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

And its falling back down.

looks like a real suckers rally to me.

not saying you're wrong, but will need to gauge mood of the market to decide what to do next

i'm batting for you kitos! ...... now hoping that SOLA will surge (already up to 328) on the back of some bear squeezing.

I thought you were cycling in France cynic or have you got a laptop on the handlebars?

not until next week .... leave friday morning; back following thursday evening

Probably a good opportunity to set up a few trailing stop losses?

i shall take money off the table before go and just stay in touch with broker by phone ...... trailing losses can be a bit of a pain in volatile markets as you can suddenly find yourself stopped out by a briefly distorted spread or similar.

Morning Cyn and all.

made 2p (total, lol) on little long i opened here and closed this morning .... had i hung on, would have made more as i now see a few brave souls jumping aboard ahead of thursday's figures

Never mind Cyn, my 50 quid will help boost it a bit for you. Fingers crossed for a good lift on Thursday.

SOLA's figures certainly seem to be disappointing big time ...... took out a smallish short this morning, though could not get in higher than 326 (closed 360+ last night) ...... market is always very harsh on companies that do not deliver, and i suspect that they will be doubly so on this bunch, given that it is a NEWCO and run out of China, which is not exactly flavour of the month

Congrats Cyn, you are raking it in big-time this month.

hardly! .... been battered quite badly like everyone else, but fortunately had taken a lot off the table in recent weeks ...... big sigh of relief at the mo, tho it is tempered by a short i am still running on Dow, but given that i am long everywhere else (bar here!), it's not a bad bit of insurance ...... can't believe for a moment that we are suddenly back in green (blue?) pastures

LOL, me neither.

That's a risky one cynic ,i would'nt want a short running overnight on the DOW

Hi Richard, where do you see the bottom on this one.

to be honest, i did not think Dow would pierce 13250, but clearly F/E was very strong o'night, so indications rushed it up a further 90 points ..... this has now drifted back 40 odd but still at 13300

hope you are not still running SOLA

Looks like this is the beginning of a falling knife for SOLA.

simple chart shows possible support at 240 or perhaps 220 ...... I think PT may have something a bit more defined via his more sophisticated set-up, but would not expect it to be substantially different.

below is SOLA's trading RNS ...... what a load of bullshit! ...... sorry guys, but i think the market is going to flog them unmercifully ...... it doesn't like being taken for a mug, and that's sure what it looks like ......


ReneSola Ltd cautioned its financial target for the year will be adversely impacted by a cut in its production outlook for 2007 from 150 megawatts (MW) to 120-125 MW.

The maker of wafers for the solar PV industry blamed the downward revision on a delay in starting its full multicrystalline production due to a setback in delivery of crucibles for its new furnaces.

The company said its second-quarter profit declined from the first quarter due to upgrades to some of its furnaces and an increased operating cost base, but said it is well positioned to continue its strong growth.

It reported a pretax profit of 4.56 mln usd for the three months ended June 30, down from 7.34 mln in the previous quarter.

Profit after tax for the period was down to 5.4 mln usd from 6.4 mln usd.

Second-quarter sales rose to 45.6 mln usd from 36.6 mln in the first quarter, while production rose to 23 MW from 15.3 MW in the first quarter.

ReneSola said it is planning for a substantial increase in production capacity in 2008.