Tuesday, October 5, 2010

Shorting First Solar; Possibly Long Monsanto after Tomorrow's Earnings Release (FSLR; MON)

The First Solar call is based on flagging momentum going into earnings (which will beat) and the recent CFO's insider sell* (small but his timing was good last quarter).

 Monsanto scares me but tomorrow may be the washout. The conference call will start at 9:30 a.m. ET.
Here's the webcast info.


FSLR closed up 0.25% at $142.63, MON at $48.80, up 2.16%, a bit better than the market.

*From GuruFocus:

Eaglesham David JChief Technology Officer 2010-10-01Sell3627$146.54-2.91
MEYERHOFF JENSCFO, Pres, Util. Sys. Bus. 2010-10-01Sell3125$146.45-2.85
Estate of John T. Walton10% Owner 2010-09-15Sell178987$140.861
JTW Trust No. 1 UAD 9/19/02Member of 13G group 2010-09-14Sell79301$141.470.57
JTW Trust No. 1 UAD 9/19/02Member of 13G group 2010-09-13Sell15315$140.151.51
Estate of John T. Walton10% Owner 2010-09-13Sell15630$140.151.51
Eaglesham David JChief Technology Officer 2010-09-01Sell3627$129.749.66
MEYERHOFF JENSCFO, Pres, Util. Sys. Bus. 2010-09-01Sell3125$129.0110.28
Sohn BrucePresident 2010-08-30Sell12000$126.9812.04
MEYERHOFF JENSCFO, Pres, Util. Sys. Bus. 2010-08-17Sell5000$125.6213.25