FSLR trade
FSLR had been pulling back from its high of 2/18. For 8 out of the last 9 bars, FSLR had closed lower than its open and had dropped almost 30pt straight from its high. We entered on 3/3 at around 146.5. Turned out we were still 6 days early. FSLR dipped down as low as 137.1 intraday along with a very weak solar sector. On 3/14 the nuclear crisis in Japan stirred interest in the solar sector as the alternative energy source. We got out a day later as we chalked up another very profitable trade.
March 18th, 2011 in
good trade
