Friday, December 10, 2010

Corrected: Selling First Solar (FSLR)

On Nov. 23 I sent the senior partner this email:
Here's why you keep me around
The Dec 130 calls at $3.50 either go to $10 or $0.
They traded with an 11 handle today.

Here's the history of the trade:
Dec. 8 
What First Solar Will Say on the Dec. 14 Guidance Conference Call (FSLR)
Dec. 3 
First Solar Options "Max Pain" at $130 (FSLR)
Dec. 1 
More on First Solar's New Tellurium Supplier (ASOE; FSLR; VNP.TO)
Dec. 1 
First Solar Gets to 200-Day Moving Average (again) Stops Dead (again) FSLR
Nov. 26 
More Options Strategies for First Solar (FSLR) 
Nov. 24 
First Solar Hits 200 Day Moving Average, Stops Dead in its Tracks (FSLR)
Nov. 23 
First Solar: Trading the Dec. 14 Investors and Analysts Guidance Call--Buy it NOW (FSLR)
Nov. 22 
Repost: More on the First Solar Initiation by Susquehanna, Likes Dec. $125 Calls (FSLR)
Also this week:
First Solar Seems Headed for 200-day Moving Average on Credit Suisse Downgrade, Germany, Cramer (FSLR)
UPDATED: "First Solar News, Rumors: CIGS, Mercury, Tellurium" (FSLR; ASOE; TSL; STP; JASO )\
Credit Suisse's Solar Commentary (FSLR; SOL: STP; TSL)
Nov. 17 
Rejoice Longs: First Solar Still the Most Shorted Stock in the S&P 500 (FSLR)

Correction: The stock did trade lower than the Nov. 23 prices on both the 29th and 30th.
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.
Here's the conference call info:
2011 Guidance Conference Call
12/14/10 4:30PM ET