Wednesday, February 13, 2008

So hot, don't get burned

First Solar's Q4 earnings numbers have main street doing the Snoopy dance. FSLR hit 218 in premarket, sold down to 211, and is now back to 215. It closed yesterday at 175. Is FSLR hot enough to keep bursting higher as a day trade today?

I stayed out of FSLR before earnings. My experience was definite Pavlonian effect. In the past year, FSLR missed only once. I held the bag on that one and sold at a loss. That was more than 110 dollars ago. Doh. FSLR could work as a short-term trade, but as an long-term entry point, this is way out of line.

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