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

Alleyne, it looks like Cynic was right over his interpretation of the Chinese doing business.

Just received a free copy of Money Week today in the post , I suppose a lot of PIs will have recd the same and on page 7 Time Bomb Investment 3, China... at least a stand back for now

the author goes on to say...

Everyone was recommending getting into China. But after years of experience , weve learned that when everyone is thinking the same (take note sola fans*) thing, no one is thinking at all.

Besides, everyone knows that you can't trust the information coming out of China. At best, it is biased. At worst, it is pure lies. ENDS

* my comment.

and i promise i have never seen that article and most certainly did not write it!

Best we all sell immediately then, and you then can jump on the shorters bandwagon GF.

Wouldn't you just love that.!!!!

C'mon GF, your chance to short is here ... for me, another cheap buying opportunity.

Cynic, Money Week is a well respected weekly rag aswell.

Personaly I tend to overlook and be ignorant of the macro issues these days and just concentrate on the micro side.

From Winnie over at SC.....

Not only were the fundamentals in no way good enough to justify the sp but today's statement looks like (albeitr a very small) profits warning. But when you are on a loony tune rating you discount only good news. There is no room for error. SOLA has just admitted it is not perfect. Anyone who buys this one is - IMHO - insane.

Tom Winnifrith

Yet buyers still outnumber sellers 3:1.

I think it was a typical market over reaction! the sp is bouncing back because when you study the rns we can expect better margins on the larger wafers and the tolling increase is also good news as the buyer supplies their own polysilicon with sola charging a fee to produce the wafers--all extra on the bottom line. I've no spare to add to my holding but I would if I could!!

Just closed my last tranche here. Rocky times ahead (at least for the summer months)?

I crunched all the SOLA capacity, production, turnover, profitability, EPS etc etc some time ago and on fundamentals I do disagree with GF's stance. If they can maintain production and capacity expansion in line with their own expectations, you can form an argument to say that the SP is not too toppy.

However, what is clear from the last two statements is that they are not meeting the planned quarterly production figures. Q1 was affected by the Chinese New Year (which must have come as a great surprise) and electrical power cuts and the last quarter by conversion of furnaces. No great loss in output but it does instill a sense of unease. Shall watch with interest during the next week or so.

pth

Sound comments pth. Having made a lot here and then switched a lot of my profits into PVCS, just not sure if Sola may suffer in the summer doldrums before getting some direction, be it whichever way.

Just get a look at those late buys though. Bounce back in the morning is on the cards.

gf re Cat losing a fortune in dot com boom / bust .... in comparison to what he made I think you'll find he came out just a tinsy winsy bit ahead , maybe slightly more ... you ask him.

And as for Evil .... hasn't he been shorting Regus all the way up from 10p , another great call NOT !

Which briefly means; whenever you find yourself in a hole, stop digging.!!!!

market does not like diasppointing figures and can be pretty brutal in its reaction .... my own bet is that sp will crumble further

Looks like a lot of PIs got the jitters with this one after todays trading statement which was a profit warning.

Just had a look at the end of day trades.

looks to me like we have a big seller out there. No RNS notification yet.

Could be back tomorrow......

and the day after.

BUT, it won't be you.!!!!!!

but it could well be me!
chart below is pretty self-explanatory ...... 25+50 dma shown