First Solar said Q1 EPS swung to a profit from a 61-cent loss last year and handily topping views for 90 cents. But revenue fell 10% to $848 million, well below expectations for $958 million.
The solar panel maker raised the lower bound of its 2016 bottom-line guidance, and now sees EPS of $4.10 to $4.50. The $4.30 midpoint is in line with estimates.
CEO James Hughes is stepping down effective June 30, and will be replaced by CFO Mark Widmar. Hughes will serve as an advisor and remain on the board of directors."
Now the real stuff. I have a "gentlemans wager" with Tim H who mention FSLR would hit $80 before $50
now that sounds fun , 50 or 80 first , will try to get back to this
G13Man
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log chart yellow lines , the trend is already above 50 ,
linear chart , blue lines , the up trend still shows time to go down to 50 , and to hit 80 , better be quick for the 80
the wicks
hit resistance @ 74.17 and have not broken it
wicks below have no major area of support and are random
, but oil prices determine if solar needed or not [ but i see 1 more push down for oil this year ]
my fun prediction is 50 more possible then 80
G13Man
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oops now add the 200 ma and you see the body above it [wick below]
probable why i have not played this for awhile ,
sometimes the best trade is no trade
Reallifetrading
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Thanks man. I agree. We will see. Solid charts. Both of yours suggest we have SLIGHT downslide left. I might not hit 50 exactly, but I made the wager many points ago, and I'm sure this will get me close enough... ; ) JN
G13Man
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your welcome and thanks , practice is always good and i have been away for 2 months
looking for a trade = ideas from all and doing my own do diligence ,
you should have bet on your first target ;-)