Wednesday, June 26, 2013

Okay, We Got the 10% on First Solar and 40 of the 60 S&P Points, Now What? (FSLR; SPY)

Beats me, selling is harder than buying.

Just a follow-up to Monday's "Powerfully Oversold: 'S&P 500 Entirely Below Lower Bollinger Band"':
S&P 1564.29, daily low 1560.61; DJIA 14601, daily low 14,551.27.
A reasonable target would be the gap from June 19th 1624.63-1628.93 or around sixty points up from here.
Trading at 1606.07 

And:
First Solar Up On Potential Obama Love (FSLR)
I don't know if FSLR can achieve the $317.00 it traded at in the halcyon days of 2008 but it could probably pop 10%.
$41.27 up twenty cents, last.
Trading at $45.62.

We try to include current price on anything that might be construed as a recommendation so you can go back and see how we did.

This result was pretty lucky, oftentimes we end up trying to explain the old Idiot-Imbecile-Moron scale:

IQ:   0-25 Idiot
IQ: 26-50 Imbecile
IQ: 51-75 Moron

Other terms e.g. dolt and dullard are not part of the scale although cretin is sometimes used informally to refer to a high-functioning moron and/or a fund manager.