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

u r right ..... did not realise mkt cap was that large

What happened to PDYOR? ;o)

Plus, what was the point of the U.S. roadshow if the m/cap was below their interest level (sorry to rub salt in).
SP just broached the 450p level. I knew that as soon as I made a comment on the sp, I would be proved wrong!!!

cos i'm a lazy git! ...... and frankly, i don't give a hoot if peeps follow me blindly or even ignore me totally ...... not my concern!

well deserved smack Harry! ...... had forgotten all about that ...... confess my only real interest is if the share goes up or down ...... often do not care about the logic for same

Cynic, normally your analysis is spot on, so don't let your standards slip:o)
Many of us need your steadying influence. The rise of the SOLA sp has benefitted us all over the last few months, but it won't go on forever so logic & reason will probably be crucial in knowing when to jump ship.

Hear, hear!

I want to come up with something suitably Douglas-Adamsish about logic and reason jumping ship but it's midnight and my brain won't work.*

suggestions on the back of a fifty-euro note, please . . .



*I'm only here cos I'm having one of those late nights.

Ahem. Don't forget we are British here. None of that nasty, funny money here!

Unfortunately I get paid in that nasty, funny money.

However, being a truly global banker I will accept anything that is legal tender. Including the new Iraqi Dinar, as long as somebody will please promise me that the currency is one day (soon) going to do what the post-war Kuwaiti money did.

SOLA bid 485p. Now to see if 500 is going to be a resistance level. I suspect a certain amount of profit taking before that.

tipped in techinvest

Great stuff: SOLA Bid: 485p Offer: 486p Change: 31

Just lifted this from another site, looks like Winnie is still after this one...

Stock in the News - Renesola (SOLA)

Tom writes: The Chinese AIM bubble will burst because of a) scandal and b) hype and overvaluation. Bodisen Biotech is already supplying the former in spades. Renesola is a prime candidate to supply the latter. At 454p the market capitalisation is 454 million. On a minimal tax charge (is that sustainable?) third quarter post tax profit was just under 4 million but there was a net cash outflow. Net current assets are just 13 million and net assets not much over 20 million. So on an annualised PE of almost 30 and a vast premium, to net assets why is anyone tempted to buy? Hype and daft charting analysis..

the prob with SOLA is that it is so young that it has no trading record or anything else of merit ..... thus evaluating the company and the level the sp deserves is even harder than usual ...... i fear gut instinct will be the best guide, but an equal racing certainty that most of us will not follow it

GF, somebody on "another site" made the point that Winnie appears not to have done his homework. In SOLA's case the figures are all there, both in the results aleady released and in the projections of production increases.

I certainly never bought on the basis of hype or of charts.

ST yup I know you wouldnt do that from past performance.

He as a point on net cash outflow and on NAV, perhaphs is motive is to help his chum Evil K?.

GF, you may be right - I don't go in for conspiracy theories, but it does seem that one has to be fairly wilful when it comes to ignoring SOLA's prospects.

looking forward to the next trading statement and/or the financials for FY 2006.

have just taken my (very nice) profit on SOLA for a second time ...... not saying it isn't good medium or even long term, but feel some profit taking is well overdue, and 500 looks as though it may have been a step too far ...... am sure i shall be back in ...... shall be watching closely the sharply rising 25 dma and sp's reaction to it




red = 25 dma
green = 50 dma

rpi indicates pretty overbought, though not horrendously so

What relevance is the 25 dma please. I understand the principle of the 200 dma, but surely 25 is a far too short a time span to judge the next move on the chart?

in fact i would rather have 20 dma, but for some reason the chart system here does not allow it ..... relevance is that it tends to indicate (short term) trends .... you will often find that it provides a support (or resistance), so if it is broken and one has a decent profit, then it may be wise to take it, if you are a trader .... conversely, the price may well bounce off that level .... have a look at the chart above and you will see what i mean

overall, in my very amateurish way, i am trying to determine trend, and that is what will often influence my own decisions .... occasionally i am right!