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

pth, don't dispute your comments but as we know there is often no rhyme or reason to some moves we're seeing. I agree there will be profit taken, but no reason to suspect that it isn't possible to double your money here in pretty quick time. Just as a lot of us have made no mean sums shorting here. Just my views here currently, we saw big gains off 2 back in 2005 and back last summer.

pth surprised you can place a valuation on a company without paying them a visit. Accounts alone are only as good as the paper they are written on. Cynic quite rightly has warned many times of the risks of investing in China based companies and I know from personal experience that before lending/investing you must base your decision on a trustworthy independent opinion... and in this context I dont mean Goldman Suchs.

i can't even read a set of accounts properly ..... my experience of chinese companies is primarily based on experience and observation in my own industry, and the mugs the "wily orientals" have made time and again of "sucker gweilos" when they back their companies.

halifax, in this particular instance one can only value what is in the public domain (unless you want a trip over to China). I came up with some figures and left it at that and yes good money can be made both ways with this company, it's rather volatile to say the least!!

not sure if i dare short at this level ..... much says that it is a good bet, though interesting to see strong recovery oin First Solar (US stock) today, but there is always a danger in trying to beat the trend, even if that has really only been in place here for 24 hours or so

buying still continues,so it will be interesting if the profit taking comes first or it carrys on from todays action tomorrow.

two to watch tomorrow then, for both SOLA and EO. have closed just nudging underneath 50 dma ..... this could presage either a strong challenge or more likely imo, unless Dow suddenly surges, a retreat to consolidate again.

I think SOLA is a strong BUY.

just keep a wary weather eye on Wall Street ..... it is currently looking a little sickly and may well be about to threaten to break down through 12350 for the second time today.

Indeed Richard, watching at the moment to see if it makes a lower low for the day, possibility for another 100pt drop (DJ that is) Apologies for OT.

hyleo .... in the light of the dump on Wall Street, buying SOLA tomorrow could be rash indeed

Also may be a friday sell off, so worth watching, imo.
If SOLA dips to anywhere near the 240 mark, then possibly worth buying in antipation of another bounce to 300p.

This little snippet from today's Times:

"Renesola, the Chinese solar wafer maker, soared 45p to 288p in strong volume, sparking bid talk. Management have been talking up prospects to US investors after strong results last week."

Probably not a good short right now?

Glad I was right in SOLA today.

You were. Any chance you could possibly tell us what is going to happen on monday? Might as well benefit seeing as you are on a roll! :o)

i am afraid SOLA will not look nearly so pretty on Monday .... down 11.3% in NY so i guess that will equate to an opening of about 270 or even a little lower

Nearly reached the 270 mark. Difficult to decide if this is really the start of the up trend, but with 330p as a target, even at 270 there is possibly some money to be made.

ReneSola (SOL) NewsBite - ReneSola Surges on Positive Analyst's Comments
Posted on Friday, April 04, 2008 1:46 PM
ReneSola Ltd. (SOL) opened at 11.71. So far today, the stock has hit a low of 11.70 and a high of 13.00. SOL is now trading at 12.88, up 1.01 (8.63%). The stock hit its 52 week high of 14.19 in February and set its 52 week low of 7.36 in March. The stock has been generally down since its initial offering in January of this year. Shares of ReneSola have been soaring today with most other semiconductors after a Hudson Securities analysts recommended investors to buy stocks such as technology, anticipating big comebacks. If youre looking for a hedged play on this stock, consider a May bull-put credit spread below the $10 range. SOL stock could fall up to 22.4% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

SOLA is going to shoot upwards next week...great news.

justyi has been proven well wrong, but the stock has yet to prove itself made of straw, or some such metaphor ..... there was recent intraday high of 345, but once again, starting to struggle to stay above 300 ...... one thing is for sure; when sp starts moving, it does so in lumps!