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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

HARRYCAT - 17 Apr 2008 22:17 - 2340 of 3050

Just my opinion, but locking in profit soon would seem sensible. Once again, too far too fast.

ptholden - 17 Apr 2008 22:49 - 2341 of 3050

Why would SOLA be worth 6 or more? It wasn't worth anything like 6 before the US dilution, but then actual valuation of a company often has little to do with the SP!

sivad - 18 Apr 2008 16:46 - 2342 of 3050

Would not be surprised to breakout of 5 range with a projected p/e of under 10 for 2008/9

hlyeo98 - 21 Apr 2008 14:48 - 2343 of 3050

Keep on buying SOLA...450p now.

hlyeo98 - 21 Apr 2008 14:48 - 2344 of 3050

Keep on buying SOLA...450p now.

HARRYCAT - 21 Apr 2008 14:50 - 2345 of 3050

Don't quite understand that, as Selftrade are currently quoting 424p to sell, yet stockwatch prices are 25p more than that!
Interestingly, CEEFAX prices carry a warning 'Changes wrong due to data problems'.

halifax - 21 Apr 2008 14:55 - 2346 of 3050

Now where have I put my shorts!

cynic - 21 Apr 2008 15:01 - 2347 of 3050

sure glad i shut down my short 10/14 days ago .... painful, but would be a lot more so now

ptholden - 21 Apr 2008 15:02 - 2348 of 3050

COuld quite easily push onto 500p-550p now with this sort of impetus and complete the 'W' pattern. I've forgotten at what price those bonds are redeemed, but if they are, throw in a 10% (ish) dilution. The 50 and 200 MAs are totally out of sync on the 12 month chart and certainly a hefty retracement is needed at some point to sort them out over the coming months.

maggiebt4 - 21 Apr 2008 15:04 - 2349 of 3050

I think the bonds are around the 580p mark

hlyeo98 - 21 Apr 2008 15:58 - 2350 of 3050

So it is still cheap now.

ptholden - 21 Apr 2008 16:01 - 2351 of 3050

Wouldn't touch it with a barge pole, unless short LoL!!

HARRYCAT - 21 Apr 2008 22:20 - 2352 of 3050

Pth, why not do both? I know it's easy with hindsight to see the change in direction on the chart, but this rise was reasonably easy to follow. Very few people that I can see, are particularly interested in the growth or health of the company, but are just trading the chart momentum.

ptholden - 22 Apr 2008 00:25 - 2353 of 3050

Harry, I'm not really doing anything with stocks at the moment, but long from 2 was a no brainer.

goldfinger - 22 Apr 2008 02:14 - 2354 of 3050

Hi chaps back again to see you all, hope your all keeping well.

Im beginning to think its not far off "GET READY TO RUMBLE TIME". (on the down side)

A P/E of 19 flatters this one as we all know at 580p the 10% bond redemption can kick in and theres still the employee dilution which can affect the SP.

Dont think its time just yet but going into May I feel the next down leg of the bear will kick in and im armed ready to take advantage of it.

Remember this since 1970 in April the ftse all share has risen 31 times out of 37 times only to be followed by dire market conditions from may to october in fact the ftse all share on average has only risen by 0.25% in this 6 month period since 1990.

Weve had both bear and bull markets since 1990 aswell.

The effects of the credit crisis have yet to be felt in the real economy as a whole and i see a lack of growth with increased unemployment and poor PI investment liquidity.

Sees ya later.

goldfinger - 29 Apr 2008 08:59 - 2355 of 3050

I posted this across the road yesterday evening and im off to a good start. Thought you would have read the signs cyners.......................

Back in again lads. 460p seems to be a pivitol point of resistance and one the stock cannot break through.

RSI is also well overbought and anyone checking this out will see that on previous ocassions (many) when this has happened a big fall has materialised.

Longer term a triple top could develop which would indicate a correction is on the cards down to the 200p sp mark.

As ever the market and sentiment will prevail and I see signs of the "May go away" senario developing.

Would be wise for traders to exit first thing as the stock fell nearlly 5% on close in the US and they certainly have twigged that 460p is a pivitol point.

ptholden - 29 Apr 2008 09:57 - 2356 of 3050

Ah, so you will be Stock Screeners then GF, not exactly popular over there are you? LoL

460p is a fair point though, but I still wouldn't put it past SOLA to push onto 550p. The latest rise has been far too quick and naturally is taking a breather, perhaps once the retracement is complete another push could be on the cards, depends where the retracement stops though ;)

cynic - 29 Apr 2008 21:04 - 2357 of 3050

SOLA will be down again in london in the morning ...... sp lost further ground in NY

cynic - 01 May 2008 16:48 - 2358 of 3050

i accept that the closing price can often be distorted, but suddenly sp looks to have crumbled to 405 ...... tomorrow's opening will reveal the accuracy of this .... certainly its peer FSLR in US has taken a battering today, with a certain reflection in SOL (SOLA ADRs) which, as i write, stand at $16.53 after opening at $17.03

goldfinger - 02 May 2008 01:30 - 2359 of 3050

Looks like a 390p opening in the morning.

PTH yep correct. Dont really care about being popular and lets face it when you are short you are going to get a lot of stick especially from the numptys over there.
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