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

KITOS .... don't know ..... will contemplate whether or not to close out with an acceptable loss or just hang fire .... serves me right for not taking the very respectable profit when it was on the table

knickers!
was a technical good boy and obeyed the discipline of cutting losses at 285 ..... sp now falling again ..... never mind

kitos ..... thanks for cheque .... only got it this morning as have been away for a few days

Just goes to show 4 furnaces doesnt make a company.

Kitos you now paying cynic for investment advice...........................lol.

Good win on the bet cynic.

lost rather more back on the premature closing of my short ...... still, really shouldn't complain as made a bundle both long and short and can#'t call correctly all the time ...... now trying not to be tempted to re-open short!

I closed one of my shorts earlier in the week but keeping the other. Nothing much has changed and chart wise another nice time to get out if you're long and short if not.

This really does set them up for another profit warning, the management arent showing much experience, any failures and kaput........

Extracts from the rns yesterday.....

Four furnaces have successfully passed trial production and are now in full production.
- what do these contribute?

A further six furnaces are at different stages of trial production and are expected in full production by the end of September.
- Wait till October update to see if they meet this target

Trial production from a further five furnaces is expected to commence by the end of September.
- again, wait till October update.

Cyn, glad it arrived OK. I am out of SOLA now and have no comment to make, positive or negative.

Stop sitting on the fence kitos.

Can't get on the fence for you sitting there so long.

quite tempting to short this again ...... 260 has clearly proven too tough a hurdle, so with general market weakness + some forced selling + typical pressure on low-grade stocks, 240 is unlikely to give much support ..... perhaps 200 and lower will again be on the cards

Still holding my short. Don't forget the new Goldman target is 270 - which was a great shorting opportunity in my mind on Friday.

Strange how some people tend to think start up companies live off 'fresh air'.

Sola were in effect granted a loan of $120 million by way of reedemable bonds 26/3/2007. On results day they had only just $68 million in cash and cash equivalents left, that was on the 30/6/2007 which shows that the company is certainly eating into the cash pile but alas on the same day we see a bank loan of $59 million outstanding. Basicaly wiping out any cash assets the company have.

But no it doesnt stop there, no god forbid we see from the 2nd 1/4tr cash flow statement that the company is leaking negative operational cash flow at $44million and the CEO is on record saying that the next 1/4tr will also see negative operational cash flow.

Now we know that Charles b is on record as saying he wont go back to the markets for further funding and we know he hasnt signed up the big banking partner that the company wanted....

So question wheres the money coming from to go forward???????????????????????????????????????????

interesting to see that 300 is proving a sizeable resistance for SOLA ...... i have no position at the mo, but shall certainly be watching with a view to short once more, down to 270 (see chart) ...... if 300 is decisively broken upwards, then 360 becomes the next target

Cynic,you like your shorts.lol

i'll wear some especially for you! ..... i don't often short stocks as frankly i don't have the balls, though occasionally do so on Dow or FTSE and SOLA has stood me well in this instance.

It's broken through the steepest downtrend, the next will be a lot tougher at 450p and somewhat unlikely. Personally I would wait for this mini uptrend to pan out before taking a short position, a break down through 270p (ish) should just about do it.

pth

don't really disagree .... no inclination to short for the mo, even though 300 looks to have failed yet again

RENESOLA LTD

SHARE INCENTIVE PLAN

ReneSola Ltd (the "Company") (AIM: SOLA), a leading manufacturer of solar
wafers for the photovoltaic industry, is pleased to announce that the Board has
approved the establishment of a share incentive plan.

The Board considers the availability of a share incentive plan to be an
important factor both in retaining key employees and in attracting
professionals with the necessary skills and experience to maintain the
competitiveness and growth of the Company.

A maximum of 7,500,000 of the authorised but unissued shares of the Company
have been allocated to the plan, although no awards have yet been made.

For further information, please contact:

In China:

Charles Bai, CFO

ReneSola Ltd

Up 30 today!

Grateful to have booked profit on my remaining short earlier. Still not going long - would rather wait results and October sentiment to unfold.