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SCTY SolarCity Corp


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SCTY SolarCity Corp

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SolarCity (SCTY)

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As another brain child of Elon Musk, I bought SolarCity earlier this year



It's currently up 101%. This is a long term position for me, just like Tesla is (currently up 325%):



There has been some good news and track lately, such as this a few days ago:

Solar Industry Heats Up Before Incentives Cool - Yahoo Finance

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This is where I bought:



At the time that channel line was not there, it was simply a small dip below a double bottom, and to me signaled a buying opportunity.

I initiated on September 3rd at $29.49.



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I'm a long-time customer and a Musk fan as well. I remember hearing about the IPO but I didn't participate, not part of my trade plan. Nice going Mike.

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shodson View Post
I'm a long-time customer and a Musk fan as well. I remember hearing about the IPO but I didn't participate, not part of my trade plan. Nice going Mike.

I looked into solar for the new houses in Ecuador but decided it wasn't really worth the upfront expense. Most of the cost here in Dallas is due to air conditioning, which for the most part won't exist in Ecuador (minimal usage of ductless wall units in each room).

Still, there are energy costs from all my computer equipment that runs 24/7. Here in Dallas I estimate that costs me around $100 a month. Ecuador kw/h is more expensive, but I can't find any company like SolarCity doing installs in Ecuador, probably because for the typical resident it's just not worth it (unlike for example, California).

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I looked into solar for the new houses in Ecuador but decided it wasn't really worth the upfront expense. Most of the cost here in Dallas is due to air conditioning, which for the most part won't exist in Ecuador (minimal usage of ductless wall units in each room).

Still, there are energy costs from all my computer equipment that runs 24/7. Here in Dallas I estimate that costs me around $100 a month. Ecuador kw/h is more expensive, but I can't find any company like SolarCity doing installs in Ecuador, probably because for the typical resident it's just not worth it (unlike for example, California).

Mike

SCTY is arb-ing the govt subsidies. They take the subsidies and pass on (most) of the savings to the customer. Corps get better subsidies than residents, so it makes sense for them to take the subsidy and offer low-cost financing to residents in return.

Keep an eye on the subsidies. There is pressure to get rid of them, or lower them. Here in CA the electric companies are complaining they aren't getting $ from solar residents for transmission costs but they have to rebate the residents 100% of the cost (generation + transmission). If the public utilities commission raises prices on solar customers then that makes the value proposition a tougher sell (at least here in CA). Also, a lot of the subsidies Europe used to enjoy have been eliminated or, at least cut back. That could happen here too. So, watch pressure on govt subsidies here in the US. That is your fundamental signal to sell.

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Solar City on fire today

SolarCity Proposes $54.4 Million Securitization Placement - Bloomberg



I am up 114% on this one.

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SolarCity Launches Give Power Foundation(TM) to Provide Solar-Powered Lighting to Schools Without Electricity - Yahoo Finance

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SolarCity Corp. (SCTY) Has Jumped To A New All-Time High - NASDAQ.com

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I remain long SCTY for now, in from 29.49 up 120%



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I'll be buying SCTY ahead of earnings, expecting a beat.

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I sold about 1/3rd of my SCTY position today.



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SolarCity to build the world's largest advanced solar panel factory in upstate New York

Solar at Scale

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I sold about 1/3rd of my SCTY position today.



Mike

I forgot to post here, but I bought SCTY on June 3rd at $49.27 and my average is now 41.23:





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Quoting 
New @ SpaceX HQ the SpaceX Solar System, installed by @solarcity & currently clocking in at about 4,000 panels.



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I forgot to post here, but I bought SCTY on June 3rd at $49.27 and my average is now 41.23:

And yes I am still holding it.

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Mike



Hmmmm ... I have a yellow airplane ... And a camera ... And suspiciously took a photo very similar to that

Here was another one on the same pass. These were taken when construction was still in progress.



Never would have thought a couple dumpy pictures would make it so far. iPhone camera FTW haha

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Hmmmm ... I have a yellow airplane ... And a camera ... And suspiciously took a photo very similar to that

Here was another one on the same pass. These were taken when construction was still in progress.



Never would have thought a couple dumpy pictures would make it so far. iPhone camera FTW haha

LOL, how cool is that..

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Long Solarcity. plan to add on strong volume move through t/l. stop on close below 40wk/ma. nice consolidation here from move off June lows. low volume on recent down weeks appears constructive. currently painting a doji week at 10wk/ma. Short term, hourly chart balanced. VAL at 69




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I bought the pull back on Wednesday, sold the mean reversion this morning.



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add at 72.85. ... 27% float short

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Google pours $300 million into SolarCity | The Verge

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This is why Elon Musk's SpaceX has been buying up SolarCity's bonds - Fortune

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https://www.yahoo.com/finance/news/elon-musk-supports-business-empire-031300896.html

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Elon Musk’s Tesla offers to acquire Elon Musk’s SolarCity for $2.7B in stock
https://techcrunch.com/2016/06/21/teslacity/

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