CSIQ is not acting very well today. Hit $3.33, down 10% from the open

larryvand

Intermediate

Posts: 358

Date of registration: Jan 2nd 2013

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Thursday, March 14th 2013, 8:33am

CSIQ is not acting very well today. Hit $3.33, down 10% from the open

Was the last 2 days just short covering rally?

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ILOVEPV

Trainee

Posts: 101

Date of registration: Jan 28th 2013

Thanks: 1

Thursday, March 14th 2013, 8:55am

I picked some CSIQ today 3.36 after selling trading portion yesterday that in turn was bought 2 days ago after 3 days of beating. Do not follow me, I know how to trade stocks. I'm a heavy investor in solar stocks now and all my trading is just an entertainment compared to an anticipated gain on investment.

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sc_solar

Beginner

Posts: 7

Thursday, March 14th 2013, 10:00pm

My entertainment is....

Reading all of Larry s SOL pumping posts and CSIQ "implied" bashing posts. Luckily I own both, so I get to double dip on laughs all day long!!!! Thanks man

. Keep em coming Larry123!!

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nanofrogfish_spf

Intermediate

Posts: 167

Date of registration: Nov 8th 2012

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Yesterday, 2:49am

LOL sc...looks like a lot of SOL owners took advantage of the early morning spike to get out and buy CSIQ...

If you were just reading all those endless posts about how terrible CSIQ and their CC was and how OMG great SOL was...you would have thought both companies were spiking in opposite directions.

But I just looked at the performance this week, since last Friday's close before earnings, SOL has dropped more than CSIQ....SOL down -8.6% and CSIQ is down only -5.4%.

CSIQ had a nice rebound off Monday's drop...once the market got a chance to listen to the CC and crunch some numbers...

What's also funny, here's one of his posts on Fri.;

Actually I didn't. Low was $3.63. I also had an order to fill at $3.6 but no dice. So I only got half of the shares I wanted. BTW, holding those shares through earnings Monday. So it's a gabble. It may hit the 50% fib at $3.55 after all... or not... BTW, I also have 10K shares from $3.96. So nothing to brag about unless CSIQ ends up much higher. GLTA.

so I'm guessing he sold first thing Monday, probably within pennies of the high for the day (remind you of anyone?), since judging by all the rest of the posts this week it doesn't look like he still owns any...LOL

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larryvand

Intermediate

Posts: 358

Date of registration: Jan 2nd 2013

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Yesterday, 4:33am

Nano, I still see that you are posting fantasy numbers. FYI, I own every CSIQ share from 3.96, 3.64/3.66 and also bought some at 3.30 on earnings day, and haven't sold any. So thanks for caring. You'll be the first to know when I do. As far as your other fantasy numbers, let's see now...SOL has twice as many shares outstanding as CSIQ. That means everything being equal between the two, to be valued the same CSIQ should trade at 2x SOL. But if the market views CSIQ better than SOL then it should trade higher than 2x and if the market views CSIQ worse than SOL then it should trade lower than 2x.

Current ratio 1.65.

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larryvand

Intermediate

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Date of registration: Jan 2nd 2013

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Yesterday, 4:43am

sc_solar, I own both too. The stock yesterday fell from 3.7 to 3.33 at the time I posted. That was a drop of 37c or 10%. So I wondered if the run from 3.12 to 3.72 was a short covering rally, and the shorts piled on again Thursday. In any case, whatever they are, they are not buy and holders as the large swings prove. And I'm sure if Europe puts tariffs on Chinese modules we will see more swings like these.

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larryvand

Intermediate

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Date of registration: Jan 2nd 2013

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Yesterday, 4:50am

Nano, instead of comparing apples to oranges in time frames, why not compare apples to apples? CSIQ and SOL before earnings closed at 3.73 and 2.14 respectively. A trading day after earnings for both, so that we can compare apples to apples, they were at $3.15 and $2.14 respectively. That's a CSIQ nosedive of -15.5% and a 0% for SOL. If you want , when they both have 4 days after earnings I will be more than happy to redo this exercise.

This post has been edited 2 times, last edit by "larryvand" (Yesterday, 4:55am)

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larryvand

Intermediate

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Date of registration: Jan 2nd 2013

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Yesterday, 10:16pm

If you need to understand trading, the below is all you need to see:

CSIQ from high to low for 2013 is down 40% ($5.15 to $3.12). And as of the close Friday it is still down 32%.