Evergreen Solar Inc. (fka ESLRQ)

[Market_Fest4]

Repost: Maybe my timing is off?


You have at least all of April and the first week of May to buy ESLR at this price or cheaper. It will firm up heading into earnings. But this stock will not begin a real uptrend until they can deliver positive earnings and management can demonstrate an ability to make good strategic decisions. Selling their Devens factory for an extreme loss did nothing to bolster investor confidence in this shaky group.

I think the move to China was strategic and the write-offs and extreme losses taken resulted in the reverse split effect on share price being erased. Tons of red ink showing. I'm hoping it fostered an orgy of selling and wounded longs bailing out.

If I'm correct, ESLR is building a base here. It's possible that one quarter soon, they will have positive earnings of .20-.40 If that happens the stock will be up 100-200% overninght from here. So, averaging in a little each week in April may be a good strategy. Or buying September $2 calls might be good too? Don't know how long it will take them to have positive earning though.
MF4