Top Takes: FSLR, TZA, WMT
The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.
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1. First Solar and German Market
By Mark Haefele
10:59 a.m. EST
The latest news that the German government will eliminate subsidies for solar projects on farmland is a big hit for First Solar (FSLR) because Germany is its largest market and if FSLR's technology is competitive at all, it is on ground-based installations. On the recent conference call management refused to discuss how German subsidy cuts would affect FSLR's performance. But sometime soon, the company is going to have to incorporate the German cuts into guidance. I think this growth stock won't find new buyers until it becomes a value stock.
Short FSLR.2. TZA -- Taking Some Off
By Timothy Collins
11:02 a.m. EST I've sold the Direxion Daily Small Cap Bear 3x Shares (TZA) March 10 calls at 45 cents (paid 39 cents). I realize this looks small, but up 15% with a market I don't trust to stay down, even for a day, I will limit short exposure. Long TZA.
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