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....
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.
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
From Gainers Today:
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)