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

LOL - and here's me thinking they had them physically delivered in the night by the Tooth Fairy!! :o)

always reckoned you were pretty naive!
anyway, tooth fairy has certainly delivered some toothsome profits

Aye, the Tooth Fairy's great. Better-looking than Santa Claus, too.

on a more serious note ....... interesting to see that sales outnumbered buys about 3:2, yet sp is still +62 having been 10/15 higher during the day

No doubt hyleo will be along again in a minute claiming that the overwhelming majority of trades were sells as in 5:1 like yesterday !!!

Cynic , the trades shown on here are only indications and are not set in stone , in a fast moving share then many trades often get reported in the wrong column especially delayed trades.

i totally agree, but nevertheless the trend will be pretty accurate

And the trend is up suggesting buyers have the upper hand not sellers.

Dil, I am not here to argue with u but I guess you are right with Renesola as Merrill Lynch has recommended it a BUY today with a target of 800p. Merrill Lynch has considered it undervalued to similar US companies.

No probs hyleo , just pointing out that where it may have appeared as a 5:1 sell ratio a couple of days ago this was highly unlikely given the price action.

Ladies and gentlemen, we have 5 a share!!

SOLA Bid: 501p Offer: 505p Change: 40


FWIW the price action issue mentioned by HLYeo: if one looks on the price charts for the days in question, and not just at lists of trades, one sees some big, fleeting dips in the price as what are presumably big worked purchase trades go through a few hours after the buy order was sent (during which time the SP had of course increased considerably). Such trades would then show as sales because at the time of them showing up in the market the price of the stock would be below the mid-point.

So no "sells greater than buys".

worth bearing in mind that these shares are quite tightly held and the free float is quite a small percentage of the total, hence irses and falls likely to be faster than normal

well done to anyone in from the lower levels - looked at 120p and decided against - oops!!!

Fundi, you have a point re the liquidity - however there is no shortage of keenness on the part of buyers.

However, your point does not address the issue I am speaking about. Unfortunately I can't show you on a chart because I don't have historic intra-day trading data to hand, but if you look today you may see, for example on FT.com that from time to time the price chart will drop a single thread-like trace down to a very much lower price than the prevailing bid-offer - that's your late-reported trade.

ST

wasnt trying to address your point at all, was just passing comment after a friend asked for my views on whether he should sell and thought id post it here too

dont doubt the keeness of buyers but that can only last for so long and there must be a lot of people sat on very nice profits who at some stage (if theyve sense) will be looking to take some if not all of those profits and at that stage the correction could be as fast and large as the recent rise (and ill happily admit its on my watch list to short if the opportunity arises)

And finally, a thought on where the SP is headed.

Given that SOLA management has been out on the road in the US, I would expect to see more substantial rises in the next few days/weeks as the American insitutions get on board. How much of a premium they may be prepared to pay for future earnings, I am not certain, but if the consensus price target for end 2007 is 800p as per Merrill Lynch, then 700p ought to come up quite fast. Obviously some other solar co's have been carrying PE's of around 100. Not sure if that will happen in this case, but I think that, barring any accidents, we'll definitely see a continued rise in the SP, which may go further if analysts start outdoing each other wiith their forecasts and/or Merrill's revises its targets upwards after the next trading statements or financial results.

The thought that the Fidelities of this world might try to get in for their typical 3 - 6% of a company suggests that this one could run for quite some time.

All IMO - perhaps some industry pros like Ian could offer their thoughts.

Okay Fundi - and its a good point too.

Hoever, for the reasons just outlined in #378, with American investors being invited to the party - and on the evidence of the rapturous uptake of solar stocks in the US it seems clear that they will attend in force - I think this stock is going to go a fair bit higher yet.

But don't let me stop anyone from doing some sensible trimming of their portfolio. However, thinking back to my time at the bank (before I got sick), I could just imagine how we'd start to see trades of this stock creeping in as fund managers add it to their portfolios. Lovely !! :o)

ST

there may well be further to run medium term on fundies but looking at some of the technical signals this is way overbought and at some stage has to take a breather which will lead to profit taking - its only natural reaction to the danger of huge profits disappearing

Well done you guys - I do like to see success stories and people making some momey. Congratulations to those of you who saw the potential of this in August & September and stuck with it. Jealous - me - not a bit !!!!!!

Quite possibly.

Cheaper now all of a sudden: SOLA Bid: SOLA Bid: 493p Offer: 494p Change: 30.5


Funny, there was a tree-shake (or at least a similar dip) at the end of the first half-houror trading yesterday morning as well. Could be the effect of all the overnight PI business going through, followed by a bit of hard work by the MM's to get today's institutional stuff away, but WDIK. I'd give better than even chances of this finishing the day over 5.

The tiny spread looks like a buy signal, but again, I'm not expert.

Baza, it was there in the figures, and still is, although admittedly not quite as cheaply.

Why not console yourself with a nice dollop of GTL, which does appear to be cheap at present.

Soul T - Am afraid I am a novice when it comes to interpreting figures - but well spotted anyway