One of the more interesting phenomena that can be observed in equity investing is the importance of getting on the right side of a move. This seems to be true whether you are looking at John Templeton investing in Japan at 2 - 3 times earnings and riding that market for the next quarter century or, in the instant case, FSLR in the last month. Some links after the jump.
A quick hit from the Wall Street Journal, June 28:
Clean-Energy Stocks Slide After Biden's Disastrous Debate
Shares of clean-energy companies are sliding in midday trading, a potential sign that investors are beginning to price in a victory for Donald Trump following last night's presidential debate.As we have stressed, from the early days of the blog, the investor must always be aware that climate investing is as much political as it is technological or financial. Our first inductee into the Climateer Hall of Fame exemplified the reality of the game:
Some traders expect Trump to undo some of the Biden administration's climate subsidies if he wins in November.
Senator Simon Cameron D and R of Pennsylvania:
Our Hero
"The honest politician is one who when he is bought, will stay bought."
Recently on First Solar:
June 11: First Solar As Meme Stock (FSLR)June 13: First Solar Received Some Nice Words From Oppenheimer And Baird; IBD Says "Extended" (FSLR)
And Investor's Business Daily says the stock is very extended after the recent run higher.
We pay attention to IBD, In late pre-market trade the stock is down $0.61 (-0.20%) at $300.10.
June 20: "ICYMI: First Solar Caught A Downgrade At Janney Montgomery Scott (FSLR)"
The stock last traded at $227.93 down another $21.99 (-8.80%) though off the day's low, $225.37.
