Sell First Solar on Goldman Sachs Upgrade to Strong Buy. Goldman Sachs is very bullish First Solar giving it a target of $100 on government funding. Investors jumped on the wagon buying aggressively at $72 on the same day the media announced it, but is Goldman Sachs buying shares or selling them onto you?
I do not know but Vieira used the opportunity to sell short First Solar! Know more how Goldman Sachs is blowing up investors portfolio.
We think that investors interested in speculative stocks fueled by government funds may wish to wait for better entry prices. Goldman Sachs is well know to upgrade stocks at a top before an important correction in the markets.
It’s not uncommon to see an upgrade by Goldman Sachs (GS) or Piper Jaffray (PJC) resulting into a stock market crash.
Refer to how to invest in Kite Pharmaceuticals (KITE) or American Express (AXP), one of the best selling short opportunities in the financial sector.
Moreover it’s not uncommon to see the biggest stock market rallies in history on Goldman Sachs downgrades to Sell – refer to Abercrombie Stock Forecast 2016.
I still remember government funds fueled bubble stocks as Apollo Group (APOL) with the connivence of the FED to almost $100 per share. A few years later they are trading at single digits.
I believe investors have to make the hard questions before gambling in the stock market. You may wish to start with a simple one.
Which was Goldman Sachs rating on First Solar at $40 a couple of months ago? neutral which is equivalent to sell. Hence, why buy the stock at $72? The fact is that Goldman has never made a good call in solar sector.
Piper Jaffray (PJC) is the closest resemblance to Jim Cramer on Wall Street. Know more how investors went bankrupt investing in FitBit and GoPro, strong buy ratings at this American entertainment firm.