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

ADR!!
acting correctly and guessing a future price have nothing to do with each other!
certainly promoting the idea of a $40 sp while pushing to get the fundraising well-placed is tantamount to blatant touting - you are warned

So cynic would you short on something that is rapidly growing? If so it would be very short term.

You obviously dont trust this company do you? Its understandable at the early days when they were developing there were a few hiccups here and there which gives doubts and the sp was volitile. Looking at the recent results it looks to me the confident is sky high and sorted all nagging problems.

Whats is your fair price for this then, considering global warming issues etc?

yes i would, especially one that is chinese run, where the directors (i hear) are selling, and when Nymex is dropping.

have not done so yet, though as well documented, have certainly done so in the past.


global warming ..... pah! not immedaitely relevant to sp
fair price ..... no idea and don't much care .... judging direction and impetus is the key

guys - check out MDM Engineering (MDM) - PE is around 2! Ive just started a fred.

darn it!

I especially like para 3 of the RNS, summat along the lines of the raised funds will be used for general corporate expenses, in other words SOLA are still unable to fund operating costs from sales, despite all the expansion. Seems that they are not making a profit at all. A bit more dilution, wonder when the convertible bonds will be converted adding another 10% dilution? 10% today will knock 60p off the SP. I still favour a return to 460p-500p as an initial shorting target. Just my view, I have no position.

Looks like the US still likes SOL, despite talks of it to tank following the annoucement today. Still must be a good bull sign

http://www.citywire.co.uk/adviser/-/news/green/content.aspx?ID=304693

The solar industry is inching towards the holy grail of grid parity as solar companies invest aggressively in building capacity, according to sector analyst Dean Cooper.

Rapid growth in the solar industry means that solar power will become as cheap as other forms of electricity, with Italy expected to reach grid parity by 2012 according to Cooper.

But Cooper, head of alternative energy at Ambrian Partners, warned that excess supply would lead to an inevitable shake-out in the sector in the longer term. Solar companies that combined an efficient supply chain with efficient processes and financial strength were expected to best ride out any sector downturn.

Cooper tipped ReneSola, a Chinese manufacturer of solar wafers, and Solar Integrated Technologies, which produces building integrated photovoltaic (BIPV) systems, as companies to watch. Both companies are listed on AIM.

ReneSola announced a US initial public offering last Friday (29 May) to raise money by selling 8.15 million shares. It will use the $70 million of the money raised to expand its solar wafer manufacturing facilities and a further $100 million to invest in polysilicon manufacturing over the next two years, Cooper said.

Effectively this will enhance ReneSolas scale economies and allow it to capture full margin in the value chain by extending upstream capacity, he explained.

Effectively this will enhance ReneSolas scale economies and allow it to capture full margin in the value chain by extending upstream capacity, he explained.

And this from an expert-not amateur shorters who say a lot but know very little.

Yep, and as we all know the so-called experts always get it right - LoL

SOLA is running downwards as I predicted. Looking a steep downwards hill now at 551p.

Shorters must be booking their next holiday on the profit from this one.
Back to 450p ish?

Yep outstanding prediction Hlyeo, you called short at 575p and it shot up to 660p first, timing is everything doncha know :)

WHAT GOES UP MUST COME DOWN AND WHAT COMES DOWN MUST GO UP-ITS CALLED MAKING A MARKET.
ONLY WITH THIS STOCK THE REWARDS ARE MASSIVE BOTH WAYS.
I REMAIN LONG AND HAVE DONE SINCE MID 2'S.

I am not questioning your judgement, sivad, but why remain long on what would appear to be a falling sp? This has got to be one of the easier graphs to read with fairly obvious resistance & support levels. Or am I missing something important?

SOLA just gone below 500p...do not go against the downward flow.

Time to go long soon ;)

HARRYCAT-a good question-graphs are a history lesson-they do not predict the future.
SOLA is in a sector which is the future in my humble opinion and that is why I will stay long.
Yes it hurts to see profits eroded,but they are only paper profits until taken.

I am in JHL and PVCS too so my risk is spread.Just very keen on the sector.

Is sola an energy company or tech company or a combination? Does it take its cues from oils or the Nasdaq or some darker speculative force?

I would guess it is an 'Alternative Energy Co', also falling under the 'Green' heading.
Nothing to do with oil, but subject to world price/availability of waste silicon.

hlyeo

On 23 May you said 'SOLA is clearly a sell now at 575p'. Well my friend you actually managed to pick the bottom cause the price went up to 660p. As has already been pointed out, timing is everything unless you are arguing that you will be proved right eventually.

Well, we can all say that. I guess my shares will be in profit eventually but it still doesn't get away from the fact that they were crap picks at the time!