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

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

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

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

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

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

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

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.

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

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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.

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.

though SOLA's figures were certainly not bad, i am surprised to sp holding up so well, especially when there is an attaching warning about future margins.

Nothing in therse results to deter bears, in fact this is the essential point made.....

Higher feedstock costs are expected
to continue in fourth quarter 2007, which may lead to a decline in our gross
margin sequentially over the next two quarters.

Operational cash flow negative again.

Foreign exchange losses again.

Debtors ever increasing.

Bank loan increasing to 75 million and interest payments up.

Assets non existant.

No this is a company proped up on debt and facing an industry slow down.

ITS A SELL.

most assuredly not a BUY, but the chart is quite interesting (see post 1965) ...... sp is just nestling on 25 dma, but if that breaks with impetus, then next likely support is about 370 where 50 dma is hit

decided to take the plunge and have shorted once more ..... i see no reason for sp to surge ahead, and with the markets as weak as they are, south is surely on the cards

I agree with the sentiment; although I have no experience of "shorting", it strikes me that you should be fairly safe ( er, again.).
Are you locked-into a specific time-frame?

no time frame ..... this is CFD rather than traded option or similar

and so far so good .... if sp does not recover above 400 by close of biz, we could easily see 360 again or even lower

banked a reasonable/modest profit .... if i could make that every day of the year without breaking sweat would be very happy

What after 2 days?.

Blimey cyners Im a long termer but i didnt think you short termers were that short term.

Im about 25 grand up at the moment, but this is one hell of a risky stock with the beta being so high. Doesnt take much either way to make big money or lose money here.

Cynic, dont mean too be nosey but what else have you on the short list?.

nothing at the moment, but shall contemplate reopening short here, and if i get greedy, perhaps doing same with NRK ..... i closed my position on SOLA because the share was holding very steady indeed which i really did not expect