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

Big swing is merely indicative of low volumes on the book. One SETs trade can move the Sp out of all proportion to the actual daily trend.

the chart is now starting to look interesting with pretty good support at 135/140 = not far from where we are now ...... may well be a bob or two to be made

Should benefit from rising crude also story in FT today re solars

I closed out in the 170s, trendline support is now broken and wouldn't touch it with a bargepole at the moment. I'm only sorry I didn't take profits at 200p.

Business Financial Newswire
Renesola upgraded to buy from neutral at Goldman Sachs

"ReneSola Ltd today announced it has been granted the exclusive right in a letter of intent with the Taiyangshan Development Zone in Wuzhong city, Ningxia Hui Autonomous Region, to develop a 150 megawatt ("MW") on-grid solar power project with a budgeted total investment of RMB 4.8 billion (approximately US$ 706 million). The project, which is subject to a feasibility study and government permits and approvals, has a four-year, four-phase construction period that is expected to begin in 2010."

i got the bounce right, but was slow to react

been sitting in AMUR (up 130%) ; SOLA (up 22% resistance at 180p) and YELL.
Just sold all 3. It could be said I've had a good morning... for a change!

Interestingly the news about the letter of intent had been in the public domain for a couple of days. I suppose the rise is more due to the broker upgrade.

this will be back to 500p before you know it..not many shares and tightly held

agreed 5 year end which is only a few months away!

3.50 should be next stop!

230 if you're lucky - see below

fuck it...tanking..bloody j boy crooks!

sola stocks hit in the US.

behave yourself maestro or you'll find yourself keeping company with the shoket

I have never ever bought this one...incredibly unpredictable....must have another look at this during the weekend.

it's a bit of a flake, but it's not too bad trading off the chart ..... PTH is much brighter than me on these things - i just use very basic MDAs and similar as indicators

http://www.telegraph.co.uk/finance/comment/6077374/China-powers-ahead-as-it-seizes-the-green-energy-crown-from-Europe.html
Quite a bit in moneyweek re. competition

China proposes guaranteed renewables market-Xinhua
Tue Aug 25, 2009 1:32am EDT

China legislators seen mulling renewables fund

Monday, 24 Aug 2009 07:35am EDT Featured Broker sponsored link

BEIJING, Aug 25 (Reuters) - Chinese lawmakers have proposed draft legislation that would establish state guarantees for the purchase of renewable energy production, Xinhua reported late on Monday.

The draft amendment to China's Renewable Energy Law, would, if approved, guarantee the direct purchase by the central government of an annual minimum of renewable energy for the state electricity grid, according to the Xinhua report issued The report did not provide any timetable or details for the legislation.

China is preparing a renewable energy stimulus package, and plans to raise the proportion of renewable energy to 15 percent of total energy consumption by 2020.

Currently, the buying of energy from renewable sources is left to state grids to negotiate with power producers.

The guarantees should benefit renewable energy companies including Suntech Power (STP.N), Trina Solar (TSL.N) and ReneSola (SOLA.L). Wind firms Sinovel Wind, Goldwind Science and Technology (002202.SZ) and Dongfang Electric (600875.SS) (1072.HK) would also be potential beneficiaries

The announcement comes after the news agency reported that lawmakers were discussing a new fund to develop renewable energy technologies. [ID:nPEK374521]

The fund would be financed in part by surcharges levied on renewable energy prices, and would be used to support scientific and technological research, it said.

China's renewable energy stimulus package is expected to raise its solar power generation target for 2020 at least fivefold, although it will remain a much smaller player in China's power mix than wind and nuclear sources.


http://www.reuters.com/article/rbssSemiconductors/idUSPEK24136120090825