What Happened To JA Solar (JASO)?

Late yesterday shares of JA Solar (JASO) spiked lower out of the blue with no news being reported.  Many are wondering what happened and of course the speculation is swirling.  The rumors range from another “fat finger” event (aka accidental sell) to a short raid to imminent bad news.  Whatever the reason it’s not going to give traders any confidence in shares of JA Solar for some time as shares continue to plunge lower and lower.  It doesn’t bode well for JASO and doesn’t bode well for the China solar stocks as a whole because JASO is one of the biggest.  It should be noted however that shares did recover into the close, holding above the $5 level.  That level is holding again today, so it could be an important level of support to watch in the coming weeks.

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