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

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.

fantastic performance, but with the markets this unsettled, would still be inclined to wait before buying, though if sp surges through 200 dma at about 460, then consider again

Good time to short would be about a week before results. This time Im going in and cant wait for 588p coming up. Any drop in margins wont be taken lightly by the market.

Long term this analysis from China would point to sola having problems .....


Take a look at the following analysis coming from China:

"China as the biggest solar cell manufacture base,Most of wafer were sold to the local clients,but also has about 20% sells to the oversea market,Taiwan is the biggest sells region in the oversea market, Europe Union,USA,Kore,Japan also have some demand. about Rae materials, as polysilicon shortage and most polysilicon manufacturer order are full till the end of 2008, so, almost all the raw materials were from renewable material or high price spot market polysilicon.Some large and famous manufacturers(such as Jinglong LDK Yingli Solar Trina Solar etc)signed some long term polysilicon supply contracts, but most of the contract can not supply polysilicon before 2009. so revewable material and high price spot market polisilicon will be the major raw material in China local wafer industry. By the way, almost all Wafer manufacturers net income rate is higher than cell suppliers, some companies net income rate is more than 30%; this bring a lot of new enter as most equipment vendors can offer one stop sales of wafer factory solution. Investors who have capital, downstream clients,and also have relationship with some upstream raw material vendors will enter this industry, in fact, almost all large and big wafer project were occurred during 2005-Aug,2007. and will also some new enter in the coming years. thus the competition of China wafer industry will be serious. Research Team suggest that new enter who owned raw material will own great advantage in the competition."

2008 could prove tricky - Renesola has 1500 tons of polysilicon in the pipeline for 2008 which includes scrap and it's own supply coming on stream in the first quarter. But 1500 tons is only enough to produce 170MW output, while Renesola starts 2008 with the capacity to produce 373MW. So it doesn't look like Renesola will be able to opperate at anything like full capacity next year without tapping the spot market which looks like it will be expensive and hit margins as most contractors can't now supply polysilicon before 2009.

if you think 588 will be reached, why have you not gone long at this level?

Like in your post above cynic im not buying anything new at the moment.

Im just holding my present portfolio which is long term.

Theres just a feel about this present market that a big blow could be coming along.

Better to be cautious than gamble at present imho.

you're the one who says sp will reach 588, not me!