ILOVEPV 50% retracement theory on SOL

Pop2mollys

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Yesterday, 12:09pm

ILOVEPV 50% retracement theory on SOL

Quoted from "ILOVEPV"

Larry
I'm talking about 50% retracement in terms of losing 50% gain. SOL's bottom was 1.08 while top 2.80 i.e. 2.80-1.08=1.72; 1.72/2=0.86; 2.80-0.86=1.94 is the very (theoretical - TA classical) bottom for SOL retracement. JMHO: traders know this stuff and ready to pick up in there, that is why no stocks won't be allowed to reach this threshold i.e.. the stocks will start ramping up from higher level (for example from a current one). Being experienced in these games I bought back today a nice portion of SOL in 2.11-2.14 and SPWR in 10.8-10.85 ranges.

Unreal but you might have made one of best calls I have seen in awhile. No matter what earnings where good or bad it was going to be taking down to the mid 1.90's level here. If it rallies, which I believe will be case from this level, I AM A BELIEVER

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ILOVEPV

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Yesterday, 12:37pm

not sure 1.94 is the very bottom though if these guys play a classical game this is it. Report is too good to avoid a chance to collect as many as possible cheapest ever shares. I do not know their plans and calculations that is why I have no idea now where is the very bottom. 90% of probablity - we are at the bottom now. I set a huge buy offer just below the bottom because they can make a final very short-live drop to pick all possible stop losses.

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Solman

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Yesterday, 12:52pm

Sol may be down below 2 for options expiration. That would be very typical.

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photon

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Date of registration: Feb 12th 2013

Yesterday, 12:54pm

The "sledgehammer" is what u are talking about. I am waiting as well.

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Pop2mollys

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Yesterday, 1:08pm

Quoted from "Solman"

Sol may be down below 2 for options expiration. That would be very typical.

I don't trade options and never go on margin.... But F me I have to pay more attentions to option expiration days. I remember they did exact same thing last month....

4 weeks ago on op ex the took it down and pinned it right under 2.50 level.... Same chit different month

And in January big red candlestick and again the pinned it under 2.00 day of expiration....

Dec 2012 another red candlestick and they pinned it right below 1.50 level...

Crazy...

This post has been edited 3 times, last edit by "Pop2mollys" (Yesterday, 1:24pm)

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larryvand

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Yesterday, 1:40pm

All I know is that the 100 SMA is at $1.77. Why does that number sound familiar? Because it was in Jan 2012 the resistance level that we broke out off to head to 3.38.

http://finance.yahoo.com/q/hp?s=SOL&a=10…e=23&f=2012&g=d

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ILOVEPV

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Yesterday, 2:26pm

as for options I have $2.5 strike 300 contracts calls Oct 19, 2013 average buy 0.3. Not too much to lose but a gain can be tremendous: if/when the stock hits say $5 (absolutely real expectation within next 7 months), a gain is going to be in a range of x8 fold. If it hits $9.5 a gain is x20 fold. I expect the next leg up to $4.5-5.0 to be reached before the next earning report.

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Boss

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Yesterday, 3:50pm

Sol will not run to $5 in the next 3 month.
Only if asp raises higher then $0.65 the stock should move up.

My guess trading range from $1.7 - $2.5

IMO

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Uncle Chang

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Date of registration: Sep 29th 2012

Yesterday, 4:15pm

It's all about Guilt by Association, end of cheering for STP's going BK.

Thinnly traded DS swung from loss of 4% to gain of 8.72%, CSUN lost 12.42% and HSOL lost 17.76% in one day.

People have fears all the time, people get confused all the time when it comes to stocks, nobody learns from history, people want to beat people even on very short-term tradings. Why? It's really not just on stocks, we've seen what happend to Greece when they were threaten by their debts, they jumped on the PIGS (or PIIGS) and slaughtered their financials. Maybe there should be some sort of austerity measures for the Chinese Solars as well, selling assets, threatening bond holders for cuts. Without clear picture what's going to happen to the Solars, one can only gamble on Black or Red one day at a time if that's interesting for people who love to live on edges.

Still we haven't heard about earnings release dates from CSUN and LDK, HSOL is the on on deck for Monday, don't know if anyone leaked a thing today.

ps, Question. Why did JKS give rosy pictures while they couldn't even announce their earnings date? They normally did that 2 weeks ahead of report, I think. Without doing that, they're still capable of giving warnings. I'm not saying they will and I don't think they will either, but they're capable of doing it.

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Pop2mollys

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Yesterday, 4:23pm

Quoted from "Uncle Chang"

It's all about Guilt by Association, end of cheering for STP's going BK.

Thinnly traded DS swung from loss of 4% to gain of 8.72%, CSUN lost 12.42% and HSOL lost 17.76% in one day.

People have fears all the time, people get confused all the time when it comes to stocks, nobody learns from history, people want to beat people even on very short-term tradings. Why? It's really not just on stocks, we've seen what happend to Greece when they were threaten by their debts, they jumped on the PIGS (or PIIGS) and slaughtered their financials. Maybe there should be some sort of austerity measures for the Chinese Solars as well, selling assets, threatening bond holders for cuts. Without clear picture what's going to happen to the Solars, one can only gamble on Black or Red one day at a time if that's interesting for people who love to live on edges.

Still we haven't heard about earnings release dates from CSUN and LDK, HSOL is the on on deck for Monday, don't know if anyone leaked a thing today. ps, Question. Why did JKS give rosy pictures while they couldn't even announce their earnings date? They normally did that 2 weeks ahead of report, I think. Without doing that, they're still capable of giving warnings. I'm not saying they will and I don't think they will either, but they're capable of doing it.

You say we don't have clarity but SOL gave a TON of clarity in their earnings. As long as ASP stay flat they will be profitable by Q2. They only guided around 30% shipments to Europe and even in worse case scenario if there are tariffs they already lined up another party to sell modules in Europe without tariffs and most likely higher ASP. They module shipment growth is absolutely insane. They have the highest rated modules and the lowest costs. They have no tariffs in US. They don't have any convertible due until 2018. They are absolutely stealing a ton of market share with virtus modules.... Where is the risk with this company?

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larryvand

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Yesterday, 4:42pm

It was the same story as last year. We went up till mid February and then we dove. The whole sector in unison.

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photon

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Date of registration: Feb 12th 2013

Yesterday, 9:20pm

I hear ya pop2. See, it is a sector issue......with manipulation. We can only participate in the direction they choose. A good Q4 doesn't translate into a nose dive. The market is obviously in control. Up or down....we are at their mercy. I have buys in at max pain. The lower we go...the better for us.....dive,dive, dive.....sledgehammer.

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Pop2mollys

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Yesterday, 9:39pm

Yeah photon I used up the last of my powder today... Cost average mid 1's. Funny thing is I started loading after last CC because they showed a good outlook despite a weak 3Q. Started buying at 1.32. Now they blow out last Q and show even more promise for the rest of year. Despite short term shakeouts stocks always move higher sooner or later when fundies improve quickly. I'm not on margin or options and have plenty of patience. Sooner or later this is going to reverse and have a rip your face off rally... It's just a matter of time