FSLR Update
Phantasmix November 18th, 2008
Originally posted on November 5th: Short Idea - FSLR
Here’s what the chart looks like now (hint: sick dog)
As you can see from previous RSI readings, it can stay short-term oversold for awhile, dropping lower and lower.
From watching it during the day, every day, it doesn’t look good at all. Frequent high-volume dumps, then low volume pumps followed by more high-vol dumps. Majority stake-holders continue to sell, as filings show.
I’d like to cover around $60. FSLR is really teaching me patience while shorting. I’m glad I stuck with it, even just for the learning experience (and some money).
Can it go up again and build the right shoulder?
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