FSLR First Solar

[Condors]

Whatever is said about FSLR, it hasn't benefited from the whole of uptrend in the broad market in the last few months.

Now I see that although the indexes and many stocks are printing new yearly highs, FSLR has an ominous looking double top on the chart with a strong down move so far today.

Not surprising as analists have been slapping it with downgrades all year.

Being an alt-energy stock it has it's own dynamic, but it's still relatively weak and a good punt for a short IMO.

[Condors]

The double top hypothesis looked to be in trouble, but gapped down after earnings... trading at about $126.50 right now.

"The company said it earned $153.3 million, or $1.79 per share, for the quarter that ended Sept. 26. That was up from $99.3 million, or $1.20 per share, during the quarter that ended Sept. 27, 2008.

Revenue rose 38 percent to $480.9 million from $348.7 million a year earlier.

Profit topped the $1.74 per share that analysts surveyed by Thomson Reuters were expecting, but revenue was shy of the $528.8 million average estimate."