Ha I say!
From Friday's "Corrected: Selling First Solar (FSLR)":
On Nov. 23 I sent the senior partner this email:
Here's why you keep me aroundThey traded with an 11 handle today....
HERE
The Dec 130 calls at $3.50 either go to $10 or $0.
...Correction: The stock did trade lower than the Nov. 23 prices on both the 29th and 30th.Today the stock closed at $135.15, down $1.89 on the day and three bucks lower than Friday's $138.20 close.
Trying to do this by memory leaves room for error. [how convenient -ed]
Well bought is still half sold.
Original:
The stock never traded lower than the "buy it now" price.
Well bought is half sold.
I have a history of selling early, First Solar has a history of selling off.
The stock traded as high as $139.66, $139.50, $139.99 and $140.73 Friday through today.
The options stop trading in 47 hours.
The Dec. 130's that traded over $11 on Friday are quoted $5.55-5.85.
Here are the analysts:
Corrected: Auriga's Bachman Reiterates OUTPERFORM on First Solar - Lowers Price Target (FSLR)And from StreetInsider:
That and Cowen’s Stone Maintains OUTPERFORM on First Solar (Nasdaq:FSLR) - Sees 30% Upside for Stock via SmallCapPulse.
Needham & Company Upgrades First Solar (FSLR) to Hold Following Positive 2011 GuidanceFrom Benzinga:
Jefferies Raises Revenue Estimates on First Solar (FSLR), Maintains Buy Rating
UBS Maintains a 'Buy' on First Solar (FSLR); Solid Guidance; Sells Agua Caliente Project
Barclays Maintains an 'Equalweight' on First Solar (FSLR); 2011 Guidance Better Than Expected
Wedbush Cuts Price Target on First Solar (FSLR), Maintains Underperform Rating
Hapoalim Maintains Sell On First Solar (FSLR)
Wunderlich Reiterates Sell On First Solar (FSLR)
From Gainers Today:
Stifel Nicolaus rated First Solar, Inc. (NASDAQ: FSLR) to Buy with price target $175Bloomberg reports:
First Solar boosts outlook, Street lifts estimates
Kaufman Bros. analyst Jeffrey Bencik raised First Solar's target to $165 from $162 per share and increased profit estimates to $9.65 from $9.03 per share in 2011 ...I'm done with the "Ha" stuff, now back to our regularly scheduled programming.
(I'm also done with FSLR until the next earnings report)