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

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

sure, we all have to start learning somewhere. Best of luck with your current holdings.

still +30p on yesterday, so what's the grizzle for?

Me no grizzle. If you read back a bit you'll see I'm happily predicting further rises :o)

Morning all,

Firstly we have taken some more off the table at 493p. We still hold what used to be 60% of our core holding but cannot justify not taking such substantial profits in such a short space of time. Our requirements are, of course, a little different to private investors and we still believe there is considerable upside potential in the share price.

The tome from Merrill Lynch, the presentations in the USA etc etc will provide firm support. However it is coming close to the end of the year and there are some institutions who will take the opportunity to lock in profits to massage their end of year figures (those bonuses need to be justified !!!).

There will be days when the share price will be marked down severely on very little volume - the trick is not to panic (or indeed use the opportunity to top up if you need to).

However we are looking at one or two other Companies that look distinctly undervalued and will use our SOLA profits to take a position.

Ian

Good morning Ian,

Thank you for that sage and very balanced update - much appreciated.

Those other co's sound interesting - I wish you success with your stockpicking!

SOLA Bid: 478p Offer: 482p Change: 17

SP has bounced off the day's lows of around 465. Could it be that buys are starting to come through from the US?

stop getting over-excited or you'll fall out of your wheelchair, if someone doesn't tip you out first

:-) !

LMAO.

Would you push me along the promenade, please, Cynic - the sea air calms me down (until I start thinking about SubSea Resources, at least).

that was very interesting just now .... decided to take my SOLA money off the table for w/e ..... guess what! ...... exceedingly difficult to shift my paltry 5000 shares, even though there are 3/4/5 MMs for the stock including Merrill .... the latter was not at all interested at even 1p below the notional bid ...... anyway, still made about 18p nett per share since buying yesterday, so not exactly any valid complaints ...... but watch out guys!

back to 3.50 or less within the next 3 weeks, wise move cynic, i sold out on 5th at 3.60 as that looked pretty overcooked to me then, must be all those ovens.

don't know whether or sp will fall back to 370 or perhaps even lower .... however, it is clear that MMs have plenty of stock on their books

From across the road, somebody needs to sort this out with the management?.

Wont look good to the Yanks........

just one concern from the roadshow pp presentation renesola did in usa just now, operating profit ok but renesola is apparently making a loss....probably a glitch by the cfo but not exactly confidence inspiring:

1Q06 Op Profit $1496 net profits for year (as they call it) $-36
2Q06 Op Profit $5046 ditto $-109
3Q06 Op Profit $7923 dittto $-303

check for yourselves at: http://www.renesola.com/download/Presentation.pdf

on page 12. Maybe this is a local chinese accounting covention (?) or something, but it has certainly got my sphincter going somewhat.

Either its a mistake which is a bit scary at this level or they are making a bottom line loss that isnt explained anywhere...

can anyone shed any light?

ps i am accountant who can't add up myself...

everyone knows that accountants can't add up, and I have already commented on Chinese accounting on another thread! .... Regardless of what may have been reported on ADVFN, I reckon the chances of a sharp correction are much shorter than those of continuing surge ...... Note my post 394

SOLA going down 40p this morning

sure am glad i dumped all mine late yesterday, even though i had to accept a couple of pennies less than indicated ........ sp already down 65 and would not be at all surprised to see a retrace of up to a further 100 ..... there is so much hot money in this stock, that i suspect there will be some forced sales

could go lower than my prediction of 350

Profit taking - might be tempted to buy in if it falls to 320 - 340.