SPWR - bluedog - SocialPicks

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SPWR
Jul 15, 2008 08:14 PM UTC

bluedog

Return	Risk
-6.00%	MID

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
SPWRA		07/15/08	+0.26%	07/17/08

Via Bluedog:

I bought Aug 65 puts on SPWR.

This is an Option Addict recommendation: "I still think if you are looking for a decent trade, the solars and particular energy trades show some short term weakness. Even the strong stocks are confirming lower highs, and the weaker stocks are now displaying lower lows. Take a look at the XLE...not looking so good."
SPWR has risen 18.91% in 5 days on news that Florida Power & Light Co. hired it to build two solar power generating plants, one of which is expected to be the largest in the U.S. Good news, but it's starting to look extended to me. FSLR also looks to be rolling over.
P/E of 314.38.
50 EMA provides overhead resistance.
US Macro is F@#%ed.

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