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

From a TA perspective the SP found support at 445/450, this bounce may well take it up to resistance at 475 where it will also encounter a falling 25MA, incidentally that 475 resistance may prove to be quite robust. I still think there is an arguement for a Head and Shoulders pattern, but it's balanced on a knife edge. If it reaches 475 and comes to a grinding halt, I would condsider a short position with a guaranteed stop.

pth

I think a lot of investors have forgotten about the effects of the impending dilution the Bond issue will create and the P/E ratio wont look too great when this gradually comes into being although if I remember rightly they cant convert until 5 plus per share.

One could argue that this kind of puts an artificial floor on the shares, but once the given price is reached.......

Beat me to it Cynic old chap !!

only interested in beating you at golf ..... get your own priorites right! .... lol

The way I played on Monday Cynic, shouldn't be too difficult. Having another outing this afternoon, beautiful day as well :)

snap! ...... tournament tees West with luck ..... such arrogance for someone off 13 but my friend/opponent is a strong 5 so that's what we always try to play

Lifted this from another freebie B/Board.

Looks like Evil K as the same worries as myself over cashflow....

Shares in Renesola (SOLA) have come back pleasingly ahead of results next week. I would suggest that novice investors check out:

a) Net tangible assets
b) Free cashflow generated
c) Earnings (were taxes to be at a normal rate)

and compare all three to the current market capitalisation. Those ratios will tell you a lot. Then check out the ratio of demented bullish postings on this stock on bulletin boards to the number of independent analysts (i.e. non corporate brokers) following it and you will see that ratio to be even higher. That is perhaps Evil's acid test of market madness. I remain short.

Evil might have got it totally wrong. He is so often wrong nowadays. He was wrong on DEBT and Chinashoto lately.

500 would do for me with a tight stop.

I think this chart may be more appropriate.............

Still quoting cawkwell hedgehunter.Its pretty noisy elsewhere also-desperately trying to protect your shorts?Youve been deramping this for at least 5 months now along with your fat mate, fortunately your activities are somewhat restricted now that the other board has rumbled your dozens of alter egos.

PWC .... personal abuse is uncalled for ..... it seems that if someone supports a share and the popular view, then he is a "good chap", but if he dares to offer a different perspective then he i said to be deramping, which though only a word, is used most pejoratively.

It happens that the charts indicate that it would be quite brave to buy at the moment ...... the imminent results and trading update etc are very likely to have quite a strong influence one way or another.

Quite agree cynic and so is insidious booktalking and the use of multiple aliases.I have no trading position in sola and dont need to worry about the popular view.I would unhesitatingly short this if I felt it was warranted.Scroll back through the posts and see how many times ek has been quoted by the same poster.Perhaps he could then be the recipient of your somewhat patronising moral censure, thats unless you of course support the methods of messrs Cawkell Miers et al .

patronising? do you know the meaning of it? .... do i object to personal abuse? ..... yes i do; it is childish and unnecessary.

Cynic,

a little unerving I would say the chart above comparing the Shenzehn to the Naz.

Thing is though if that chart does go on and proves to be a mirror, all the stock markets in the World will be hit.

sorry; unintentionally ambiguous .... i actually meant the specific SOLA chart which i have posted somewhere on here with the various dma's etc

Simon Cawkwell aka Evil is definitely wrong on SOLA. He will make a big loss.

Definitely wrong? Are you sure? Now let's see, who is the more successful player of the markets Hlyeo or EK? Hmmm, tough call, I'll have a think.

I know little about SOLA; I neither ramp or bash stocks, but I do look at charts and this chart is saying short! The rise over the last two days is actually quite helpful, insomuch as completing the pattern I'm looking for. It's managed to get through resistance at 475, but the biggie is 500p and from a time perspective it will get there just as the Results are due, perfect timing. It is clear the company have cash flow problems and are probably over-trading, ironically by being successful. If the latest figures continue to reflect these issues without a satisfactory explanation, then it's down they go, target 250p.

On the other hand, if the Results deal with these issues, 500p will be a strong base for further rises. If I held these shares right now, I would sell tomorrow and wait for Monday, there will always be an opportunity to buy back in, implicit in that statement is I wouldn't buy until the picture clears.

Will be ready to set up a short position tomorrow. Tight stop, if I'm wrong it will be a small loss, if I'm right there could be a 250 point upside to the trade.

AIMHO, DYOR etc etc

I certainly wish you luck, ptholden

pth - shouldn't it have bounced back down of the 480p support turned resitance level to compelte the pattern? Not in or out of this share, just interested in your analysis of the chart.