• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 1 day "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 4 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 5 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 331 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 9 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Martin Tillier

Martin Tillier

More Info

Premium Content

Is The Buying Frenzy In Solar Stocks Over?

If you have been reading what I write here for the last few years, you will know one thing about me if nothing else…I love a contrarian trade. Given that, it should come as no surprise that I look at stocks like CSIQ and FSLR in the solar power sector and see them as a sell even though that goes completely against conventional wisdom.

That contrarian bent comes from my background in interbank forex, where less publicized and less dramatic versions of the now famous GameStop (GME) squeeze were an everyday occurrence. We were always on the lookout for a situation where positions were lopsided, knowing that if everyone else were already short, aggressive buying would have an exaggerated effect. There would be fewer offers in the market as the players had already sold and if you could start to generate some upward momentum, those that were “short and caught” would be forced to cut their positions, adding a whole new army of buyers.

After a crazy couple of weeks in stocks like GME, BB, and AMC, most people are now all too aware of that trading technique and know exactly what a short squeeze is. What many don’t really get, though, is that the same thing can happen when everyone is long, only in the opposite direction, and that is what I see now when I look at solar stocks.

The 1-Year charts for CSIQ (top) and FSLR (bottom) look remarkably similar. Both have seen great gains as the expectation of a Biden win in last year’s…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News