FSLR - StockBuz Chart Gallery

This one's not for the faint of heart. #1 I'd point out that the stock did not continue to plummet when it's CEO resigned two weeks ago. While there was extremely high volume, the shares were met with buyers; otherwise it would've fallen even further into a pit of no return [I view this as bullish]. #2 It's already lost 85% of its market cap. Even with slow economic growth and subsidies having been cut back, I have to ask myself at what point does a stock trading at 6x p/e become valuable to hold as an investment? At least FSLR is an industry leader; not a wannabe. #3 If you notice the Bollinger Band on this weekly chart, every time price traded sideways, or away from the BB, it experienced a rally in the months that ensued. So yes, this is a risky one but one I feel could take us up to trendline resistance [near the 20wk SMA] and who knows, maybe even further. I would place my stop a few dollars below last weeks low but I think you get the point. I would welcome your feedback, questions or comments.

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StockBuz December 7, 2011 at 9:12am

FSLR fighting it's 50d today on news Warren Buffet is buying their Topaz facility. Ca'ching! One less liability for the company. Took a partial and moved up my stop to above break even. Let it run and see where it takes over the coming weeks

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