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

Nah ....it's doomed. Take my word for it. LOL.

Still going up today. ;-)

lol, ask yourself this why have they not updated the market from the last RNS on this point that they were so willing to get over when the SP was so much lower.......

" A
further six furnaces are at different stages of trial production and are
expected in full production by the end of September. Trial production from a
further five furnaces is expected to commence by the end of September".ENDS

This news today can only be looked upon as a profit warning yet again.

The bulls are trying to cover this up and it aint working.

Why are the management holding back on news of the furnaces on trial?.

You make your own conclusions, I know what mine is.

You might be right goldfinger. I had the same thoughts 2 days ago and sold then. It was lucky timing.

Luck indeed h98, its now heading for sub 300p on lack of news on further funding for this so called capacity expansion.

good luck.

Just when we say there wasn't news, they came up with below...


ReneSola Q3 production 36 MW; says on track for FY output of 120-125 MW - AFX


LONDON (Thomson Financial) - ReneSola Ltd said total production output in the third quarter was about 36 megawatts (MW), up from 23 MW reported in the second quarter.

ReneSola, which makes wafers for the solar PV industry, also said it is on track to achieve its reduced full-year production output guidance of 120-125 MW.

In Aug, the company reduced its production output guidance from 150 MW to between 120 and 125 MW, which it said will have an adverse impact on its financial target for the year.

TFN.newsdesk@thomson.com

But surely this isn't news as there is not a word of the six furnaces and the other five furnaces.

Something is fishy, I feel.

Spot on, couldnt have put it better myself.

LOL GF ....

What's going on? Any news??? Drop to 285p now.

interesting moves while i have been away ...... need to get into the rhythm again, but perhaps a chance to short once more with 300 having given way easily

chart below pretty much tells the story .... 200 dma gave way long ago; 50 dma now significantly breached; 25 dma now threatening to give way ..... possible or even probable support of some kind at about 240, but don't forget that there was certainly intra-day trading not long ago around 200p and even below

my post 1882 ..... interesting to see that "360 becomes the next target" was borne out ...... equally, whereas 300 was quite a stubborn resistance on the way up, it does not seem to have provided any support on the way down, albeit that there are still a few hours of trading to run today

Looks to me like traders just taking their money away from the table.

Having said that we got a period of falling SP before the last profit warning.

Results are due Nov sometime.

Worth a look at this piece. Is the solar sector due to melt down?........

http://online.barrons.com/article/SB119162915757750853.html?mod=googlenews_barrons

the ending sums it up perfectly......

Despite LDK's controversy, China's solar stocks ended last week with their handsome valuations largely intact. That's in part because investment bankers like Piper Jaffrey stubbornly maintained their Outperform ratings, even as they circulated Charley Situ's e-mails to institutional investors. Sound familiar? That's how analysts like Henry Blodget behaved before the bursting of the Internet bubble.

Through the 360 resistance

certainly SOLA is confounding the (would be) bears like myself, though i have had no position here for about 2 months ....... certainly not inclined to buy, but that (for me) applies to any stocks at the moment, as i just have a gut feeling that the markets are due for a hefty tumble ..... if i were a holder, i would certainly have a trailing stop in place

No position here either unfortunately as they have had a good run from their recent visit to 280

LOL .... very quiet here nowadays.

i've gone long here with a few tranched in last couple of weeks.