Tuesday, April 9, 2013

The Market Is Rigged

On April 9 2013 at about 1:30 pm First Solar (FSLR) released news that they expect a better year than the market was expecting.  It makes sense that some of the PV solar stocks like SOL, SPWR, and TSL also had a price spike when FSLR announced this news.  See the curves above.  What is interesting is that KIOR and AMRS, two firms that play in the bio-fuels space got similar kicks in price.  There was no positive news about cellulosic fuels and the only reason the stocks spikes is computer based trading that kicked in.  The SEC should investigate because as sure gravity is a fundamental force these stocks will soon be headed back down.