Stocks: Sanjay Shrestha on FSLR

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He was on Fast Money today and he said FSLR is a buy at current level. He says the stock alone is worth $40 in cash and $20 in property. FSLR looks tempting at one third from its highs this year. Another analyst yesterday had come to fast money and declared FSLR to bankruptcy. What do you all think??

sidster · Nov 16, 2011 7:56 PM · 11,442 views

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Now that he's pumping it technically .... play it for the bounce..inverted hammer today(bullish indicator) ..43.60 as a stop ...today's high and 46 and 47 as resistance hoping for a short squeeze, play the stock not marry it fundamentally...who knows... solyndra went bankrupt!!!and if its already below bookvalue it is already so much below book value it can go down further jst my opinions

tyrannyoflogic · Nov 16, 2011 9:08 PM

How abt that call on FSLR!!! Nah not really...it had already hit my stop at 43.60 its low was 43.53 but it had news about takeover PV pipeline .. thus the spike of 2 dollars...but most of the times charts just precede the news...somehow the charts know the news before hand ..i guess (i wouldn't buy it as of this minute though...up too high) later

tyrannyoflogic · Nov 17, 2011 9:33 AM

Bought 10  Dec 50 calls in the name of Brotherhood. I hope brother has pumped the crap out of this POS. It has a decent volume on the first hr of trading. I hope Lazzard bros have some skin in the game on this.   Last edited: 17-Nov-11 09:37 AM

sidster · Nov 17, 2011 9:35 AM

did he disclose his position? or did he have any?

tyrannyoflogic · Nov 17, 2011 9:39 AM

I don;t think so. No one asked him of thier position and he did not reveal. But he was pumping it though.

sidster · Nov 17, 2011 9:44 AM

sold those 10 calls today @ 3.60 At one point they were trading near 0.30 after i bought them for 2.00ish

sidster · Dec 7, 2011 5:01 PM

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