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

by the way all you guys who are long, do watch out for the all time high at about 640 ..... sp nearly touched that this morning, and that tends to be quite a formidable obstacle

200p to over 600p in under 2 months

Best to ignore EK rent a crowd.

nevertheless, pay attention to that all time high

Too volatile for me, but those apparently stunning figures still show huge usage of cash from operations ($62M in 3 months). Profits can be manipulated, but not so easy with the cash. Personally, I would be wary.

Good close tonight,more to come i hope tomorrow,this should hit the 7 pound mark this week or next,in between the profit taking than who knows.but atleast the results are out of the way.how can the profits be manipulated,i dont understand.

Didn't I told you guys to keep buying SOLA just 3-4 weeks ago?

you were right .... i was def wrong! .... but confess to amazement

ateeq - many businesses which go bust have been profitable (e.g. check out HTP earlier this week. I would put Northern Rock in the same category) but they fail through lack of cash. There are many ways of manipulating profits. A couple for you - SOLA shows stock valued at $156M as at end of March, up from $110M at end December. Just suppose (for arguments sake only) this stock is in reality only worth $120M, then they would actually have made a loss in the quarter. Again, different businesses have different methods of booking sales, which can in reality turn what is really just an order into a sale (and thereby into the P&L account). Cash is cash (unless its Langbar) and even the most incompetent auditors can check the bank balance with some accuracy!

Profit taking day,its boring to see this not doing much after yesterdays action.

Guess most of you guys are traders rather than investors, so may be sitting on large recent gains in SOLA. I am not a holder, but enjoy crunching balance sheet numbers and a more detailed look at quarterly cash flow flags up a couple of issues to me. I do not know the business well enough to gauge whether this is appropriate, but at end of March SOLA had provided its suppliers with advance payments of $88M, up from $54M at end of December. It had also lent $36M to "Related Parties", up from $13M at end of December. Of these payments, $72M had been received up front from SOLA own customers. Begs the question why SOLA has to support its suppliers to such a great extent (who are they, is this cash being properly used?) and what pressures would there be if their own customers draw the line on up front payments. Also, who are the "Related Parties" and why do they need $36M from SOLA. Probably simple answers, but the numbers large enough to frighten me - can understand why some are banking gains today, but good luck to those brave enough to hold for the ride.

much depends on the trust one places with the chinese, their accounting methods and genral business ethos and ethics

All very encouraging, still considering taking a little money off the table now but the run definitely looks for higher levels now.

Cynic did you say 640p was the level to watch?

i did indeed ..... it's the point of the all time high and often or even usually proves a stubborn resistance

Also should consider what happens US. It was up 18% last night which explained the gap up this morning. I think the US likes these sort of company more than we do! Someone on other BB posted a broker's target is $40 (currently $26.31). This would equate something like 1000p!

don't be silly ..... divide by approx 4 not 2

Yes cynic!
currently in US its $26.31 with target of $40 divide that 4 gives 1000p!
Thats what I said Silly!

mea culpa .... lol!

The US just loving this share!

Five Big Bulls To Know For May 16
May 16, 2008 | By Ayton MacEachernThe stock markets are constantly providing us with hot stocks. If you're willing to take extreme risks, you have the opportunity to see extraordinary gains virtually every single trading day. In reality though, the average investor is not in a position to take on the amount of risk that is necessary to get in front of these big moves before they happen. And so, we find ourselves waiting for the moves to begin before jumping on board and hoping that the rally will continue. By doing this, we are effectively becoming momentum traders.



Investors and traders that do this often come to know the thrills and profit that can be had from hopping in on these momentum stocks. But the most important part of being a momentum trader is knowing how to separate truly great stocks from those that have just simply been pumped up for the wrong reasons. These rallies can provide big money from taking advantage of movement for the right reasons. However, big money can be lost even faster. If you get in at the end of a rally, the phrase "buy high and sell low" will become a constant drumbeat in your skull. For these reasons, it is important when looking at a company that has seen extraordinary gains to make sure to understand why the gains have occurred; at least to help in preventing us from picking the wrong opportunities. (For further reading, be sure to check out our related article Riding The Momentum Investing Wave.)


Let's take a look at a few stocks with bullish momentum. Here are five companies, whose stocks have produced relatively large gains this week:

The Bull Pen


Company
Ticker
One-Week Gain*
Community Sentiment

Renesola
NYSE:SOL
50.4%
100% Bullish

Canadian Solar
Nasdaq:CSIQ
38.5%
96% Bullish

Visionchina Media
Nasdaq:VISN
34.4%
100% Bullish

China Sunergy
Nasdaq:CSUN
27.2%
50% Bullish

TBS International
Nasdaq:TBSI
23.9%
80% Bullish

*Data as of market close May 15, 2008



It is important to note, that while these single-week gains certainly seem impressive, it is crucial to dig beneath the surface to see what has caused these extraordinary gains.

In a market (as measured by the S&P 500) that has declined about 3% since the beginning of 2008, equity investors have had to look hard to find good returns in their portfolios. By diversification into the right global companies, though, savvy investors have been able to beat the market. This has helped them to steer clear of the slowing U.S economy that has been the cause of most of the pain in the current equities market. (Read more on diversification in our articles Introduction To Diversification, and The Importance of Diversification.)

This can be seen in this week's list of bulls, as China leads the pack. My favorite on this list, though, was introduced not long ago in our article Earth Day Stocks To Know.

Basking In Solar
Solar stocks across the globe were boosted this week, as witnessed in the three solar stocks on our gainers list this week. Leading the charge is ReneSola, which blew everyone away with a 50% gain this week on news it topped Q1 expectations. First quarter net revenue grew over 240% to $124 million compared to revenue of just $35 million in Q1 2007. Revenue even increase almost 30% from the $96 million that was seen in last year's fourth quarter. Along with increased revenue, ReneSola also increased profits; bringing in $17.7 million in net income compared to $6.8 million in the same quarter last year - an increase of 160%!

Not only has ReneSola released earnings that have impressed, it has raised its guidance going forward. ReneSola recently announced it has signed a six-year agreement to supply 525 megawatts of solar wafers to Taiwanese solar-cell maker Gintech Energy. An increase of only 15 megawatts of production (to 67 megawatts for Q1) caused revenue and profits to soar skyrocket this quarter. Just imagine what this new huge deal will mean. It represents an increase in production of roughly 22 megawatts per quarter for six-years (calculated as 525 / 6 years / 4 quarters).

ReneSola, is a solar stock that is making money, and growing at an exponential rate. The industry is constantly growing as the world becomes more consciences about how it finds its energy, and Renesola is situated in a country whose energy demands are growing just as fast as its economy- China.

China's GDP growth was estimated at 11.4% in 2007, and Renesola is in a position to continue making money for its investors. Stock Picking Community members agree, with ReneSola boasting a 100% bullish community sentiment. Members such as 7mood, and noreyes feel that high oil prices will be good for this provider of alternative energy. 7mood also mentions that the company "saves costs with a lot of efficiency." How else could Renesola produce increases in net income so easily?

Add Your Two Cents
What do you think will happen with ReneSola going forward? Will its new production contracts and business efficiencies continue to keep this bull's momentum on the upswing? Be sure to join me (aytonmm) in the FREE Stock Picking Community to share your thoughts and see what other investors are saying.

Will this continue its positive trend next week or will it be time for a break,any views.