Paul Meyer Buys Houses

First Solar (FSLR @ $175) falls going into earnings

So since FSLR fell going into earnings a whopping -14 pts closing just above yesterdays big white candle move up +16 pts. I suspect bad earnings to happen since investors seemed to panicly sell out of the stock before earnings release at 8am before the market open tomorrow. All solar sector stocks dropped heavily today, so it may not just be First Solar, but investors aren’t buying into earnings which are supposedly to be a “surprise”. Think about it though, if analyst say there might be a surprise is it really a surprise anymore? If someone tells you are going to have a “surprise” birthday party it isn’t much of a surprise once it actually happens….hmmm this could be painful tomorrow waking up to see what happens after the release….very painful since my contract is currently at $3.50. It moved up to $10 today but my GTC order was at $13. Shit.

2 responses

  1. High Plains Trader

    I hope you held. I just saw the stock up $33 in premarket after earnings released.

    February 13, 2008 at 1:41 pm

  2. highplainstrader,

    I don’t like to use the word “hope” anymore, but I guess you can say I was definitely lucky the stock shooted up after earnings which did end up selling me out of my GTC order. I suppose with the stock already beaten down I had a good chance of it moving up. BUT! Look at Apple earnings in Jan. This stock was beaten down too, and after earnings tanked harder. So, I call myself lucky in this trade. Through all the earnings I have traded through this is probably only of a few that actually worked out. You never know what a stock will do during earnings. It could be the greatest stock in the world and still fall, this is what I’ve found through my research and REAL trades…

    February 13, 2008 at 4:59 pm

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