I am not sure it will pullback much until late Tuesday? Wednesday AM is
earnings. There is a heavy short position right now and a ton of buyers came in
this week. GS, MER, JPM among the few. They added to their positions for their
mutual funds. People are expecting them to blow away earnings and many feel it
is way undervalued like the other solars. This was a stock that was at $40 in
Jan. It dropped to 9.??. Those who have been in it for a long time feel it
should be priced around CSIQ and that their earnings and guidance Wednesday will
be similar or better. If they do blow away earnings the almost 16mil shorts will
be running for cover. The short interest isn't changing because as shorts who
were in while it was at $14-15 are getting out, new shorts keep coming in every
leg higher expecting it to sell off. I would imagine people like myself(who have
been in from $13) will be taking some profit again on Tuesday afternoon. Then
holding on for what is hopefully the earnings we have all been waiting for. Then
piling back in for the enormous short squeeze to $40!
I am a long term holder as I feel solar is our answer. It will become more
affordable, they will be able to harness storing it, and I really feel
consolidation in this industry will happen and rather soon. There is a ton of
money and definite leaders. I also have a small position in ESLR.