This thing just keeps going down.  They raised 2Q forecasts.  What
gives?

the entire sector is getting massacred, I don't know why. Are the
_proposed_ Spain subsidy cuts really that bad? The market thinks so
apparently

IIt's tough to watch for sure. I think in this market, bad is good,
and good is bad. EX: Abysmal financials picture with results to match,
but still a 30% upward retracement from the May low (Until today :) on
the announcement of those nasty results. Why, because traders don't
have anything to rely on other than what they're computer programs
tell them to do. Computer programs are currently telling them to SELL
SELL SELL Solar. So they do. Soon their computers will tell them to
BUY BUY BUY, and so they will. I think that's the way it works. .

I suspect that WFR's earnings helped destroy solar today. Though I
find that ridiculously stupid.

Earning expectations for TSL are greater then for any any other solar
company and TSL has beat every Wall Street expectation for the past
year. Surprisingly it's PE is among the lowest in the sector. If you
bought TSL for its basic fundamentals at $50 then you should know that
nothing has changed except it became an ever more productive company
and you should be quite content with your purchase. If on the other
hand you speculated hoping to turn a quick profit then I can see some
frustration. Either way in the long run TSL is a good buy wether you
bought at $27 or at $63. Hang in there, sell only if the company's
fundamentals change for the worst.

Unfortunately, what I see so far in this sector neither fundamentals
nor " beating the Wall Street expectations" doesn't have anything in
common with the fact how the market behave with the solar stocks, you
can't explain it in any reasonable, sensible way. The stocks are the
tool for group of crooks with priviledge of trading "after hours",
on"pre- market", selling the stock they don't have (naked shorting
legal in american law- outrageous). It shows whom serve the stock
exchange- one is sure- not the normal people who check the results,
charts etc.If any of you disagree prove I'm wrong on the above
mentioned example.

actually naked shorting has always been illegal.. SEC has only chosen
to enforce it now

not gonna lie.. i am getting the i want to jump off a bridge feeling..
hopefully that means the market will turn soon.. i was panicked out of
ener at 22.. and you can see where it is now

To Chris.Chudko
I think you have to admit that naked shorting has been tolerated
although as you say (write) officially is illegal. By the law you have
to deliver the stock within 3 or 4 days but at the moment of trading
nobody even bothers to check if you phisically have or not the stock
you are selling. Moreover, if you fail to deliver the stock, you just
have to buy it back. Nothing added nothing taken away. So, in
practice- how is it illegal?

Trina basically lent out in stock the full amount of money they
borrowed and are still paying 4% interest every six months on what
they borrowed.  So, what risk is there to the lenders?  If they sold,
they've already recouped their entire loan.  What does that tell you
about their thoughts on Trina's prospects?  Why are they paying
interest on the loan if they haven't really borrowed anything because
of the stock issued as collateral?  Does that mean the lenders will
get the interest, plus any appreciation?  Why such a good deal if
their isn't inherent great risk?

Hello, Trina sold convertible notes, not stock. There is nothing
unusual about that. The reason they pay interest on the notes is
because the note holders can't convert them into stock until they
mature in 2013. And by the way, 4% is low.

Well The way I read it :

"Concurrent Offerings of $138 Million of Convertible Senior Notes AND
4,073,194 Borrowed American Depositary Shares"

The sale of the borrowed ADSs was intended to facilitate privately
negotiated transactions or short sales by which investors in the notes
will hedge their investment in the notes.

So the borrower must have shorted the borrowed stock - which probably
says why we are down from 34 to 26. This seems unusual - they
facilitated the short sale of their shares ?

"The ADS Borrower will be required to return the borrowed ADSs
pursuant to the ADS lending agreement by the scheduled maturity date
of the notes in July 2013."

I guess which means, the shorts don't have to cover for a long time..

No, the lenders received approx. 4 million shares of stock @ $29 and
change for the transaction.

Well your statements still don't make sense to me. My understanding is
that the "lender"of the borrowed shares is Trina Solar. The 4%
interest will be paid to the holders of the convertible notes. JASO
did something similar back in May and the stock rose in the week
following the announcement

It says the shares have been borrowed for hedging purposes. This means
that the bond holders have them. The idea is that by shorting these
stocks, the overall position becomes delta neutral, so they no longer
care which way the price goes. The bonds give them an upper bound on
the price they need to pay to cover those shorts. They will never get
"short squeezed" for that reason.

The lenders must have been pretty worried about being repaid if they
needed to get the stock lent to them for the full value of the loan.

yonil:  That's what it says, doesn't mean they haven't already sold
them at the $29+ and bought back at the lower prices the last few
days.  So they've made money already, plus they'll get interest.
Again it goes to the risk they saw in the going concern

Ok, I see your point now, but as I said before this isn't that unusual
of a transaction. It may have more to do with the market in general
than it does with TSL's prospects. I'm certainly not going to worry
just because the note holders wanted to eliminate their risk.

dudes.... which part of delta neutral was unclear to you in yonil's
post? short sale added additional pressure to overall horrible market
conditions and here we are... so stfu and buy...