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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 - 20 Aug 2008 16:23 - 2646 of 3050

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

Toya - 20 Aug 2008 18:23 - 2647 of 3050

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.

HARRYCAT - 20 Aug 2008 20:31 - 2648 of 3050

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.

Toya - 20 Aug 2008 20:54 - 2649 of 3050

Yes it certainly does need caution. I wouldn't dare buy it on CFDs - I've only traded this one on my basic Selftrade account, where I don't need to lob in more funds if the sp moves against me.

R88AVE - 20 Aug 2008 21:09 - 2650 of 3050

Finished $19.11 nearly up 10% on the day, which I think equates about 510p, so I think there is going to be a bit of gap up in the morning. I wouldn't dare short this now.

cynic - 20 Aug 2008 21:25 - 2651 of 3050

for once it looks as though we all agree, insofar as trading in either direction is fraught with danger.
Dow finished a tad above the psychological 11400 barrier aqnd there may be some follow through in F/E overnight ..... if so, a solid start in London looks to be on the cards

HARRYCAT - 21 Aug 2008 14:53 - 2652 of 3050

516p, so well past the 500 resistance. Wasn't confident it would go that far so sold yesterday. Damn! Small profit instead of medium profit.

Falcothou - 21 Aug 2008 16:18 - 2653 of 3050

Don't worry Harry a profit is a profit especially in this snakes and ladders market! Quite interesting the trading strategy where you buy a week prior to results, particularly when a share has been heavily sold off with a lot of stock on loan e.g. sola, rio , dnx which have rallied considerably possibly because of nervous shorters and a bit of ping pong sector rotation thrown in. The dollar seems to be key

HARRYCAT - 21 Aug 2008 16:23 - 2654 of 3050

I have got to admit that with this stock in particular I tend to trade the chart & forget about most other influences. I do watch what SOL is doing on the U.S. exchange as a guide, but as the latest figures are unaudited chinese accounting, best to watch the trend, imo.

Falcothou - 21 Aug 2008 16:48 - 2655 of 3050

I have to admit dual listed stocks do freak me out a bit because they can move 5-10% overnight and gap accordingly, life is stressful enough with just uk trading hours! B.P. rio for example.

ptholden - 21 Aug 2008 21:24 - 2656 of 3050

Looks like SOLA is trying to form another 'W' (the previous W was completed over a much longer time-frame and actually exceeded the chart target by some distance). In this instance an initial target of 560p might be on the cards.

HARRYCAT - 29 Aug 2008 13:41 - 2657 of 3050

It's got a bit bogged down around the 500p level.
Don't currently hold, but looking forward to some kind of movement as this is normally a good trading stock.

ptholden - 29 Aug 2008 13:55 - 2658 of 3050

Well Harry at the moment the SP has just made a higher high on recent performance (assuming this level is held). Not only that, it's through a pretty hefty resistance level of 500p (previous comment applies). I still think 560p may be on the cards.

HARRYCAT - 29 Aug 2008 13:59 - 2659 of 3050

Intraday it seems to push past the 500p level, but settles back at the close.
Wouldn't be comfortable long or short at the moment, especially on such thin volume.

HARRYCAT - 29 Aug 2008 16:05 - 2660 of 3050

Looks like a good call, pth. 520p & still climbing today.

cynic - 29 Aug 2008 16:07 - 2661 of 3050

given that london is about to close, a position (if you must) on ADRs would seem more sensible

HARRYCAT - 03 Sep 2008 08:26 - 2662 of 3050

Back down to 350/360p now?

ptholden - 03 Sep 2008 09:00 - 2663 of 3050

Wouldn't be surprised Harry, looked for a while as if my target was on the cards but giving up 500p support is not good. At least a fall will cheer up Hyleo who was supremely confident of a big sell off, mind you that was two weeks ago :)

cynic - 03 Sep 2008 09:24 - 2664 of 3050

steer clear is my advice, as NY is rather dictating London ..... imo, Dow will recover quite significantly today(?) as peeps slowly wake up the fact that falling oil prices are really good news both for inflation and the economies in general

dealerdear - 03 Sep 2008 16:16 - 2665 of 3050

Down 10% so far and collapsing
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