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Renesola - want to see huge growth ? Look no further !! (SOLA)     

whatuwant - 21 Aug 2006 13:28

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

Chart.aspx?Provider=EODIntra&Code=SOLA&S

cynic - 12 Nov 2007 11:59 - 1965 of 3050

here's the second part .... a 3 month version to show sp movement more clearly

Chart.aspx?Provider=EODIntra&Code=SOLA&S

goldfinger - 12 Nov 2007 13:35 - 1966 of 3050

Lubbly jubbly, this is just bliss.

More falls to come i expect.

cynic - 12 Nov 2007 15:54 - 1967 of 3050

some people say, "Good old Renesola" meaning one thing, and others another!

cynic - 13 Nov 2007 09:28 - 1968 of 3050

360 or even 350 looks to be the next support, but as i keep saying, nothing falls or rises in a straight line

goldfinger - 13 Nov 2007 13:03 - 1969 of 3050

I agree wityh you cynic, keep bringing them on.

Loads err money.

hlyeo98 - 13 Nov 2007 13:05 - 1970 of 3050

This will go down to 300p?

cynic - 13 Nov 2007 13:08 - 1971 of 3050

i would have thought that a decent bounce from 350/360 (or sooner) was on the cards before any renewed fall towards 300 can be contemplated.

cynic - 13 Nov 2007 16:10 - 1972 of 3050

i see sp has recovered quite sharply to nestle under the 400p resistance .... no doubt this is due the rns that SOLA's figures will be out next monday ...... shall contemplate taking profits now on the basis that the lemmings will pile in ahead of time and out again following the news, almost regardless of whether good or bad

Greyhound - 13 Nov 2007 16:11 - 1973 of 3050

Very nice recovery, I expect it continue back to 200dma.

cynic - 13 Nov 2007 16:16 - 1974 of 3050

you may not be wrong, and likelihood for next few days, assuming Dow sustains the current recovery is def more north than south .... had mentally set myself a trailing stop at 400 so have just closed and banked a nice profit

kitosdad - 14 Nov 2007 11:43 - 1975 of 3050

Very well timed Cyn. Better in the pocket than in the ether-land.

cynic - 14 Nov 2007 11:52 - 1976 of 3050

thank you dear boy, but as i said, shall almost certainly be looking to short again after the results

kitosdad - 14 Nov 2007 12:34 - 1977 of 3050

Cyn, why do you think the results will warrant a short.?

cynic - 14 Nov 2007 12:43 - 1978 of 3050

because unless they are absolutely stunning, all the lemmings who have just jumped in ahead of the figures will be leaping out again

Greyhound - 14 Nov 2007 13:49 - 1979 of 3050

Don't forget some of the lemmings have gains of up to 100% since the lows so might not leap out so quickly...

cynic - 14 Nov 2007 14:02 - 1980 of 3050

in that case they will not be the ones who started the buying yesterday

Greyhound - 14 Nov 2007 14:33 - 1981 of 3050

So by that theory they could also be the shorts closing with no (theoretical) subsequent position to close.

cynic - 14 Nov 2007 14:35 - 1982 of 3050

that is also true .... rather like i did at 400

goldfinger - 15 Nov 2007 11:09 - 1983 of 3050

Still short.

Not been budged by wednesdays rns.

Can see a lot of short termers jumping out tomorrow afternoon.

Cant see results being any other than in line and perhaphs a wobble thrown in.

goldfinger - 15 Nov 2007 23:23 - 1984 of 3050


http://blogs.barrons.com/techtraderdaily/2007/11/12/solar-stocks-tumble-on-reports-solar-investment-tax-credits-could-be-left-out-of-energy-bill/

-------------------------------------

Solar Stocks Tumble On Reports Solar Investment Tax Credits Could Be Left Out Of Energy Bill
Posted by Eric Savitz 12/11/2007

Solar stocks have been hit today by news that Senate and House Democratic leaders are considering a plan to leave renewable energy out of a pending U.S. energy bill. An alert posted Friday by the Solar Energy Industries Association on its web site says that there are widespread reports that a decision has been made, at least provisionally, to move energy legislation without a tax title that extends the Solar Investment Tax Credits.

The notice asserts that a bill without the solar ITC provisions would be a tremendous lost opportunity for our industry and our country.

Stephen Chin, an analyst at UBS, this morning asserted that removal of the tax credits from the energy bill increases the likelihood that the credits could expire in 2008. He writes that an orphaned solar ITC may not find bipartisan support during an election year, increasing the likelihood of expiration.

Chin says that the current tax credit allows commercial system owners a 30% tax credit against total system costs. Expiration of the tax credit, he says, would likely reduce solar system demand among commercial customers, which accounted for 41% of 2006 solar installations. He adds that utilities may be slow to embrace solar if a provision allowing them to take the 30% tax credit isnt passed.

Chin notes that Applied Materials (AMAT) could see decreased demand for solar-related equipment without the tax credit, and that there also could be a negative impact on solar-wafer producer MEMC Electronic Materials (WFR), pointing out that its largest customer, Suntech (STP), is increasingly exposed to the U.S. solar market.




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