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

Cynic your taking the TA view I suspect and Im going down the fundys path.

Medium term I cannot see this being able to compete using scrap silicon. At some stage its going to have to be able to produce the raw material or buy it in, either way margins will be drammaticaly erroded and the market premium of 1,045% to assets will be erroded away.

A growth company should trade at a premium to assets usually a big one, but this ones rating is ludicrous, lets not forget it only made 11 million profit last year and that was without paying any tax.

The danger signals are looming.

you are sort-of right, though i trade via CFDs which are not time sensitive.
i think the charts + volumes may give clues as to the next direction, but at the moment sp is just drifting rather aimlessly

Cheers cynic I guess we both wear differing hats, at the moment I dont have my traders hat on due to time constraints and am investing for the medium to long term but I have had periods ( a few years at a time) where I have day traded sometimes using elliot wave theory although I cannot be fully converted to his gospel.

Its a pity this once sane thread as been infiltrated by the advfn itinerant loons who show as much knowledge of investing as would an insane nany goat.

It needs a good old bear market to shake them out of the markets and have them running for the hills.

i don't entirely agree, for i have the well-cultivated knack of infuriating even some of the most placid people ...... the likes of Alleyne and Scotinvestor are specifically excluded!

LOL.

Seems to be stalling.

Looks like the bulls have got early jitters over results at the end of this month.

550/552 is hardly stalling, especially with such paltry volume! .... one could argue much more cogently that sp is merely pausing for breath before another assault on the 560 resistance ..... far too dangerous to short (or buy) at this juncture, especially with both Dow and FTSE determined to forge ahead, even if that does not have a direct influence on 3rd-liners such as SOLA

A rolling P/E of 35 looks far too topy.

PI liquidity may becoming an issue. If you look at the number of posters on the loon board across the road who are saying, "if only I had a bit of extra cash" etc.

As Benjamin Graham pointed out, theres an inverse relationship between enthusiasm and liquidity at market tops.

you may well be right, but pissing against the wind can be an unpleasant experience!

Especially if your wearing light coloured kecks.

can ALSO be an unpleasant experience for someone sitting on the fence, as usual.

Looks to be resistance at 560p.

Thats a shame cant wait for it to get to 588p, but that might take a few years.

that is what i said several posts back, adding that that was why etc etc etc (don't wish to write it out all over again!)

Pity then.

Ah well looks like the adfvn loons are now taking notice.

GF ... trying using a comma now and again, then just maybe we could make sense of some of your posts.

Getting a fair flaming on ample.

Now that they are paying tax I cant think it will be long before we see provision for bad debt entered into the P@L account.

GF, don't forget to let us know when , and at what price, you open your short.

A good point made by Evil K in a historical item (simon cawkwell)......

I see that Renesola (SOLA) has published a full year trading statement saying that pre-tax profits will be $22 million. Now this company does not pay tax but on a normal basis that would be earnings of 7.8 million which puts the stock on an historic PE of 72. Renesola has a thin balance sheet and is not a cash generator. I remain short.

Didn't say you went short GF ... from what SP.?