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1 point   posted on 08/01/08
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Ry_3d320
35%
-24.50%
 risk: conservative

is there a way to pick a target entry point?


Hi,

I would like to put a bullish call on FSLR to about 335.00 but it's in a range right now and I think it's going to swing down to around 255.00 - is there a way to input that so I wouldn't take up a position until then but it would execute the "trade" automatically?

  Related to:  
FSLR First Solar Inc.


Comments (9)

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allstarinvestor   85%     0 point   commented 477 days ago reply

basically a stop market order?

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Jpeg_sun4agk
Locationh   61%     1 point   commented 477 days ago reply

Do your homework!! With a PE of "111" you would even consider this company? Their CFO and EVP have been selling off like it's going out of style.

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Kbe_4-14
nextfundmanager   N/A     1 point   commented 477 days ago reply

well when a stock goes up 800 percent in one year it is hard for revenues to keep up hah

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Ry_3d320
coreadrin_47   35%     1 point   commented 475 days ago reply

yes but if you look at it from a strictly technical side it's going to have strong support around that low number and be trading through a range of about 350.00 but I wouldn't touch it until it goes down to support and proves it'll bounce off.

Kind of like a stop market, but more like a long term bid that would hold on here. Is there a way to do that?

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Ry_3d320
coreadrin_47   35%     1 point   commented 475 days ago reply

P.S. I would never buy and hold this company at these numbers. But one thing I really do like about them is their particular wafer uses only 60% of the silicon a traditional wafer uses so they can pump the modules out way faster than the competition - that's what has been holding a lot of the solar companies back is silicon shortages which makes the price stupidly high which in turn increases manufacturing costs.

If/when the market finds true value, most likely a good sized crash will result because all of the dumb money will start dumping positions as we have all seen all the time. That's about when i'd consider picking up long-term shares on FSLR. Besides in 10 years these guys are going to be treated similar to Utility companies and should be offering dividends so I'd be apt to buy-and-hold for a long time.

But, no, Locationh, this particular trade is strictly technical and I'd only be looking to pick up a 2-3 week swing and make 20+ a share nice and quick. You know, vacation money :)

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traderdrew   51%     1 point   commented 473 days ago reply

sounds like you have a reasonable strategy for the stock, hopefully it pans out for you my friend

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krprasad   84%     1 point   commented 472 days ago reply

why dont you keep it in your watchlist and execute the trade after your are satisfied.

why do you want to trade such a volatile stock automatically

what if one day bad news comes in and the stock tanks to 255 and your trade gets executed?

set up an alert somewhere (in tdameritrade i can do it)so that you wont miss the event.

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Untitled-3_copy
Tom Allen   64%     0 point   commented 436 days ago reply

Look at the P/E. This isn't a stock to long. Well I use MACD and buy on a bearish day.
Yeah it's a stop market order, but still at that price it is still overrated.

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Jesse_livermore
Kevin Watson   N/A     1 point   commented 434 days ago reply

FSLR is trending down .... It broke out for the first time from its bullish trend on 4th June 08.... This was telling me that the stocks bullish climb was coming to an end.... On the 26th June 08 FSLR gave me a confirmation signal which means it is turning into a BEAR.....Since then it has slowly been trading down....The stock is now at what I call a "Bearish Reaction" it has fallen sharply within its Bearish Trend..... From here I will wait for the stock to rally to the upper trend line @ 270.... if it does it will not go much higher and that is when I will go SHORT..... Always trade in the direction of the Markets.... The markets are Bearish so trade stocks short...


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