Wang’s Happy Trading

Submitted By Optiondragon

The Strokes, You Only Live Once.
Drowning in oil as oil prices rise!

From Briefing.com

This morning FSLR is the story in stocks, they beat the highest estimates on both the top and bottom and i am listening to the CC right now. Future pricing goals are on track. Guidance: First Solar-FSLR to be at full capacity by Q4 ‘09 to meet growing demand-CC
FSLR expects to be at full capacity with all four factories in Malaysia by the fourth quarter of 2009, which will bring total announced companywide annual production capacity to approximately one gigawatt based on the demonstrated fourth-quarter 2007 production run rates at existing lines. Demand for products remained robust during the fourth quarter and they continue to experience market demand in excess of supply. FSLR sold 75.8 megawatts in modules at an average sales price of $2.60 per watt. :theflyonthewall
First Solar-FSLR expects FY08 revenue $900M-$950M-CC :theflyonthewall.com
Wow they upped guidance by over $100+ million expected is about $812 to $900-950 million on the highest estimates. Amazing performance and possible future performance. Very Bullish.
It looks clean and they will probably move like ISRG did after their numbers due to the float and the amount of pessimism going into the numbers. FSLR is expanding in Europe. Big gap up and run should be sustained. Biotechman says based on the avg revenue targets for 2008 at $925 million with a 91 multiple, $2.83 EPS 2008 est, Biotechman gets a $263 price target for the year. All solar plays are strong this AM and the market is responding favorably to the retail sales this morning.
Just In: First Solar-FSLR: Reiterate Buy and $275 target after very strong results@AMTR
Am Tech attributes the upside to strong yield improvements in Germany and currency tail winds. They would continue to be buyers of the stock even with the pre-market rally.
This is very positive as well as Cramer coming out with strong bullish comments this AM which will probably lead to more bullish comments on Mad Money tonight.

Blue Nile disappointed and is gapping down.
Arch Coal-ACI downgraded to Neutral from Buy@LYON
Calyon downgraded shares on valuation. :theflyonthewall -expect coal weakness and one of our member traders called a downgrade couple days ago based on valuation and was right.
MasterCard-MA and USA Technologies-USAT expand PayPass
MasterCard Worldwide and USA Technologies Inc. announced the expansion of ePort cashless payment terminals to 17,500 vending machines nationwide, adding more than 4,000 new locations that accept MasterCard PayPass contactless payments. These locations are throughout New Hampshire, New Jersey, California, Washington, Michigan, Illinois, Florida, North Dakota, Ohio, Arizona, Texas, Georgia, Massachusetts, Maryland, Iowa, Minnesota and New York. :theflyonthewall.com– more revenues for MA and this could also have a positive impact today on MA.
Google backs off Yahoo; Microsoft sale appears more likely-WSJ
Yahoo’s (YHOO) fate may have been sealed, as its hope for an advertising deal with Google (GOOG) has apparently ended, making way for Microsoft (MSFT) to pursue it’s acquisition unless Yahoo comes up with another alternative, according to the Wall Street Journal. :theflyonthewall — As The World Turns and the soap opera continues.
Market is reacting favorably to the retail sales:
Futures point to a sightly higher opening; January retail sales beat expectations
The futures are now pointing to a slightly higher opening after the release of the Advance Retail Sales report for the month of January. Individual retailers reported disappointing January sales, after a lackluster holiday season, as consumers pulled back in response to rising fuel prices, a slumping real estate market and an inconsistent stock market. Investors were looking to see if the government’s broader sales figures show a further retrenchment. Expectations were for a sales decline of -0.3%, but after taking out auto sales, they were looking for the figure to be up +0.2%. The number, just released, showed that sales actually increased +0.3% with or without auto sales. :theflyonthewall.com
AAPL gets another Outperform reiteration from Pacific Crest saying that they believe attractive component pricing should mean additional upside to gross margin and thinks shares are trading at a trough valuation.

Happy Hunting, go get ‘em tiger.