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

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.

I told you so cynic. So many bulls eating humble pie this morning including Kitos.

The market was telling you so.

Evil K was telling you so.

100p price target now even lower, its up against considerable better competition.

Those accounts are in tatters.

if I werent on holiday in an internet cafe id stay and give a fuller account.

The cash flow is pathetic.

ReneSola Q2 profit falls; says well-positioned to continue strong growth


LONDON (Thomson Financial) - ReneSola Ltd said its second-quarter profit
declined from the first quarter due to upgrades to some of its furnaces, delays
in the delivery of crucibles and an increased operating cost base, but said it
is well positioned to continue its strong growth.
ReneSola, which makes wafers for the solar PV industry, reported a profit of
5.4 mln usd for the three months ended June 30, down from 6.4 mln in the
previous quarter.
Second-quarter sales rose to 45.6 mln usd from 36.6 mln in the first
quarter, while production rose to 23 megawatts from 15.3 megawatts in the first
quarter.
The company said it is reducing its production output guidance for 2007 from
150 megawatts to between 120 megawatts and 125 megawatts, which will have an
adverse impact on its financial target for the year.
ReneSola said that it is planning for a substantial increase in production
capacity in 2008.

TFN.newsdesk@thomson.com
kal/cm2

COPYRIGHT

The company said it is reducing its production output guidance for 2007 from
150 megawatts to between 120 megawatts and 125 megawatts, which will have an
adverse impact on its financial target for the year.

Nobody seeems to have mentioned the FALLING MARGINS.........

the impact of the well-publicised
raw material cost increases reduced gross margin to 21.1% in the second
quarter, down from 24.4% in the first quarter 2007.

Minus 115p to 255p now. Down 30%.

sorry to hear if any of you guys are still holders, but sp now looks to be in free-fall @ 250 = -120 since last night ....... can't yet tell if there will be any recovery by close, but 240 (or lower) now clearly on the cards

Looks like market is generally turning lower...SOLA may go to 200p tomorrow.

What level is the next short point on this bounce? I need a piece.