The green arrows and links to 'press releases' are my way of making random bullish excuses to convince myself this isn't some crap penny stock. i have no real faith in this play, just throwing a few grand at it on a "friend" RECO.
The SOLAR sector has some of the most bearish looking charts out right now and like they always say, ...
... "Don't try to catch a falling solar panel!"
... but the new 52 week low under $100 reversal in First Solar (FSLR) triggered a buy SOLAR signal. With recent defeats in CSIQ and SPWRA, i went for a low risk swing trade in Suntech Power (STP) common. the chart shows a potential iH&S and $1.50+ range box. LONG STP.
BUY the FEB 17 calls"on the dip" ... options volatility "should" increase (higher premiums) as we head into EARNINGS on WEDNESDAY!(bounce play/earnings appreciation play)
p.s. the BIG San DiegoChargers post-playoff Question: ... will Nate "ned" Kaeding make a field goal in the PRO BOWL?