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

in your dreams! ..... IG indicator currently showing NY to open at 8680, and though i know whence you come, i think the late 220 point fall to 8220 on friday was actually after hours and not a true number

JIASHAN, China, Nov. 3 /Xinhua-PRNewswire-FirstCall/ -- ReneSola Ltd
today announced that its principal operating subsidiary Zhejiang Yuhui Solar Energy Source Co. Ltd. ("Zhejiang Yuhui") has secured additional banking facilities with two of China's largest banks: Industrial and Commercial Bank of China and Agricultural Bank of China.

The Banks have agreed to provide Zhejiang Yuhui with additional credit lines of
an aggregate of RMB1.06 billion. Under the new and existing credit facilities,
Zhejiang Yuhui has credit lines of approximately RMB2.8 billion in aggregate.

Capacity Expansion Update
ReneSola also announced that it has recently completed and commissioned 90 MW
of multicrystalline ingot and wafer capacity and 35 MW of monocrystalline ingot
and wafer capacity on schedule, bringing the Company's annualized
monocrystalline ingot and wafer production capacity to 325 MW and annualized
multicrystalline ingot and wafer production capacity to 250 MW. With the
delivery of an additional 70 MW of multicrystalline furnaces expected during
the fourth quarter, the Company expects to achieve its capacity expansion
target of 645 MW in annualized ingot production capacity and 585 MW in
annualized wafer production capacity by the end of 2008.

Third Quarter Outlook
ReneSola estimates revenues for the third quarter of 2008 to be in the range of
$210 million to $220 million and production output of between 100 MW to 103 MW.
This compares to the Company's previously issued production output guidance for
the quarter in the range of 90 MW to 95 MW. ReneSola will release its third
quarter earnings results and management will conduct a conference call before
the U.S. market opens on Tuesday, November 18, 2008.

"The recent increase in our ingot and wafer production capacity, together with
the additional capacity scheduled for installation during the rest of the year,
will ensure that we achieve our targeted capacity for 2008," said Mr. Xianshou
Li, ReneSola's chief executive officer. "While our capacity expansion for 2008
is fully financed and our cash position remains healthy, the additional credit
lines committed to us by two leading Chinese banks demonstrate their strong
recognition and confidence in ReneSola notwithstanding the current volatility
of the financial markets."

This currently mirrors the turnaround in SOL:US. Results due 18th Nov. Would be good to see this start the upward cycle again.

STOCKS NEWS Reuters Results diary

"Shares in AIM-listed ReneSola Ltd rise 8.9 percent after the Chinese-based manufacturer of solar wafers is recognised as the fourth fastest-growing Chinese technology company in the 'Deloitte Technology Fast 50 China 2008' programme.

The report evaluates leading Chinese companies in the TMT sector based on their average revenue growth rates over the past three years.

Stockbrokers Ambrian says the announcement recognises the strong position ReneSola has in the Chinese solar market as a growth stock.

'The company enhanced this position last week when it announced that it had extended its credit lines and increased it guidance targets,' the broker says. It reiterates its 'buy' recommendation for the stock."

Down 32%

but has not been possible to short for about 3 months

Which means what? That no one is prepared to lend it out for shorters? Why would that be?

are you saying then it is forced selling?

Buying opportunity before the close today!

you are joking of course! .... if not, then just plain nuts!!
if you insist on buying just before London close, then common sense dictates that you buy ADRs as at least those can be monitored and bought/sold during NY hours

nk ..... i sincerly hope you did not buy before the close ..... if you did, you have assuredly done yourself some nasty damage, as tomorrow's opening will show

Already in profit this morning!

Don't believe you unless my streaming is showing wrong prices.

The cheapest you could go long last night was around 134p.

ATM showing bid price of 132p.

Care to explain?

yes .... he doesn't know his arse from his elbow at best, but actually just lying! ..... SOLA live price as I write is 134/135 which is down 4

Thanks for backing me cynic

in any case, as i have always said of this share, the only (relatively) safe way of dealing is in London when that market is open and then close that position and work with same in in ADRs when NY is open ...... ADRs were hammered last night and finished -$2.52 at $3.47 ..... in fact, i am staggered that the opening London price is as firm as it is

Bought at 135p yesterday, current sp now 138, according to Selftrade.

dear oh dear. If you don't understand the basics you shouldn't really be trading.

1) Allowing for your dealing costs and stamp duty you would be lucky to be breaking even.

2) Whatever the offer price is, the bid price is lower and with this share (although not at this precise moment) the % difference is high. Currently showing bid of 134p

genuine live price is 134.25 - 136, and furthermore, has been 139 mid at best today ..... IG's prices are accurate though when things are volatile and/or there is a wide spread, phoning and getting the boys to deal through the market can prove better.

Point is, we are up and should close today higher, above 160p with 2 possible next week.
Remember the golden Rule, buy low and sell higher!!!