Stockchase Opinions

Greg Dean SolarCity Corp SCTY-Q COMMENT Aug 02, 2016

Being acquired by Tesla (TSLA-Q), so by buying this, you are really buying Tesla. He would not bet against Elon Musk.

$24.420

Stock price when the opinion was issued

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COMMENT

Should I Short this stock? He would not Short a stock unless it demonstrates a true topping activity. A break of a trend line and a kind of rounded look, head and shoulders, double top, etc. That is not happening here. His chart is not showing any kind of a Top. The trend is still up.

COMMENT

Elon Musk wants to merge Tesla (TSLA-Q) with this company, which is not popular with all investors. Today is the day to talk about this, because we are seeing that whole alternative energy sector getting slammed in the US because of an administration that is more pro-fossil fuels, which is going to be negative for alternative fuels. The trend toward solar is a global trend and will continue to march forward, so she is pretty positive on it. You either have faith in Elon Musk and that is the direction you want to go or, if you own the stock because you believe in solar, you may want to look at other solar choices. First Solar (FSLR-Q) is a particularly interesting value play today in that industry.