BabushkaTrader
Short

We go short SOPW at the balance extreme

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We go short SOPW at the balance extreme if we find shares to short.

Solar Power Inc is a Chinese pump & dump stock that has been hyped up to unrealistic prices.

At current valuation the company trades at a market cap of approx USD 650 million but has negative earnings and cash flow and a price to book ratio of around 30 and price to sales at 14 that is NOT price to earnings . The company does not have a lot of cash but the cash to shares is approx 0.02. The company only has 13 employees.

It has crashed some and is now fading which could be the door opening to further waterfalls.

These pump & dumps can spike and squeeze shorts so be careful for a short squeeze but eventually this stock will retrace.
Still no position. Wait for green to red price action if we do not break previous highs. If we break previous highs then we will probably squeeze higher.
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