This is exactly the kind of dumb buying mindset that led people into SUNE in the first place. I’m going to quote myself from earlier in this thread:
“I think it’s been awhile since we experienced a credit downcycle and the combination of the emerging market / energy story and cheap financing lulled a lot of people into a kneejerk indiscriminate, ‘it’s down, ergo it must be cheap’ mindset.”
It’s one thing to buy a beaten down name because you think the market has it wrong or they’re over penalizing them based on the fundamentals (which become paramount in these cases). It’s another to just step in based on some long shot fantasy. I’m not saying SUNE can’t be that name because I don’t follow it, but get your rationale right.
It’s a zero. Stock ripped on a big-time short squeeze earlier – market cap is getting so small, it’s getting close to untradeable for bigger funds – but I think there will ultimately be a technical default. Things are also looking bad for TERP if they can’t unwind from SUNE.
I played the day trading casino on this yesterday and this morning… can’t complain about +61%… just exited my entire position at $0.38. Couldn’t stomach the anticipation anymore even on a very small position.
Didn’t read two pages back…what I saw is people trying to buy this turd on the dip on a few posts above mine. Lots of bad advice being dispensed on this forum, “joke” or not. Therefore, I have to point out the massive shorts when I see them (3-D printing, which surely you must remember? down -90% from peak?; SUNE; etc.)
Ha, ok, got it. Just never thought I’d see sarcasm from dudes that were on the wrong side of the trade. btw I did go back and read the rest of the thread, nice call on this a few months back. Hope all is well.
