$6.86
-0.09 (-1.29%)
Solarfun Power Holdings Co., Ltd. (ADR) (SOLF)
CAPS Rating:
The Company is a manufacturer of both photovoltaic, or PV, cells and PV modules in China. It also manufactures and sells a variety of PV cells and PV modules using advanced manufacturing process technologies.
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Welcome back Solarfun, oh how I missed thee! After over a 105% run in a matter of days I've deemed them worthy of another such run. Solarfun is producing huge contracts and is set to grow revenues at over 230% this year and 101% next year. They have seen their earnings estimates rise so dramatically most analysts are having issues keeping up with them. How does 4 times forward sound? Just crazy with triple digit revenue growth. If these numbers can hold true this is an $80-90 stock within a year.
Nero
Sagetrade
are you still as bullish of SOLF?
millions of naked shorts are expiring http://www.bloomberg.com/apps/news?pid=c
what do you think the impact of expiring naked shorts will be on the stock? (what is a naked short?)
Naked short selling, or naked shorting, is the practice of selling a stock short without first borrowing the shares or ensuring that the shares can be borrowed. Naked shorting is not necessarily a violation of the federal securities laws, and can contribute to market liquidity, but is illegal when it drives down stock prices.[1] In 2004, the Securities and Exchange Commission (SEC) issued "Regulation SHO" seeking to curb abusive naked shorting.[2]
this means that they will have to buy the shares and subsequently raise the price per share