“Solyndra Inc., a maker of solar modules that received a $535 million loan guarantee from the U.S. Energy Department, suspended operations and plans to file for bankruptcy, saying it couldn’t compete with larger rivals.” [ Bloomberg ]
So much for GuberMint “Guarantee” and Pimpo-Rama by Obama – one more lesson that none should;d mess with economy ( Of course is is no longer “free economy” – has not been ever and even less last 30 years. Don’t blame it all on Obama – he is just what Gorbachev was for former USSR – “all questions-no answers” – you know how it ended up for that country … it is NO MORE … No UNION, NO COMMON CURRENCY, NO COMMON LANGUAGE, just a lot of lonely scared people running around trying to make at least some living….
Crap … I could use those $535 millions!!! Well, MAY BE that money went to some private venture capital firm that was about to lose big? Could there be a fraction of the true in that unethical horrible assumption? No, can not be – corruption cannot be extended that high!!!
Now, on market related note – I am preparing to go short once again, we might be about to witness daily wave 2 down with normally could go almost as low as low of wave 1 (and that is IF it is a beginning of 5 waves UP – I don’t care which way to trade – just like the speed of short trades more.)
I will wait to see at least count 8 of Sell Setup on daily = and will play by ear then.
Hourly reinforces that possible trade idea.