Read the latest interims.......just make sure that you are sitting down.

onwards and upwards! This little gem has hardly been noticed by the big boys yet glad we're in early.

Fantastic news! - great post, Ian, thanks!

So the expected production ramp-up by year-end 2007 compared with year-end 2006 has increased from 56% to 225%. And the best bit is, we still haven't seen the company post a full year's results for its planned full capacity for this year of 80MW, so there is a lot more growth to come.

I like the sound of 300p, which could now easily be realised by the end of this year, however, by my reckoning a price of 8 a share could be on the cards over 18 months.

PDYOR, etc.

Quarterly results due in mid-November? I can't wait . . . .

Nice rise this afternoon: SOLA Bid: 210p Offer: 214p Change: 11.5 2.3 mil shares traded.

Had a feeling it wasn't going to stick at 200p for long.

If its good enough for SCSW then its good enough for me , editor has a holding in it too I believe.

At this rate it will be at 3.00 by mid Nov.
If only IQE had done me as well.

i agree that this is a very interesting stock indeed, but don't forget that neither markets nor stocks rise (or fall) in a straight line ....... Both Dow and FTSE are now overbought and are due for a correction, albeit that that may only be for a day or two ..... If that happens, i would not be surprised to see some quite heavy profit taking in SOLA, which could then present a buying opportunity

cynic - are you waiting to get in, holding or/& waiting for the drop?
I am holding, but happy to take profit & buy again if your prediction is accurate.

confess i took a profit a couple of weeks back as i did not want to stretch myself, and had my eye on a couple of others that happened to do well for me - SHP and FTSE ..... I am now out of those too, and also TLW which is close to a quite strong resistance ...... So, i now have ample funds in hand as and when needed, and more to the point have managed to be prudent for a change.

Good to hear a success story for a change (fed up with oil dusters!).
The tricky bit is now knowing when the bounce will come, but a trailing stop should allow for that.

I think it's possible to get a little too tied up with charts on some stocks. SOLA is growing and producing profits at an alarming rate and I wouldn't trust myself to time things correctly if i was trading the stock. As it is, I have been in for two months and am up 51%. The good news is going to keep flowing for a while, so I see no reason why the SP rise shouldn't continue.

SOUL* ..... you were absolutely right when you brought this company to my attention, and i agree the company looks great ...... only really took profits as they had gone a little sleepy and i had my beady eyes (correctly for a change!) on a couple of other things.

As i said, if there is some decent profit taking, which is far from impossible within the next couple of weeks, then i shall be buying in again.

The following was posted on the other side and allegedly summarises a 'buy' note by Credit Suisse. Haven't read the original material myself, but the other lot are going mad for it.

matt9991 - 12 Oct'06 - 19:26 - 6164 of 6499


Summary paragraph from cs note

China based Renesola listed on London's AIM board in August, this year, at 79 pence. Currently trading at 200 pence, we think its worth at least 300 pence (50% upside). Its competitive advantages include proprietary technology, scale and cheap labour. Not only did the original investors not sell into the IPO, but some increased their stake at IPO price. The company is increasing capacity at a phenominal pace and has already pre sold for 2007 90% of current installed capacity. Credit suisse's research team does not formally cover the stock but our back of the envelope calculations indicate that the company is likely to make NPAT of US$50mn in 2007 ( from an estimated us$18mn in 2006) and us$100mn in 2008. At the current price of 200 pence, this puts the stok on a p/e of 7x for 2007 and just 3.5x for 2008. Next catalyst: 3q results to be announced mid-november.

Please excuse spelling. My 10 month old has been hiting me with her drink bottle.

END QUOTE

I have SOLA on my Newswatch here, and nothing shown ..... The English on the pasted document does not strike me as one would expect from a professional source, so treat with care ..... That said, SOLA is certainly one to watch, though it is always worrying when the lemmings jump on board

Cynic you're right - this is a summary by someone who read the article, not the original as I pointed out.

True there are a fair few lemmings about - but on this occasion they seem to have beaten the institutions to it, which is the name of the game, is it not?

even so, i am reasonably certain (and i dare say Ian would confirm) that if there was a buy/sell note out from an institution, it would show on Newswatch

Evening all,

An excellent end to the week with Renesola and, by the looks of it, quite a bit of momentum behind it now to carry it forward towards the 3 mark for starters.

Not 100% sure about the Credit Suisse note that originated on you know where. Certainly the boys on the other side have got very hyped up about things and, quite frankly, it's not doing the value of my holding any harm so I cannot complain.

The general bullishness of the market has, of course, helped many of the Bulletin Board favourites so it will be interesting to see the extent of any markdown should the general stock market hit any significant turbulence.

Having said that it is encouraging to note that the share price has made steady progress throughout the week rather than a sudden jump up on no volume.

It's looking very good but don't be too surprised if there is a small correction at some stage before heading upwards again.

Ian

Taliking of lemmimgs and for you scepics as to the authenticity of the buy note from Credit Suisse, the actual note plus other stuff can be got from

elric@lemminginvestor.com

i e/mailed and got the reply a few hours later. It is genuine Cynic, lemmings themselves give an eventual SP of 20, yes 20

thanks for the input both Ian and Paul .... can't really be cross with myself for taking the profit when i did (at 180), as i certainly did very well with the subs, even if it seems i sold out (at least) slightly prematurely of my FTSE position ..... but no one ever went broke taking a profit.

i am sure i shall be back into SOLA, but have yet to determine the timing ..... greed and brain dilemma yet again!

for what it's worth, and i grant you the answer is probably, "Not a lot!", below see a summary from the MMA trades page for yesterday.


13/10/06 16:53 221.64 32,000 O 224.0 231.0 Total Buy 648,641 Total Sell 1,120,004 Unknown 160,341


so notwithstanding SOLA's strong performace yesterday, sells would seem to outnumber buys almost 2:1