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

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

Cynic - For someone who spotted SOLA before the crowd you can't be serious with your trade statistics can you ?

You know how they are calculated (aka "guessed at"), and the SP tells its own story.

Many a poster knows why this share is northbound, and whilst we've had a whole range of SP estimates (3 - 20 is what I've seen), they are all north of the current price - the fundies tell us all why.

Re:timing of a purchase - given the strenght of the trend you may well find that fine tuning a purchase isn't that necessary - one thing I've learnt over the years attempting the same and missing out on TFC, JCR and others

Flackwell .... i merely reported (copied and pasted) what shows on this site's trading info ...... i neither vouch for nor deride its accuracy ...... in fact sp does not tell its own story, other than the fact that it has risen for the last few days ...... that in itself does not at all prove the statistic i showed as being significantly wrong .... if, at the end of the day, i find i have missed out here, well so be it ..... i have also frequently missed out on selling when i should have done and suffered the consequences!

The momentum has continued into Monday morning ..... so much so that I bought a few more at 232p this morning !!!!

Had time to do more thorough research over the weekend and, quite frankly, cannot see much holding the SP back until we are well north of 300p.

Bit the bullet on SBT to pay for the top-up (at least there will be a big loss to offset the potential profits here for CGT purposes !!)

Ian

and prhaps i have missed the boat, though for sure nothing goes up in a straight line .... at least i didn't have any gambling stocks (not a dig, ian) which many thought to be the next super-sector

Morning all. I have to say I agree with Flackwell (and Ian) about the fundamentals, etc. Apologies to Cynic, whose caution I respect, but given the choice between trusting the charts and trusting the earnings figures I tend to pick the earnings figures.

Today's bijou rise is comforting in a way because it could so easily have been a pullback on profit-taking, yet it shows that the balance of trades is in favour of a higher valuation.

Still enjoying the ride. Not sure if 20 (Two billion for the whole company??!!) is possible as I don't know if the UK market will give this kind of company the same ratings that they are getting in the US (like, PE 100-odd!). It would be nice - we'll have to see how things develop when financial results are released as therein will lie the proof of the pudding. The 10 that some were mooting on the other side a few weeks ago seems a bit less like a joke now, though.

Looks like your pull-back just arrived, Cynic.

SOLA Bid: 222p Offer: 224p Change: -3.5

looks like i'll poison your drink when we get to meet ... lol!
will consider buying back at the psychological level of 200, but if Dow tumbling, perhaps dragging FTSE with it at that time, may hold out for lower.

oh, you doubting 'cynic', have a look at the following, quite interesting

or this..

http://www.renesola.com/download/Management%20Presentation%20-%20October%20conferences.pdf

or this..

http://www.renesola.com/download/Management%20Presentation%20-%20October%20conferences.pdf

sorry, the link doesn't seem to work, any way, its about a presentation they are giving at some show, look on advfn, it works there, some real bad mouth dross on that site mixed with good stuff!