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

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.

Dream on...target 250p??? a joke?

Hi sd

Yes, it could have and perhaps should have and I posted as such a few days ago. Having got back through there, I'm thinking 500p is the next resistance level. I'm looking at this as a H&S pattern, although skewed, sort of lsiting to port and therefore I'm quite happy for the right shoulder to form at 500p. Note the lower volumes accompanying the rise over the last two days and negative divergance on the MACD over a longer period. The SP is also going to bump into the 25 & 50 MAs right on cue, providing additional resistance to the chart and the 'emotional' resistance of 500p.

As I have said, if the results are ok, all bets are off and I'm sure it will continue to motor, but if not.............down we go.

250p a joke? No, not at all, there is nothing to stop this freefalling all the way down, because there is no support whatsoever until it hits that level.

I rarely look to short a stock. One I thought of was MOB at 400p, but didn't; SBT I did, but had to close before the big fall due to leaving the country and incidentally all the 'long' brigade were happy to add and add at 250p before the collapse. This is the third I have noticed that may well prove to be a very profitable trade.

Complex chart patterns rarely follow the book exactly and if it does come off, I am sure it won't fall in one fell swoop, but once in profit it is easy to further build the position and lock in profits.

We will all know by Monday, if I'm wrong, I'm wrong, c'est la vie.

Hlyeo, no doubt you are long from higher up, otherwise I am sure you would at least consider the prospect that SOLA could soon be added to your 'Drastic Charts' thread ;)

pth