Friday, February 11, 2011

First Solar No Longer the Most Shorted S&P 500 Stock (FSLR)

Is it any wonder?
The stock is up another $7.57 today (I know, after the short interest report) and 25% over the last month.
I am reminded of a comment from a young lady when I announced I was going to chase one of the cheerleaders, many years ago:
"Haven't you suffered enough pain?"
I believe that was a reference to my high school football career.
Anywho, we tried to warn the bears.* Here's Bespoke Investment Group:
Below we highlight all S&P 500 stocks with more than 10% of their sales sold short.  As shown, AutoNation (AN) is the most heavily shorted at 30.71%.  AN is followed closely by Sears Holdings (SHLD).  First Solar (FSLR) ranks 3rd, followed by GameStop (GME), Netflix (NFLX), SUPERVALU (SVU), and Cephalon (CEPH)....MORE

Feb. 2 
UPDATED: First Solar: Pity the Poor Shorts as the Stock Sets Another New 18-month High, Up $6.90 on the day (FSLR):
Jan 31 
"Pick off the Offer" Buying in First Solar (FSLR)
Jan 25 
Goldman Sachs vs. the First Solar Bears: "First ya tree 'em, then ya kill 'em" (FSLR)
Jan 24 
And That's a New 52-Week High for First Solar (FSLR)
Jan 24 
UPDATED: Aha! "Goldman Sachs added First Solar to its Conviction Buy List" (FSLR)
Jan 19 
First Solar: Setting up for a new 52-Week High (FSLR)
Jan 18 
First Solar "Holy Uptick Batman" (FSLR)
Jan 13 
First Solar Continues Breakout (FSLR)
Jan 10 
"...Solar stocks are poised to rebound sharply in 2011..." (FSLR; SOL; TSL)
You don't have to hit me upside the head more than a couple times.
When First Solar was up $3.00 earlier this morning I thought " Say.... Something may be happening".
Currently up $1.70 at $135.28....
As they used to say in the British nature films, as the lions approached the wildebeest:
Sadly now, there can be but one outcome.