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

Merry xmas and happy new year everyone.

Nice gains again, looks pretty robust for eeking higher to me.

see post 2085 ..... expect a strong support to form shortly at around 420 where 25+50+200 dma will coincide

Gradually back to the highs now I reckon here once we eventually break the 500p resistance.

I closed too early , looks like my inverse head and shoulders call panned out as predicted.

Never mind still caught part of it.

momentum certainly seems to be behind sp ..... GF - don't short at this time if you want to keep your shirt!

FIRST SOLAR
shame one can't do much sensible on MAM with US stocks ...... this really is a cracker and i recommened anyone who has an interest in this sector to have a very good look at this one, albeit that is a serious heavyweight - currently $272.00.

have not bought yet as was hoping for a couple of weak days for the stock, but just not happening pro tem


GOOGLE
even heavier than above, and needs no intro.
currently $700.00 and pretty volatile
good stock both for trading and long term

Cyners closed out as per my last post here 23/12/2007.

Still have it on the short watch list though. Its only speculators who are poofing it up. At sometime the fundies are going to catch it out and I dont think thats far away.

cheers mate.

Clearing the congestion zone now and heading back to the highs. Growth in China looks likely to slip in 2008 but will still be a driving force compared to the rest of the world.

sp now looking very healthy indeed with very good upward momentum.
not sure what will happen with world economies over the next year, but as i so often stress, the only important thing in share dealing is correctly calling whether a specific share will head north or south, the fundamentals often taking a poor second or even third place

Think it's also getting pulled up by Jetion following big director buys. Agreed, more important to follow what's in vogue.

have reflected on this, and if one accepts that the sector is the right one to be in, then i think PVCS is a better bet than SOLA ..... the latter scares me anyway, as i have a natural and well-publicised aversion to chinese controlled companies, and with good reason

I have a larger holding in PVCS than here, they have since announced too that trading is materially better than predicted.

Dont often disagree with you cyners but cannot agree with this statement you made a couple of days ago as its news on fundies that more often or not that dictates the sp direction of a stock, and its the underlying value of a company in the long term which is either manipulated one way or the other to achieve a market balance. ......

"the only important thing in share dealing is correctly calling whether a specific share will head north or south, the fundamentals often taking a poor second or even third place" ENDS.

Sola doesnt seem to be able to get over 5 whats the TAers analysis of this please?.

not sure about upside resistance, though round numbers(500) are often difficult .... however, downside looks limited to about 440 where there may be quite a lot of support - see chart

Reasonable to expect congesion around the 470-540p area as experienced in H107.

Cheers chaps. much appreciated.

Well the fund raising I predicted is about to happen leading to yet more dilution.....


WASHINGTON, Jan 9 (Reuters) - China's ReneSola Ltd filed with U.S. regulators on Wednesday to raise up to $200 million in an initial public offering of American depositary shares.

The manufacturer of solar wafers said in a filing with the U.S. Securities and Exchange Commission that Credit Suisse, Deutsche Bank Securities, Piper Jaffray, CIBC World Markets, and Lazard Capital Markets are underwriting the IPO.

ReneSola did not disclose details such as how many ADSs it plans to sell or their expected price. It said it plans to list its ADSs on the New York Stock Exchange under the symbol "SOL". (Reporting by Karey Wutkowski)