NexusFi: Find Your Edge


Home Menu

 





SCTY SolarCity Corp


Discussion in Stocks and ETFs

Updated
      Top Posters
    1. looks_one Big Mike with 15 posts (5 thanks)
    2. looks_two shodson with 3 posts (4 thanks)
    3. looks_3 tturner86 with 3 posts (4 thanks)
    4. looks_4 Xelaneb with 2 posts (1 thanks)
      Best Posters
    1. looks_one tgibbs with 2 thanks per post
    2. looks_two shodson with 1.3 thanks per post
    3. looks_3 tturner86 with 1.3 thanks per post
    4. looks_4 Big Mike with 0.3 thanks per post
    1. trending_up 7,283 views
    2. thumb_up 16 thanks given
    3. group 5 followers
    1. forum 25 posts
    2. attach_file 7 attachments




 
Search this Thread

SCTY SolarCity Corp

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603

SolarCity (SCTY)

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
How to apply profiles
Traders Hideout
Exit Strategy
NinjaTrader
REcommedations for programming help
Sierra Chart
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
22 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603


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

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603

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.



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #5 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709

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.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603


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).

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #7 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709


Big Mike View Post
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.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #8 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603

Solar City on fire today

SolarCity Proposes $54.4 Million Securitization Placement - Bloomberg



I am up 114% on this one.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #9 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603

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

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #10 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603


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

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on June 21, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts