Friday, July 30, 2010

North Korean Soccer Coach Sentenced to Manual Labor for Loss (FSLR)

Thank goodness they don't do that to folks who drop 3% in three hour solar trades:
3:31 pm EDT
"First Solar Earnings Preview: What’s the probability of a $19 move?" (FSLR)
Despite all my harping about the "mystery/history" run-up-into-earnings-and-fade moves of the last couple years (and pronouncedly the last four quarters) the stock has not run up this week.
The expectation is that the company will beat so the action will focus on the guidance.
With half an hour to the close I'm thinking long ain't wrong.
The stock is down $1.85 at $135.19.
6:24 pm EDT
First Solar: Guiding EPS Up, Bad Tone to the Call (FSLR)
Crapsky. The stock is down $5.00 again, letting it go, $130.50ish.
More tomorrow with the conference call transcript.
The stock is now down $10.04 at $125.46, Here's the headline story from the Telegraph:
...North Korean football team shamed in six-hour public inquiry over World Cup
The team's coach, Kim Jong-hun, was reportedly forced to become a builder and has been expelled from the Workers' Party of Korea.
The coach was punished for "betraying" Kim Jong-un - one of Supreme Leader Kim Jong-il's sons and heir apparent....

...However, media in South Korea said the players got off lightly by North Korean standards.
"In the past, North Korean athletes and coaches who performed badly were sent to prison camps," a South Korean intelligence source told the Chosun Ilbo newspaper....
At least the readers who went with the straddle [rather than the directional? -ed] bet are getting enough move to cover the premium (please don't send me to the labor camp).