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

The 4th 1/4tr results which have been 'put back' ..... if that is so, then watch out; it's never good news

From trading update...

2006 Results

The Board is pleased to announce that Deloitte Touche Tohmatsu, which has
extensive experience in the solar industry in China, has commenced work on the
audit of the consolidated accounts for the year ended 31 December 2006. It is
anticipated that the preliminary announcement of the results will be released
by 16 April 2007.

The Company now expects that the preliminary results for the year ended 31
December 2006 will be announced during the week commencing 23 April 2007.

which has extensive experience in the solar industry in China, ..... why would a company post that sort of thing?

Possibly to give the market in general confidence that the final figures will be accurate, given that chinese accounting procedures can be 'flexible'.?

Just great! Had a 'sell' on the system to trigger at 495p as the sp had struggled past the 500p mark for a while. Current bid 517, offer 524p.
Not heard any news either to warrant such a rise.

The confirmation of the bond issue completion ends with " the company intends to use the net proceeds from the Offering for capital expenditure, working capital and general corporate purposes". From what I understand they have said they would only do this as and when certain expansion plans had been met so I guess this is viewed as a positive (if this is the reason?).

chart on post 735 is worth viewing .... sp now just nudging underside of 25 dma with 50 dma only fractionally above

& what does that mean exactly, please, cynic?

it means what it says .... go and look at it (page 37) and draw your own conclusions!

Apologies. I should have said that I have already had a look at the chart on page 37. The sp has already passed up through the 25 dma & is now heading for the 50 dma. But, until now the two dma's have followed much the same trail. Now they have converged, so that the 50 dma is higher than the 25 dma. Previously the sp have moved through the 50 dma but then retreated.
Without imposing upon you, can we assume that the graph now works in reverse, with the sp retreating below the 25 dma & having to break through that to show an 'up' trend? Thus a fall is very likely?

i would not go so far as to say a fall is likely, but i would certainly keep a weather eye on that 50 dma to see if sp stalls there ..... as it is only a very little way higher, i would certainly not be a buyer at this juncture

see post 735 .... the chart is looking rather poorly = 2nd or 3rd failing to break back above 25 dma .... if 470 is broken significantly then 400 is in prospect ...... must be second or third time of warning

I thought u r not into china...cynic... but u r into SOLA

not for several weeks but having done well from it, i watch it ...... not into Haike either!

A bit of a skid today - looks like April profit-taking?

SOLA Bid: 465p Offer: 470p Change: -19

Now bid 454, Offer 460p !!!
Bit of a skid was a slight understatement. :o)

Harry, I'm making sure I make use of my British understatement now I'm back in the country :o)

Besides which, it's very easy to be sanguine about misfortune when it's happening to other people!

I assume/hope you didn't get caught?

No. I still watch this one & play the bounces when I can, but will wait now to see if Cynic's forecast of a drop to 400p comes to reality. If the sp still continues to peak at 520p, then there is money to be made!

Results could be interesting when they come out.