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

only the Queen refers to herself in the third person..

anyone know that the payback period on one furnace is only 6 weeks. You will not find that Return on capital invested on any company in the FTSE3000 other than SOLA

f18

quite so, but still fail to see the relevance of the comment ..... grammatically, i am pretty sure i am correct, though happy to be corrected

Significant news just out.....

ReneSola Ltd ("ReneSola" or the "Company")

Significant Shareholdings in the Company

The Company has undertaken a review of its share register and discloses below
the Company's Significant Shareholders (being a shareholder of 3 per cent or
more of the Company's issued shares) as at 9 February 2007.

The information contained below was obtained from the Company's registrar.

Shareholder Number of Shares Percentage
Interest

Li Xian Shou* 39,534,019 39.5

Wu Yun Cai** 20,366,010 20.4

Diverso Management Limited 6,604,164 6.6

Morgan Stanley Investment Management 3,138,945 3.1

*Mr. Li Xian Shou's shareholding is held through Ruixin Holdings Ltd, a company
incorporated and registered in the BVI.

**Mr. Wu Yun Cai's shareholding is held through Yuncai Holdings Ltd, a company
incorporated and registered in the BVI.

Following this review the Company has become aware that the following parties
are no longer Significant Shareholders.

The Eureka (Euro) Fund Limited

Polar Capital Partners Limited

Improve Forever Investments Ltd

RAB Capital plc (including shares held by RAB Special Situations (Master) Fund
Ltd and RAB New Technologies (Master) Fund Ltd)

The Eureka Interactive Fund Limited

Enquiries:-

In China:

Charles Bai, CFO

ReneSola Ltd

cynic, you certainly got your 'correction' prediction right on target today.

sp has already fallen through 25 dma and is heading towards 50 dma (currently 510) ...... will this provide any support or even the psychological 500?

given that this latest panic was started by the Chinese (am sure you all know how and why), it is inevitable that Chinese-based stocks will be hardest hit

Chinese stocks taking one hell of a battering.

Just sold all of my remaining free carry holding in SOLA. Don't want to get caught in a bear market; there are plenty of stable investments out there (GF, I am sure I will be looking into some of your recommendations in the near future).

good luck to all.

hope you made some good money there soul*

soult - Surely this is a market correction, not a bear market???
Also, you are implying that SOLA will drop further? (otherwise you would have held)
Also, you are implying SOLA is an unstable investment?
Not getting nervous are you? :o)

You can`t keep a good value share down, which we have in abundance in SOLA.
Cheers and good luck holders.

i think the wise would either have already taken at least some profit and would be resisting the tempation to buy more, at least until next week when the dust just may have settled

despite what some may thinkl, i post this 3 day chart purely because of the way sp has (re)acted during that time ...... plunge followed by slight recovery and/or apparent stability followed by further grimness.

while sp will not fall indefinitely, if this 50 dma provides no support, then next level is fairly minor at around 480 ...... below that, and one could (not will) see freefall to 400

Surely that would be relevant if only SOLA was falling? The whole market has taken a big hit, so on your logic every chart would be in a downturn and heading for it's own 50 dma.
Of course the final outcome may be as you predict, in which case I will eat humble pie.

Evil Knieval thinks SOLA will go down to 170p...dream on, Evil...be realistic.

Harry ..... i have re-read all my recent posts and note that i merely made observations about support levels ....... My advice re SOLA, especially s it is a Chinese-based stock is to remain very wary and cautious ...... while there has been a very minor recovery this morning, it would be rash to take this to imply that the massive fallout was a 2-day wonder ..... there could easily be more selling to come across the board

My thoughts exactly.

I thought I'd recover my fairly handy profits from SOLA and perhaps find a safer haven for them until China sorts itself out. Just thought I'd be better safe than sorry.

Having said that, one of my other Chinese stocks, GNG, is romping away - has doubled in a couple of weeks and up 15% or so today :o)

sorry guys, but the current chart and debacle say it all

have just updated the bigger chart (post 635) which indicates that next support below 50 dma and 500 mark is about 467.

31p down on the day. I as getting concerned I might have done the wrong thing in selling when I saw this morning's bounce, but not any more . . . .

Made a nice 130% profit for my Dad as well :o)

though apparently i was a total ass to sell, or so i have been told ...... said "friend" seems to have gone very quiet on that score, though i sincerely hope he (and others) have not been too badly scorched

Evil is shorting SOLA...beware!