it's confident Italy won't be making any changes to its policy in 2011, or in the least, changes won't impact its business.” 

    shoots down SunPowers prediction by writing

    A measure of caution should be used with any company trying to predict Italian solar policy. For SunPower, if the company can say for sure that there won't be any significant policy changes in Italy in 2011, then they may as well go ahead and tell the world who will win the next U.S. presidential election.” 

    this is the case, then every prediction is useless. Instead, every solar analyst makes incessant predictions about European subsidy cuts, price falling, demand falling, over-supply, etc., etc., etc. They should tell us who will win the next U.S. presidential election. As shown inPart 2of this article, Gordon Johnson, which Rosenbaum has quoted in another article, has been wrong with his predictions since 2009. Why does Rosenbaum publish endless predictions that tend to spread FUD, if he doesnt believe in predictions? Instead of shooting down everybodys prediction, the very next sentence that Rosenbaum writes, is this

    An Italian solar lobbyist featured on a Morgan Stanley conference call this week said that changes could take effect in September 2011 or March 2012, and both time lines have been proposed by various entities within the government.” 

    predicts lower prices: “On pricing, Yingli towed the typical solar, saying pricing should be flat to slightly down in the first quarter, down a little in the second quarter, and in the second half of year, show a low single digit to mid single digit decrease.” 

    s interesting that Rosenbaum did not shoot down Yinglis predictions and ask Yingli to tell the world who will win the next U.S. presidential election. 


    The problem for these Chinese stocks is that most, like Trina, remain near the top of their recent trading charts and given the uncertainty in the market - though not among solar management companies - and the multiples at which solar stocks have traded, especially the low multiple Chinese stocks, putting new money into solar stocks at these levels could be tough for the faint of heart.” 

    he making a prediction that the stock may drop? 

    wouldnt be as muchuncertainty in the marketif Rosenbaum did not quote so many predictions from analysts. Also, he is cautioning investors about putting money into low multiple stocks. What qualifies Rosenbaum to be an investment advisor? Should investors put money into high multiple stocks instead
  65. Solar Earnings: Yingli Green Energy Beats (Positive)
  66. SunPower Beats, Hikes 2011 Guidance (Positive for U.S. solar company)
  67. Italian Solar Politics: 7 Burning Questions
  68. Soros Hedge Funds: Solar Stock Picks (Positive)
  69. Solar Losers: Jinko Solar
  70. Solar Losers: Advanced Energy Industries
  71. Solar Winners: Chinese Solar Stocks (Positive)
  72. Solar Winners: First Solar, SunPower (Positive and FUD for U.S. solar companies)
  73. Solar Winners: JA Solar, First Solar (Positive and FUD)
  74. Smokin Solar: China Watch (Positive and FUD)
  75. Solar Insider Selling: GT Solar
  76. Italy: De Facto Cap on Large-Scale Solar?
  77. First Solar Gets 3rd Downgrade in a Week
  78. Power-One CEO: $9 Shares Don't Make Sense
  79. Power-One Is Dead Money: Analysts
  80. SolarWorld: U.S. Demand Growth Underway (Positive for U.S. solar company)
  81. Power-One: Canary in the Solar Coal Mine?
  82. Power-One Takes 20% Dive
  83. Power-One's Volatile Profile: Earnings Preview (FUD)
  84. GT Solar Beats, Guides Higher (Positive for U.S. solar company)
  85. Put the Brakes on First Solar: Analyst
  86. Chinese Solar Wins a Big U.S. Solar Deal (Positive)
  87. MEMC's Big Rally: Why Is the Solar Stock on Fire? (Positive for U.S. solar company)
  88. Solar Winners: MEMC Leads Solar Rally (Positive for U.S. solar company
  89. MEMC Misses, Guides up for Full Year (Negative and Positive for U.S. solar company)
  90. JA Solar: Another Step in Vertical Integration (Positive and FUD)
  91. MEMC Q4 Preview: A Beat May Not Be Enough (FUD)
  92. Germany Won't Hike Solar Cuts Above 15%: Report (FUD)
  93. Solar Losers: Declines and German Noise Continue
  94. Solar Winners: LDK Solar (Positive and FUD)
  95. Solar Winners: Power-One, SunPower (Positive for U.S. solar companies)
  96. Solar Growth in Italy Walks Boom/Bust Line (FUD) Rosenbaum writes

    Chinese solar stocks that have rallied took a breather, with 5% to 6% losses in several stocks in the afternoon. Jinko Solar (JKS) led the way down with a loss of more than 11%. JA Solar (JASO) was down by close to 6%, while LDK Solar (LDK) was down by 7.5%. These stocks have all rallied extensively in recent weeks, and so, a haircut of this size in share price might be expected without any specific market noise.” 

    am waiting to read something like this from Rosenbaum: “Chinese solar stocks that have dropped so much, finally rallied. These stocks have lost 20-25% in the past 12 months, even though they grew their revenue and profits faster than most companies on the NYSE and Nasdaq, and so, a rally of this size in share price might be expected without any specific market noise.” 
  97. Solar Winners: First Solar, LDK (Positive and FUD) Rosenbaum quotes the same, repetitive predictions of FUD, but he does not caution you on this prediction

    There will be overcapacity in 2011, ASPs are already declining, the euro remains volatile, and government policy risks remain in many important solar markets”. 

    also wrote

    One solar analyst who did not want to be quoted on the continued rally noted that, "It's so short term with the outlook here, and people are probably thinking that the second quarter will be better than previously thought because of German pull in, but given how many variables of uncertainty there are in solar, I'm not convinced. Let me say I haven't seen a rush of long-only money coming in, and it still seems like a fast money trading vehicle for now."” 

    is this solar analyst? Did Rosenbaum really speak to him? Jim Cramer explained to the TV interviewer on how to create rumors by quoting somebody even without having spoken to that person
  98. First Solar Chart Looks Toppy: Analysts (FUD) Rosenbaum writes

    First Solar (FSLR) is right back near the top of an established trading range, and even for those dubious of technical trading triggers, one has to at least raise the question: Is it again time for a FSLR short? 

    would he ask if it is again time for a FSLR short? Why shouldnt FSLR stock go up when First Solar increased its revenue and profit every year since 2006, but the stock has flat-lined since end of 2008? 

    , the article, as in many, many articles, spreads FUD about the Italian subsidy cuts 
  99. Solar Winners: GT Solar Nabs LED Deal (Positive and FUD) Even though Rosenbaum shoots down positive predictions from solar companies, he makes a negative prediction to spread FUD

    The solar industry is expected to experience a year of slowing growth in 2011 

    What is especially effective with making negative predictions to spread FUD, is that if you are wrong, nobody can accuse you of lying. 
  100. Solar Winners: Chinese Solar Stocks (Positive and FUD)
  101. More Solar Subsidy Cuts on Deck in Germany
  102. Solar Winners: Jinko Solar, ReneSola (Positive)
  103. Solar Losers: Evergreen Solar U.S. Plant Shuttered
  104. SunPower: Best of Times, Worst of Times (Positive and Negative for U.S. solar company)
  105. Solar Winners: Amtech at 52-Week High (Positive for U.S. solar company) Rosenbaum writes

    In any event, the existing order backlog of Amtech Systems at $134 million indicates that at least for the next two to three quarters, the revenue profile of the company will be predictable.” 

    to JA Solars 2010Q4 report and reiterated in their 2011Q1 report, they expect 50% increase in shipments for 2011 and 90% of those shipments are already under contract. Rosenbaum never wrote that JA Solars revenue profile will be predictable or that most companies on the NYSE or Nasdaq wish they could have this kind of revenue outlook for 2011
  106. Solar Stock Winners: Solar (Finally) Feeling the Love (Positive and FUD)
  107. Solar Laying Tracks in Project Business (Positive and Negative)
  108. Solar Stock Winners: GT Solar (Positive for U.S. solar company)
  109. Solar 52-Week Highs: GT Solar (Positive for U.S. solar company)
  110. The Solar Mystery Market of 2011 Is...? (Positive and FUD) In this January 5, 2011 article, Rosenbaum is trying to find out which market will help solar continue growing in 2011. However, he does not report on EPIA’s explanation and forecast for the solar market for 2011 to 2015.
  111. German Solar Data Debate: Oktoberfest or Famine? (FUD)
  112. First Solar CFO, CTO Sell Share
  113. Solar Stock Winners: It's LDK's Balance Sheet, Again (Positive and FUD)
Disclosure: I am long JASO