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

I was waiting for a bigger fall, but have become a lemming today! Time will tell....

there is a tenable argument that one has a core holding + more for trading ..... i have found that worked with many stocks, especially those where the lemmings were likely to jump in and out.

by the way, if i got everything right, i sure as hell would not be working for a living, but have certainly made several correct calls of late

Hello folks

Nice tick up today. Any major selling is probably out of the way now and this is the consolidation until the break over 230p.

We took the opportunity to buy another small tranche at 227.66p earlier this afternoon.

The noises eminating from brokers and research houses suggest the next stage of the rise in share price is not too far away. (Need SOLA to perform to cover the SBT debacle !!!)

Ian

Ian .... you cite 230 as something of a key level ..... any reason? .... share has been around such a short time there is no meaningful pattern (chart) that i can determine

Everyday is a learning experience. Judging by the fundamentals of this stock I'm not too fussed over a penny or two in the purchase price if it's going to greater highs. Good luck to all.

Cynic

Not a key level as such but it was the figure at which a couple of active 'big' investors decided to take profits with anticipation of buying back below 200p.

However (and on one of those rare occasions) the quality of the PI research on some of the Bulletin Boards has been of such quality that the retracement was less than 10% whilst many normally target a 20% dip from the peak as the signal to buy.

Assuming there is no heavy selling around the 230p mark then I would suggest that we should head towards the 300p target that some of the 'professionals' have been touting.

I look forward to the next few trading days.

Ian

thanks Ian ..... you are much more learned than I on these matters

Cynic

I wouldn't say I was more learned - just 25+ years of trading on the markets embeds a few 'unwritten rules' into ones psyche that, more often than not, turn out to be wise strategies to follow (didn't stop me screwing up on SBT though did it !!).

In the case of Renesola it certainly looks as though the next three quarterly trading updates should be excellent and, as the share price goes up which in turn increases the market cap which in turn begins to interest more and more institutions, I suspect there may well be a mad rush for the shares by the really big boys which should bring a very big smile to all existing holders.

It cannot be stressed enough that, so far, the share price has been moved to quite a large extent by Private Investor buying. There are now also some China orientated funds that need to be buying. At some stage in the future some of the more well known bigger funds will be buying - I am now looking at a 12 month view - and on this kind of a timescale I am looking at a potential SP target of at least 500p.

Never wise to look beyond 12 months but if growth continues at even half of current rates then we are still looking at way over 1000p.

Anyway our core holding is pretty much complete now and any further purchases will probably be for trading purposes.

That's all for now - must get ready to watch my beloved Tottenham.

More tomorrow.

Ian

Cynic there may well be dips on the way up and probably one soon after results--but you'd have to be very nifty to get back in again when it goes up as the pull backs don't last for long!!

Evening all,

some very refreshingly enlightened contributions on the thread today, I'm pleased to say.

Silvermede, welcome aboard. I am certain you'll be happy with your purchase.

Ian, many thanks for some great comment. I hadn't previously been aware of the extent of your experience and I enjoyed reading your views today.

MP - I couldn't agree more: trading in and out of this stock is not a risk I would care to take; the prospects for the forthcoming results and all points in between make it too easy to get off the train just in time to see it leave the station at high speed.

Best of luck - and good, sound judgment -to all.

ST.

Good morning everyone,

First things first - Come on you Spurs !!!!!!!!!!!

Anyway just for information we have bought a few this morning for trading purposes (a little bit of cash raised from slae of Corus holding first thing today).

There does not appear to be any selling pressure at these levels at the moment so there should be a chance of a spike upwards even today.

Ian

Looking like finishing the week strongly: SOLA Bid: 227p Offer: 232p Change: 2.5

u had better be right ..... just pawned your wheelchair and blanket to buy some more!

Oops

Looks like I spoke too soon !!

Ian

Don't panic Ian, my wheelchair and blanket really weren't worth very much . . . .

you n your big silver-tongued gob ..... lol!

Tee-hee! Cynic, if you'd taken my advice to stay put you wouldn't have this problem now :oP

However, I'm confident things will be heading in the right direction before you know it - and then maybe I can have my wheelchair back :o)

sod's law eh cynic?

Cheer up, Cynic, the spread has just narrowed, which ought to bring back some buyers . . . .

SOLA Bid: 225p Offer: 227p Change: -1

confess i am far from worried .... of course ended up buying at a higher price that i really wanted, but no big deal