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

indeed it does, but i would be very wary of buying before the figures, and if i were a holder, i might be inclined to bank some profits

Some us solar results out at 230 today may set the tone, I gather quite a few trade on higher PE's

Watching with interest. Am still holding, as failed to sell late last week. Currently sitting on 15% profit, but can't decide if 500p level will be breached once results are out.

bank some perhaps, especially as sp has just shot up to 500p mark ..... my guess is that SOLA's figures will not be good enough to sustain its recent recovery

Selftrade now provide a trailing stop facility, so maybe this is the time to use it.
Thin trading though is a bit of a worry.

Personally I think the US markets controls Sola UK's SP. UK PI dont show as much interest as the US does, hence thin trading here, which it is why probably difficult to judge which it is heading.
IMO its heading to test the all time high provided the results tomorrow are as impressive as lat time.
So far all majority company in solar sectors have released their results in past week or two have been impressive which should be encouraging for SOLA.

It's very good time to short SOLA at 500p now.

i agree that shorting is probably the better bet, but even then would only do so with guaranteed stop

Am I right in saying that results are at 230 so will they go into an intraday auction, ie will there be a gap up down that will blow through stop losses

JIASHAN, China, "Aug. 11 /Xinhua-PRNewswire-FirstCall/ -- ReneSola Ltd (''ReneSola'' or the ''Company'') (NYSE: SOL) (AIM: SOLA.L), a leading Chinese manufacturer of solar wafers, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2008 before the U.S. market opens on Tuesday, August 19, 2008."

Shorters getting nervous? Tricky call, imo.

Shorters are going to be right, I'm very confident about this...now 461p

incorrect logic for today's fall ..... could easily be the prudent locking in profits

however, if bears correct, then first potential support is 420, with 400 likely to be much more meaningful

however, a certain caution in shorting would also be wise, for the market is, to all intents and purposes, shut for shorting ...... in other words, there are so many open short positions that the MMs may well be very perverse and rocket the price regardless of the actual figures.

ADRs this evening may make a better and safer bet, in either direction

Huge spread 454 - 466p.

NOT that unusual with this stock, and MMs could widen it even further to burn the bears

Amazing to watch. Just scraped 490 & in the blink of an eye dropped to 445p!
Scary ride for the shorters!

Aug. 19 (Bloomberg) -- "ReneSola Ltd., the world's largest recycler of scrap wafers used in solar panels, said second- quarter profit almost quadrupled on increased production and higher prices.

Net income climbed to $23.3 million, or 19 cents a share, from $5.9 million, or 6 cents, a year earlier, the Jiashan, China-based company said today in a statement distributed by PR Newswire. Revenue almost quadrupled to $173 million.

The wafer company raised its full-year revenue forecast, predicting sales will rise to $640 million to $670 million. ReneSola in May boosted the target to $570 million to $590 million after pre-selling 80 percent of its planned 2008 output."

So strange with good results still hovering around 470 mark.

"We achieved significant growth and exceeded our targeted output for the
quarter as we continued to execute our growth strategies," said Mr. Xianshou
Li, ReneSola's chief executive officer.

The market doesn't seem to have reacted at all to the figures, but wonder if this may just be that this is the holiday season. September might see a bit more interest hopefully.