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

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.

was there any mention about margins or profitability? .... surely those are the key questions, as t/o is of questionable value

Net profit during the second quarter of 2008 increased 31.9% sequentially
and 294.6% year-over-year to US$23.3 million.
Second quarter production output was 82.5 MW, an increase of 24.1% from
66.5 MW in the first quarter of 2008, exceeding previously issued guidance of 75 MW to 80 MW.
Gross margin 06/07 22.4 %. 03/08 22.1 %. 06/08 24.7%.

All looks to be reasonable to me, but accountancy was never my strong point!

i too am at a total loss when looking at accounts, but having now had a look, confess that even i think the numbers look pretty healthy ...... am therefore puzzled that ADR performance was pretty moderate last night, even compared to FSLR, and that there has not been substantial bear closing in london this morning.

was there any press comment? .... i assume not

am almost tempted to BUY - lol! ...... beginning gto look like a bit of a squeeze starting, but i am unsure where any rise would run out of puff

Bit too close to the historic 500p level for my liking. Has tended to meet resistance at that point.

I had a little flutter on this a few days ago and sold as the sp approached 500p - because, like Harrycat et al, I feared resistance at 500p. It did briefly go above that on Monday (after I'd sold of course!) but I think it could well penetrate that barrier again soon, and there may well be another upward surge.

The figures do look good, there's a growing market, and as yet there is no sign of a glut of solar wafers.

So: temptation is to buy again.

Just had a quick look at the 2yr chart. Sp is way above the 50 & 200 DMA & historically 600p has been the peak (though breached the 700p level once), but this stock is prime target for the shorters, so buying now needs caution, imo.