It is also knowing that they have one of the most diversified customer base out there. Assuming EU comes back online in Q2, they should be able to increase shipments while maintaining margins. Many other names are looking for heavy China volume which is never going to result in EU like margins. I've never understood why shorts have singled out Trina. Then again, short interest hasn't exactly been needed to hold solars down either.
Shorts are almost always playing contrarian games. They aware that they are able to control a price with no respect to news, fundamentals, earnings, etc. It is frustrating for shareholders to see how their value disappears and at a certain point they will get tired and sell - this is a core of deep pocket game. JASO is a nice example - good earnings, nice guidance, many upgrades with 50-100% premium and the stock is still in pre-earnings digits. Even worse situation with HSOL. Things like secondaries that still are wating to be issed is much more important in terms of SP appreciation than a whole scope of a great development. And I'm confident that even though HSOL demonstrates solid Q1, growing GM, good guidance, etc. the stock will be in a current range until those "shorts against the box" get satisfied.
