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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99
To: Sultan who wrote (52796)2/24/2022 3:51:42 PM
From: Sun Tzu1 Recommendation  Read Replies (1) of 97483
 
I'd be wary of the move in the solars. It doesn't make sense to me and it seems to be more a matter of short squeeze than anything else. For example, SEDG is up a bundle today, but they just announced a shelf offering. The news should have sunk them, but the market rally is propelling them higher and shorts have to cover - at least that is how I am reading it. ENPH and the rest of the group are moving with SEDG. So, I think it is the same market dynamics for all of them.
Disclaimer - this is my uneducated guess. I don't have a position in them and have not studied the details.
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