FSLR, First Solar.

fslr sept 2011

Two and a half moths ago it looked like a triangle was forming. This may in fact be what has happened except that the e-wave is a bit anemic. In any case the advise was to stop out at $100 if not sold on the e-wave. Now that we are outside the triangle it looks like the original target of around $50 may be a little too optimistic. Over supply in solar panels is running at very high levels, government support programmes for things green are frustrated every where and the panels have become commodities. Much lower prices appear inevitable.