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Message: ENER - solar play - Chris or anyone?

ENER - solar play - Chris or anyone?

posted on Mar 29, 2010 10:01AM

Saw someone on BNN discussing the large short position on FSLR. The solar plays are beat up even worse than the PMs, and the heavy short position is begging for a short squeeze. FSLR had already jumped, so I bought ENER on Friday.

Ugly chart, but - potential double bottom with positive MACD & RSI divergence. At least looks good for a nice little bounce. With an obvious stop just under 7, I think it's a good risk reward setup.

Any opinions?

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