The Position Makers

evergreen solar (ESLR) rushed right through $14 this morning, peaking at $15.38 before the shorters swooped in for a quick buck down to the $14.80’s. this makes today, ESLR’s 3rd straight gap-up. we’re still miles from the $17 peak earlier this month but there’s plenty of room for a run-up. check it!

i still think eslr’s stock price is a bit squishy, so if you’re thinking short-term, then you can probably count on some more downward movement over the next few weeks–especially as the energy bill gets closer to clearing the senate (or getting shot down). that being said, if you’re a long-term thinker, then get in at any price. (but i’d still think accumulating in lots rather than one-shot would be better since there is pretty high volatility in the stock price).