mikey382

time to follow QQQ's (down)

Short
NASDAQ:FSLR   First Solar, Inc.
FSLR generally tracks closely to QQQ's, and recent divergence is temporary in my opinion

While its possible that the QQQ's break to the upside and exit their bear market, the more likely scenario is for the recent bear market bounce to fizzle out and we'll at least see a re-test of June lows.

repeat of June 03-16 would be 17% decline for FSLR --which puts it at ~$112. QQQ's only lost 12% in that time frame, but note that the low average daily trade volume for FSLR contributes to its price volatility both directions

here is a quick comparison I did of volume activity of FLSR vs a couple of its peers:

First Solar, Inc. (FSLR)
MCap 14.7B
Avg. Volume (10) 3.91M
Avg. Vol x price = 537,742,300 (0.37% of MCap)
10.69% of Shares Held by All Insider
82.20% of Shares Held by Institutions

Sunrun Inc. (RUN)
MCap 8.09B
Avg. Volume (10) 6.02M
Avg. Vol x price = 228,783,400 (2.82% of MCap)
5.90% of Shares Held by All Insider
95.03% of Shares Held by Institutions

SunPower Corporation (SPWR)
MCap 4.83B
Avg. Volume (10) 3.559M
Avg. Vol x price = 98,904,610 (2.04% of MCap)
51.3% of Shares Held by All Insider
39.41% of Shares Held by Institutions
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