FSLR - First Solar Inc - Page 2

so you believe it could go to $100?

yeah this is one volatile stock we broke the 52 week high today

It looks like it has tons of volume and upside.

The multiple is a bit high but it is worth paying for the stock even at these levels due to their high growth.

You have made some money so far on it wallst.neil. Fundamentally the stock looks great. Their organic growth rate is just amazing. Assets have increased considerably along with their ROE and ROA. Operating income which is really important, IMO since it tells us how prductive their active tangible assets are is just astonisihing. Technically it is signaling a somewhat overbought stock but if you look atit as a short term trade 2-3 months then I think you could make money on it.

There is two things that worry me about this stock. First, its PE is high. Yes he growth rate is high as well and the solar panels are probable scarce hence making them king in the business but still its a bit to high. Second, the stock has left soem run-away gaps along the way. A stock doesnt necessarily needs to close their gaps but because of its behemoth run the stock might close its gap before making new highs.

All in all I like the stocks future.

Yes, I was thinking the same Bull. I am a little concerned about the gaps, not so much the high P/E though. I do know Cramer thinks it might double or tripple THIS year. I am always a little skeptical when he says that about stocks though.

I like this company too, but there is a technical scenario that may be setting up for a decent short...IF it doesn't continue through that upper resistance, we would then have a double top, and then if it happens to break below that lower trend line, it might be time for a short..hopefully it doesn't happen and it just keep on truckin instead...

http://stockcharts.com/h-sc/ui?s=FSL...000&listNum=11

GL

I dont understand why Cramer talked about this stock because it is obviously very risky right now. There are atleast two gaps that we know of that need to be filled. IMO this will start to head down Mon maybe tuesday if we are lucky. Who all here owns this?

Usually when Cramer recommends a stock the stock jumps after his recommendation and then comes back in a bit and then starts its uptrend again. This doesnt apply to all stocks but thats the general trend of all the stocks that he recommends.

Also those gaps might be run-away gaps so the stock doestn necessairly have to fill them.

That is true. Have you been following Level 3 (LVLT)?

It looks like this stock is fittin to do what LVLT did back in January of this year. Double-top, pull back, then on up.... Thats how I see it anyway.

Did you all hear that FSLR is being added to some NASDAQ index? Should this help the PPS?

NEW YORK, March 9, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. ("NASDAQ") (Nasdaq:NDAQ) announced today the results of the semi-annual evaluation of the NASDAQ(r) Clean Edge(r) U.S. Index (Nasdaq:CLEN) and the NASDAQ Clean Edge U.S. Liquid Series Index (Nasdaq:CELS) (the "Indexes"), which will become effective with the market open on Monday, March 19, 2007.

The following six securities will be added to the Indexes: Canadian Solar Inc. (Nasdaq:CSIQ), First Solar, Inc. (Nasdaq:FSLR), JA Solar Holdings Co., Ltd. (Nasdaq:JASO), Solarfun Power Holdings Co., Ltd. (Nasdaq:SOLF), Trina Solar Limited (NYSE:TSL) and US BioEnergy Corporation (Nasdaq:USBE).


The Indexes are designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Indexes include companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the indexes cover are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials.

Yes I read about it.

I think that many people already knew about it and it is already priced in the stock. I tmight get a lift on Monday becuase some people like us might not have known about it but if it goes up it will not only be becuase of this piece of news.

Up nice today. I am definately selling tomorrow morning and taking my fat profits I will buy back when it goes lower though.

Here's a tip for ya. AMAT. Going to get into solar in a big way and has a P/E of 15 right now. It's been channeling from 15 to 18 for awhile now. When it's solar takes off could be big.

http://www.fool.com/investing/high-g...gvisit=y&npu=y

Not investment advice.

YOu aregoing to do the smart thing Neil you are about to take profits. I took profits today eventhough the stock looks like it might have one more up day before correcting.

But Like I always say, a profit is a profit.

It is a bit overbought right now but this is a $60 stock in the long term.

Oh..so you were riding this one with me? What did you buy in at? And yes, I agree this is a good one for long term. To be honest with ya I never expected it to keep going like it has, I thought today was a down day for sure but anyway Im putting a limit sell in at $58-59 tonight.

Yes I got in this morning and sold it this afternoon.

Got in at $52 and got otu at $57.50

I saw that the stock was reacting well despite the neutral market and saw that there were some big buys comingin so I knew some late money was coming in.