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First Solar Is Today's Momo Plunge Du Jour: Stock Tumbles Following CEO Departure

Tyler Durden's picture




 

Yesterday, to modest jeers, we advised readers that JPM had turned megabearish on that other momo darling, First Solar, cutting its target price to $50. It appears JPM was on to something. As of minutes ago, FSLR announced that "The Board of Directors of First Solar, Inc. (NASDAQ:FSLR - News) today asked its Chairman and company founder, Mike Ahearn, to serve as interim Chief Executive Officer. Ahearn has accepted. Effective immediately, Rob Gillette is no longer serving as Chief Executive Officer, and the Board of Directors thanks him for his service to the company. The Board of Directors has formed a search committee and is initiating a search for a permanent Chief Executive Officer." Time to hitting JPM's stock price target ? One day. At last check FSLR was trading 15% down at under $50. To anyone who shorted, congratulations. What is more interesting is that momo after momo darling are getting systematically monkeyhammered. Can Chipotle and Amazon really be that far behind?

Oops:

And the one person we wouldn't want to be today is the Maverick analyst who decided to go from 0 to 2.5 million shares in the name in Q2.

 

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Tue, 10/25/2011 - 13:55 | 1809142 TruthInSunshine
TruthInSunshine's picture

Leo!!!!!!!

Tue, 10/25/2011 - 13:58 | 1809158 Careless Whisper
Careless Whisper's picture

The Afternoon Careless Whisper Nothing-Euro Afternoon Update

 

8 NYC Banker Supported Cops Busted For Gun Running Operation

http://www.nypost.com/p/news/local/nypd_cops_among_arrested_in_gun_SqJME...

Flashback: NYC Mayor Bloomberg Blames Arizona Gun Shows For NYC Guns

http://articles.latimes.com/2011/feb/01/nation/la-na-bloomberg-arizona-g...

Police Use Rubber Bullets, Stun Grenades To Clear OccupyOakland "Encampment" Next To City Hall

http://latimesblogs.latimes.com/lanow/2011/10/occupy-oakland.html

England Promoting China's One-Child Policy

http://www.guardian.co.uk/environment/2011/oct/25/china-one-child-policy...

Federal Judge Upholds Fourth Amendment; 37 Page Ruling Against Florida Governor

http://www.reuters.com/article/2011/10/24/us-florida-welfare-idUSTRE79N7...

Brazil Says Cuban Doctors Not Qualified To Practice Medicine In Brasil

http://latino.foxnews.com/latino/health/2011/10/24/cuban-doctors-get-sic...

Gov Committee Follows Orders From Big Pharma Merck; 11 Year Old BOYS Must Get Gardasil Vacine

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/10/25/national/a08...

QUOTE OF THE DAY: "I'm just someone out there being myself. I'm telling other young girls to do the same; be strong, be yourself, and don't be bullied."    ..... NY Times Best Selling Author, While On Book Tour Promoting Second Book

http://www.lohud.com/article/20111025/LIFESTYLE01/110250303/Nicole-Snook...|newswell|text|Frontpage|s

Tue, 10/25/2011 - 14:19 | 1809229 Libertarians fo...
Libertarians for Prosperity's picture

 

 

I suppose anytime a founder of a company and former CEO sells virtually all of his ownership, it's a fairly good sign to jump ship, too. 

http://www.secform4.com/insider-trading/1381112.htm

That's several hundred million over 18 months, with ~$68M in August alone.

 

Tue, 10/25/2011 - 14:34 | 1809273 TruthInSunshine
TruthInSunshine's picture


CNBC Financial Advice

Just skip to 3:10 (because Jon gets a lot wrong about Santelli, IMO, but NAILS the rest - regardless of how you or I feel about him [he's a fill-in-the blank and his brother is the CEO of the NYSE - CNBC's tape speaks for itself, sadly, in which CNBC recommends buying Bear Stearns, AIG, and Bank of America, among many, many other widow makers [including the equity market Ponzi as a whole], at or near their all time highs).

Tue, 10/25/2011 - 17:17 | 1810035 Fish Gone Bad
Fish Gone Bad's picture

Fuck CNBC.

Tue, 10/25/2011 - 23:28 | 1811140 fourchan
fourchan's picture

we should all shit can cnbc

Tue, 10/25/2011 - 14:01 | 1809174 John Law Lives
John Law Lives's picture

I was thinking the same thing!

Tue, 10/25/2011 - 14:28 | 1809307 TheLooza
TheLooza's picture

I guess Gillette wasn't the best man they could get?

Tue, 10/25/2011 - 23:29 | 1811145 fourchan
fourchan's picture

He wasnt sharp enough to make the cut.

Tue, 10/25/2011 - 14:01 | 1809175 Oh regional Indian
Oh regional Indian's picture

Funnily, Leo is ruled by the Sun, though I know of whom you call.

Solar power the government way (subsidy is not enough to kick start volumes). Putting subsidy in consumer hands was a smart thing. Thing to think about is, if all these Solar Firms are struggling and there is this Silver/Rare Earth dependency, perhaps it is not the answer at all? At least definitely not if it is not in some sort of Co-gen arrangement.

Solar alone is a big fail, no CEO can "make" it. 

ORI

Nuclear Echoes

Tue, 10/25/2011 - 14:12 | 1809234 Mercury
Mercury's picture

Marla, (this Sunday -haha) on the solar/green landscape in the UK: http://finemrespice.com/node/99

Of course, given that the recent cuts are likely to cause European Speculators to embark on a vicious and protracted solar-short campaign designed, with truly Dickensian horror, to cripple the savings of various widows and orphans, the only possible course of action at this point will be to ban the short selling of any equities related to solar power. (Or connected to inter-constituency commerce in energy).

Tue, 10/25/2011 - 14:16 | 1809247 TruthInSunshine
TruthInSunshine's picture

Solar will be a true gift in the cause of clean, renewable and pollution free energy one day, but that day won't arrive until real scientists get a handle on how (and with what materials and by which processes) to harvest and store the energy freely thrown off by that massive ball of hyper-reactions in the sky in an efficient manner, using cost-effective materials, in a way that's accessible to unsubsidized consumers of energy.

We're either a) obviously not there yet, R&D and scientifically speaking, or b) there are forces running interference.

I honestly don't know whether a or b is the case, but lean towards a, while admitting it's a pure guess (and I'm certainly no scientist).

Tue, 10/25/2011 - 18:36 | 1810249 Devore
Devore's picture

It's why subsidies targetting specific companies/technologies, or heavily mandating and regulating their use, are actually counter-productive to stated goals. But we already knew that. It's just nice to see it in action.

Tue, 10/25/2011 - 14:03 | 1809190 schoolsout
schoolsout's picture

I sure wish he'd bring us back some olives from his extended vacation in Greece...

Tue, 10/25/2011 - 14:09 | 1809217 Dick Darlington
Dick Darlington's picture

Didn't he LOVE Greek gubbmint bonds @7% on top of the epic love story with solars?

Tue, 10/25/2011 - 14:33 | 1809331 luster
luster's picture

Yes.  He said if he was a hedge fund manager, he'll be all over that 7% yield.

Tue, 10/25/2011 - 16:05 | 1809721 Randall Cabot
Randall Cabot's picture

Where is he?

Tue, 10/25/2011 - 18:26 | 1810224 mtomato2
mtomato2's picture

"Hey! Where's Perry!?"

 

(DooBeDooBe Doo BAH DooBe DooBe Doo BAH!)

Tue, 10/25/2011 - 19:16 | 1810379 Grinder74
Grinder74's picture

#WeCantWait for the next CEO to lead us into solar nirvana!

 

(Be sure to hit up President Obummer's #WeCantWait tag on Twitter)

Tue, 10/25/2011 - 13:56 | 1809146 AccreditedEYE
AccreditedEYE's picture

R.I.P Leo's momo portfolio... LOL

Tue, 10/25/2011 - 13:57 | 1809150 H. Perowne
H. Perowne's picture

I blame the excess free speech of these anonymous blogs

Tue, 10/25/2011 - 14:07 | 1809208 CPL
CPL's picture

...and the weather. 

 

Next week we'll blame disney movies.

Tue, 10/25/2011 - 14:19 | 1809265 Ronaldo
Ronaldo's picture

I blame Disney Movies!

Tue, 10/25/2011 - 13:57 | 1809151 The Axe
The Axe's picture

Great job Tyler....yes i shorted 500 shares

Tue, 10/25/2011 - 14:27 | 1809299 JW n FL
JW n FL's picture

 

 

dont forget to tip the staff for excellent service! or buy him some gold and send it too him! (silver is more postage although it has outperformed gold.

Tue, 10/25/2011 - 13:58 | 1809152 JW n FL
JW n FL's picture

 

 

BUY!

 

PHYSICAL!!

 

SOLAR!!!

 

If you own gold and guns but you dont own any Solar / Wind / Water power production.. you are CRAZY!

and for a forward looking statement, maybe there will be sme good deals on solar panels upcoming with all of these crashes going on!!

Tue, 10/25/2011 - 14:02 | 1809185 jarboejl
jarboejl's picture

I live in Seattle.  We don't have sun or wind!!  AAAAAAHHH!!!

Tue, 10/25/2011 - 14:08 | 1809213 redpill
redpill's picture

Buy a waterwheel and mount it to your roof!

Tue, 10/25/2011 - 14:18 | 1809263 JW n FL
JW n FL's picture

 

 

http://www.youtube.com/watch?v=_MYYScJexs8&list=PLE9EE3D9282CBCBAF&index=21

I have not spoken to these people yet.. but it is on my to do list!

Tue, 10/25/2011 - 14:29 | 1809283 JW n FL
JW n FL's picture

 

 

Plus!

http://www.youtube.com/watch?v=w8Iq0b2jwyw

Uploaded by on Apr 22, 2009

The Clean Green Stream Machine is made in Oregon and distributed world-wide by Umpqua Survival.
Eco-friendly sustainability.
This unit has a 1500 watt max. DC continuous heavy duty alternator.
Host: Jon "Dr. J" Birk
Roseburg, Oregon
See us for your energy, food and water survival needs.
http://www.umpquasurvival.com

I dont own this system.. but it looks good for smaller power uses.. like a cabin or smaller home.

 

http://www.youtube.com/watch?v=Be179b8TyfU&feature=related

this is a cleaner version of above.. and more to scale.

Tue, 10/25/2011 - 16:17 | 1809778 sellstop
sellstop's picture

Wow, that's really close to home JW! You are talking about that little shop out on N. Umpqua Hwy, just past the city limits..... I drive by that all the time. The wonders of internet commerce!

gh

Tue, 10/25/2011 - 14:25 | 1809296 JW n FL
JW n FL's picture

 

 

see wind and water below.

Tue, 10/25/2011 - 14:11 | 1809221 CPL
CPL's picture

You live in Florida, I would give my left nut to live in Florida for the solar panel auctions the counties do there.

 

You know all those hundreds of solar panels on the road signs?  They get replaced every three years and go on auction and you can only bid if you are a Florida resident.

 

Pick up a 500w panel for $150

 

8 years I've begged and called nearly every municipal county.  Always the same answer, Florida residents only.

Tue, 10/25/2011 - 14:16 | 1809251 JW n FL
JW n FL's picture

 

 

I didnt know.. if you want to send me the info I will look into it.. and if I am able to buy, without it being bid up by idiots I am happy to help you out for helping me out..

hows that for a plan? james_edward_workman @ (yahoo) is a good email for me!

Tue, 10/25/2011 - 14:39 | 1809351 wang (not verified)
wang's picture

you shouldn't give your email out especially if it includes part of your name

 

 

Tue, 10/25/2011 - 15:23 | 1809504 JW n FL
JW n FL's picture

 

 

everyone here knows my name.. I dont hide who I am.

anyone who wants to know who I am only has to ask.

Tue, 10/25/2011 - 14:28 | 1809305 Ralph Spoilsport
Ralph Spoilsport's picture

Why do they replace them after 3 years I wonder?

 

"Most panels in use today will last 25-40 years, while still maintaining as much as 80 percent of their original output. A 20-year and 80-percent output warranty is an industry standard. Many have 25-year warranties and most people agree that panels will produce power almost indefinitely. It is far more likely that wiring or an inverter will wear out before the solar panels do."

 

http://solar.calfinder.com/ask/do-solar-panels-3

Tue, 10/25/2011 - 14:14 | 1809243 JW n FL
JW n FL's picture

 

 

There is a story about a man trapped at home during a terrible storm. He soon realizes the house will be flooded, and he climbs to the roof. As the waters rise, he prays to God for salvation. Just then, a neighbor appears in a rowboat. But the man refuses to get in. “I’m waiting for God to rescue me,” he says.

A little while later, a sheriff’s deputy arrives in a motorboat. Still the man refuses to get in. “I’m waiting for God to rescue me,” he says again.

Then, with the water lapping at his feet, a helicopter descends from the clouds and drops a line to the stranded man. But he still won’t leave the rooftop. “I’m waiting for God to rescue me,” he shouts.

Inevitably, the man drowns in the flood waters. When he arrives in heaven, the man asks, “God, why didn’t you answer my prayer?”

“Are you crazy?” replied the Lord. “I sent you a rowboat, a motorboat, and a helicopter! Why didn’t you get in?”

http://www.faithfieldguide.com/2011/02/02/does-god-always-answer-our-prayers/

Tue, 10/25/2011 - 13:57 | 1809153 mayhem_korner
mayhem_korner's picture

 

 

Outlook is cloudy.

Tue, 10/25/2011 - 13:57 | 1809156 The Swedish Chef
The Swedish Chef's picture

JPM turned bearish and the next day they let the CEO go with plummeting stock as a result... What a coincidence. Who woulda thunk it?

Tue, 10/25/2011 - 14:04 | 1809162 GeneMarchbanks
GeneMarchbanks's picture

Chipotle = guaranteed diarrhea.

MS took hit on this as well, they seem marked for smackdown.

Tue, 10/25/2011 - 14:08 | 1809211 HelluvaEngineer
HelluvaEngineer's picture

lol.  ZH'ers must be piling on CMG.  They've been levitating it for days and it just cracked.  Double top.  Pile on everyone, assuming you can find any shares to borrow (HTB).

Tue, 10/25/2011 - 14:00 | 1809171 john39
john39's picture

it appears that the days of taxpayer funded government crony "green energy" boondoggles are almost over...

Tue, 10/25/2011 - 14:05 | 1809196 Melin
Melin's picture

as is evidenced by...what exactly?

Tue, 10/25/2011 - 14:27 | 1809298 john39
john39's picture

part of the issues with solar companies is that government incentives in Europe and elsewhere are ending.  Europe, like the U.S. is broke and living on borrowed money.  Sooner or later it will dawn on people that spending 5x more than you have to to subsidize renewable energy is just stupid.  we are at that point now.

Tue, 10/25/2011 - 15:01 | 1809433 Ralph Spoilsport
Ralph Spoilsport's picture

Pennsylvania is losing subsidies for solar energy because there are so many cloudy days. Performance of existing installations have been disappointing. Long haul truckers have called Pennsylvania the "Gray State" for as long as I can remember. Dismal fucking place most of the year.

Tue, 10/25/2011 - 14:01 | 1809176 jarboejl
jarboejl's picture

Could be worse...could be NFLX.

Tue, 10/25/2011 - 14:02 | 1809183 Melin
Melin's picture

momo definition please

Tue, 10/25/2011 - 14:03 | 1809188 jarboejl
jarboejl's picture

Momentum Trade.

Tue, 10/25/2011 - 14:05 | 1809199 Melin
Melin's picture

thank you

Tue, 10/25/2011 - 14:11 | 1809232 Temporalist
Temporalist's picture

It has some more negative connotations at this point I believe.

Tue, 10/25/2011 - 14:17 | 1809256 The Swedish Chef
The Swedish Chef's picture

I´m pretty lost too at times. For acronyms and econospeak I find this useful.

Tue, 10/25/2011 - 14:28 | 1809308 Melin
Melin's picture

Excellent!  Thanks so much.  Here's the definition of momo trade from the link you gave me:

What Does Momo Play Mean?
A slang term used to describe an investment purely as a momentum play, not worrying about the company's fundamentals.

Read more: http://www.investopedia.com/terms/m/momoplay.asp#ixzz1boriPQ5q

Tue, 10/25/2011 - 14:08 | 1809186 TruthInSunshine
TruthInSunshine's picture

When this short term-spiked (by taxpayer blood infusions) market breaks (it already has, actually, as it exists purely on Bernank drippings), look for the clear Nasdaq inidicator, which will resemble the broken spine of a T-Rex, to flash brightly. Nasdaq always leads the way just prior to the relentless plunges and more plunges, when it's time to take 97% of the 'outsiders' that just happen to have exposure to the verified Ponzi scheme that are 'equity markets' (aka Cockroach Casino) to the cleaners.

LNKD, FSLR,NTFLX, GRPN (when/if it ever IPOs), etc. etc. etc., blah blah blah - it's a new world, things are different now, RoboTrader quit his teller job and is selling stocks, rolling in a 'slade on 22" big pimpins.

Same as it always was and always will be, bitchez.

The Winners of the New World - TheStreet

The Winners of the New World By Jim Cramer February 29, 2000 - 09:42 AM EST

Editor's Note: James J. Cramer is the keynote speaker at the 6th Annual Internet and Electronic Commerce Conference and Exposition, held today at the Jacob Javits Center in New York City. We're running the full text of that speech here.

"You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

OK. Here goes. Write them down -- no handouts here!: 724 Solutions (SVNX), Ariba (ARBA), Digital Island (ISLD), Exodus (EXDS), InfoSpace.com (INSP), Inktomi (INKT), Mercury Interactive (MERQ), Sonera (SNRA), VeriSign (VRSN) and Veritas Software (VRTS).

We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over -- and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come."

Tue, 10/25/2011 - 14:15 | 1809245 Temporalist
Temporalist's picture

The thing about blood is we keep making more continuously.  It's an endless supply..until the body dies.

Tue, 10/25/2011 - 14:06 | 1809201 dwdollar
dwdollar's picture

So how much taxpayer money did this one squander?

Tue, 10/25/2011 - 14:07 | 1809204 curbyourrisk
curbyourrisk's picture

Leo....don't jump...

You and RobotTrade can share a drink and wash your sorrows away together.

Never mind....go ahead.....jump... these stocks are DONE!

Tue, 10/25/2011 - 14:08 | 1809205 danger close here
danger close here's picture

wow nov 30 put up over 800%.

for those with extra lotto money, consider buying the nov 55 cals which lost a cool 80% of their value . fslr reports 11/3 before expiration

Tue, 10/25/2011 - 14:07 | 1809206 LawsofPhysics
LawsofPhysics's picture

Everyone wants to be the producer and not the patsy.  Such is the way with an eCONonmic system built on infinite growth in a finite world.

 

Hedge accordingly.

Tue, 10/25/2011 - 14:07 | 1809207 Dr. Engali
Dr. Engali's picture

Why can't I ever own puts on a chart like that?

Tue, 10/25/2011 - 14:08 | 1809215 LongSoupLine
LongSoupLine's picture

expert network...

Tue, 10/25/2011 - 14:09 | 1809219 Buck Fartz
Buck Fartz's picture

Dominoes, dominoes...

Tue, 10/25/2011 - 14:10 | 1809223 bob_dabolina
bob_dabolina's picture

Wasn't Robotrader just bragging about this stock...when I say just, I mean yesterday.

Tue, 10/25/2011 - 14:13 | 1809240 Buck Fartz
Buck Fartz's picture

God hates RoboTrader. (fartz)

Tue, 10/25/2011 - 14:13 | 1809238 Sudden Debt
Sudden Debt's picture

It's going where the sun don't shine...

Tue, 10/25/2011 - 14:15 | 1809249 Irish66
Irish66's picture

How many stocks have lost 50 percent in six months this year, not just momo's

Tue, 10/25/2011 - 14:15 | 1809250 Buck Fartz
Buck Fartz's picture

You can go your own waaaaaay, GO YOUR OWN waaayy...You can call it ANOTHER lonely day...

Tue, 10/25/2011 - 14:16 | 1809252 jcaz
jcaz's picture

Oh no, not Chipotle-  it has great fundamentals, and Cramer says buy, buy, buy, cause he eats there, and he's never wrong about stocks....... Or Spitzer......

Tue, 10/25/2011 - 14:21 | 1809275 SheepDog-One
SheepDog-One's picture

Not my beloved Chipotle! Where will I be able to get $8 rice burritos!

Tue, 10/25/2011 - 15:04 | 1809445 tedstr
tedstr's picture

Actually Cramer said dump the momo stocks last week.

Tue, 10/25/2011 - 16:28 | 1809843 sellstop
sellstop's picture

Kramer was big on Chipotle last week. He said it was a lifesyle thing, or something like that. I remember sending him a message saying: "Like CROCs?"...gh

Tue, 10/25/2011 - 14:18 | 1809261 Platinum_Investor
Platinum_Investor's picture

Inflation, debt and GOLD.  It's the only thing going up now a days!

Buy Gold and Silver here

Tue, 10/25/2011 - 14:19 | 1809264 the grateful un...
the grateful unemployed's picture

interesting thought, this whole thing about individual stocks each being a brick in the wall, and eventually if too many bricks fall out the market goes down (old thinking)

investors replace one Momo with another, the wall is TBTF(new thinking)

when the market goes down I buy the bricks, (value investing) and when individual stocks are getting hammered I buy the wall (when the market crashed in 2000 the DOW got a major rejigger, when you buy the index you get to cherry pick winners)

buying the wall is Risk On, buying the bricks is Risk Off, I'm sure Cramer will saying buy FSLR on weakness. and if the market rises he won't be wrong, for a while anyway. 

someday the ETFs will implode but in the meantime ask wheres the momo darling to replace FSLR and buy it.

Tue, 10/25/2011 - 14:19 | 1809268 jdelano
jdelano's picture

Dammit people no! You can't start tanking the market at 2:17--you've got to wait until 3:30 to drown the freaking robots in sell orders! 

Tue, 10/25/2011 - 14:39 | 1809352 Ralph Spoilsport
Ralph Spoilsport's picture

Heh heh heh.....lulz.

Tue, 10/25/2011 - 14:23 | 1809280 azusgm
azusgm's picture

NFLX. FSLR.

Puh-leeze let BAC be next.

(I know, I know. Bennie and Timmah won't let it happen. But...please.)

Tue, 10/25/2011 - 14:27 | 1809301 Sequitur
Sequitur's picture

When do massive POS stocks CRM and LNKD get hammered? Been short a while, they are utter garbage with P/Es in the 400+ range, though really should be P/E to infinity, as they make no money.

Tue, 10/25/2011 - 14:36 | 1809332 jdelano
jdelano's picture

Hilarious--I literally just bought two puts on CRM five minutes ago

 

Feb 165s--were totally mispriced.

Tue, 10/25/2011 - 14:37 | 1809343 azusgm
azusgm's picture

Who on earth would have ever been long LNKD? Especially at a 1500:1 P/E?

Duh.

Tue, 10/25/2011 - 14:39 | 1809345 TruthInSunshine
TruthInSunshine's picture

LNKD is a weird one, because it's a) completely worthless as a company that can monetize anything, but b) has a 'serious' and all business demeanor, as it's obviously centered around allegedly making professional & business networking more efficient (I don't think I know anyone who ever wanted to be connected with anyone who wrote something trivial about their job or made some lame announcement on LNKD).

So, LNKD is a garbage stock with the appearance of something respectable.

It's a scumbag that rented a tux with money borrowed from a loanshark.

Tue, 10/25/2011 - 15:45 | 1809638 Hunch Trader
Hunch Trader's picture

Check out P, business model eclipsed by free or advertisement run peers and no income nor any realistic way to generate income in the future either.

 

Tue, 10/25/2011 - 14:44 | 1809370 FLUSA.com
FLUSA.com's picture

So are the big holders of NFLX buying big time at these CRAZY low prices? Time to cost average bitchezzz

Tue, 10/25/2011 - 15:01 | 1809437 tedstr
tedstr's picture

Interesting that it had such a nice run up just yesterday.  I have been noticing this lately.....nice run up the day before a major downgrade.  APKT hit me about two weeks ago.  I covered a short at a loss just before the downgrade.  You don't suppose.........nah.  Not possible

Tue, 10/25/2011 - 15:05 | 1809452 Tsunami Wave
Tsunami Wave's picture

What? No Robot Trader response? nothing??? Yesterday he was bashing gold and silver as well..

 

Where art thou Robo?

Tue, 10/25/2011 - 15:25 | 1809520 lizzy36
lizzy36's picture

Where art thou LEO? ;)

Tue, 10/25/2011 - 15:09 | 1809464 RaymondKHessel
RaymondKHessel's picture

Paging Dr. Fa&leo !

Tue, 10/25/2011 - 15:27 | 1809529 lizzy36
lizzy36's picture

One wonders when Groupon will pull their ipo due to "market conditions" (code for all those soft circles disappearing)?

Tue, 10/25/2011 - 15:32 | 1809559 digalert
digalert's picture

Ooh, going in to close down 25%

That sucks, wonder if this means going green sucks...wind?

Tue, 10/25/2011 - 15:42 | 1809620 YesWeKahn
YesWeKahn's picture

i see Waddle reed, It must be their fault again.

Tue, 10/25/2011 - 16:18 | 1809707 mind_imminst
mind_imminst's picture

In contrast to other momo stocks like NFLX, at least FSLR has traditional physical resources and a useful product. I am not a buyer right now, but I am watching closely. Even if their current reported Accounts Receivable is ALL government supported purchases that evaporate in a couple months (and thus are not a reliable asset), they are still trading (market cap) about 500 million BELOW reported assets.

Tue, 10/25/2011 - 16:07 | 1809736 halflink123
halflink123's picture

Still at first glance this seems like a good company.  John Walton beneficially owns 30%. Solar has a lot of promise, even if that promise will not be fulfilled very very soon.

Tue, 10/25/2011 - 16:22 | 1809809 sellstop
sellstop's picture

I don't know how anyone can say that the MOMO changed recently. These things have been going down for some time. "MOMO" SHOULD mean "Momentum and Money Management". If you can do that you can make money consistently...

MOMO changes were all the rage on CNBC today. That is enough to make me suspect of todays bearish indicators.

http://ghickeyblog.blogspot.com

gh

Tue, 10/25/2011 - 16:32 | 1809858 Arthur Two Shed...
Arthur Two Sheds Jackson's picture

Hope you ejected in time,Leo.

Tue, 10/25/2011 - 20:07 | 1810492 beatus12
beatus12's picture

recent reuters article, various china solar companies debt

JA Solar 5.3B, Yingli's 4.6B, LDK 1.1

Do NOT follow this link or you will be banned from the site!