Volume Spike Investor

First Solar Inc. (NASDAQ: FSLR) is ugly this morning, but not as ugly as it was last night.   The earnings beat was marginal and the revenues were very soft because they did not include a project revenue target that was deferred.  The guidance is still only in-line for Q4 and the company issued some concerns over the 2010 environment for solar.  After closing at $151.58, shares were under $130 last night and earlier this morning.  We currently have seen 420,000 shares trade hands at a last price down 15% at $128.80.  Average volume is over 3.6 million shares, but we’ll probably see that by 10:30 or 11:00 AM EST if not sooner.  This traded 2.2 million shares alone in the after-hours session yesterday and went out at $127.50. -JON OGG