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

gf

No, the delay in results doesn't really change my TA analysis, except to say it's gonna be an odd H&S pattern if it happens, but then you quite often have to look hard and use some imagination, they rarely look like a text book example.

pth

I'm not ramping just providing a counter balance -everyone should do their own of course but more detailed research appears on the other side---some of it agreeing with pth also.

mp

Opinion is what makes the market, if we all agreed, nothing would be sold or bought. Unlike some (most?) who post on BBs, I have given an opinion in advance and will be hoist (or not) by my own petard. Nobody gets it right all the time, personally I would be happy to get it right just some of the time, but this isn't done and dusted yet, not by a long chalk. When it gets above 6.50, I'll fold my tent and walk away. Until then I have a right to my opinion and will continue to pontificate in a (hopefully) reasoned manner.

pth

Thanks for that PTH.

I like to see a balanced view like you give out.

Cynic also does similar.

Theres just too many these days who think theres only one one way and thats upwards.

I sincerely hope that the holders here are proved right on results day. Too many think you are trying to deramp just because you have a difference of opinion on a red hot share thats in the investors/traders spot light most of the time.

Its obviously going to attract attention perhaphs like WNG were I have publicly displayed that I have sold 95% of my holding because I feel very nervous about its high, too high P/E ratio.

If it can enhance earnings going forward fair enough and the same goes for sola.

Good luck everyone.

to save you all hunting ..... sp has now fallen back, perhaps just on simple profit-taking because the more prudent feel matters have got ahead of themselves ..... an interesting time to watch ...... will sp continue to backtrack to (say) 25 dma or will in now bounce off 50 dma? ..... my advice (which we all know is worth bugger all) is to bank some profit and certainly not to buy until after the results





red = 25 dma
green = 50 dma

Bounce off 50 dma with no problem at all. See further rise.

quite right .... a very healthy move

552p now...r u in, cynic?

nope .... trying to avoid being sucked in by greed ..... have a pretty full portfolio at the mo anyway and as previpously stated, want to see what the results and trading statement have to say, or more importantly to see their effect on sp ..... my guess is that sp has now got ahead of itself, so short of anything truly stellar, it is more likely that sp will drop back, perhaps sharply and albeit temporarily.

gf

Thanks for the rational comment!

I don't think there was much of a bounce from negative territory early this morning, when I looked before 0845, hardly any stock had been traded and the mark down appeared more a reflection of the orders on the book and rather crap spread than for any other reason.

I'm quite looking forward to seeing if it does hit the convertible bond figure of 5.88 this week and also with what buying impetus and volume.

Cynic, I think you are spot on, this stock is far too volatile at the moment to take a position; personally I feel if it does reach 6 this week, there are still some good reasons to look at a short position, even if there are bullish headline news in the Results. How many times do we hear PIs bemoaning the release of good news linked with a smart drop in the SP? Seems there is either buying on rumour or the SP is being walked up, perhaps both (cynical sod that I am). Buy on rumour, sell on fact is an adage that often seems to work, otherwise it wouldn't be an adage.

pth

or if you are a Bear a shortage may make better sense than an adage (groan, groan, groan!)

imo forget the companys' fundamental for the minute have a look at the charts, from my understanding if MACD crossover soildly with small moving averages crossing the long moving average I see this as confirmed to buy, in which it has with considerable volume, the bull run has been confirmed. If I were shorting I would wait until RSI has peaked in this case it has not, far from it acutally only just started!

SOLA will continue to rage on upwards. 600p soon.

that's not far away, but then what?

I'm with PTH at the moment. I want to believe the only way is up, but am unhappy with the volatility. Strange - normally I'm really bullish, but at the moment I'm just nervous about this one. Will probably be proved wrong, but never mind . . .

MACD has crossed over, but still in negative territory, centreline crossover may be the real indicator. RSI only just started? Only 10% to go before in overbought territory. Should all coincide with Friday and a rise to 5.88. Then the real fun starts ;)

ptholden, the bull run often starts when MACD is in the negative terrority, RSI can go beyond the 70% mark as history shows this has peaked around 90% (before last xmas). I liked the fact the little tree shake this morning revealed strong recovery in sp is at the moment.

Nabbed this off another freebie board.

Probably get shot down again but its worth a read.

From Evil K friday...

I see that JP Morgan was ramping Renesola (SOLA) today but the combined arse licking of Morgan and Merrill cannot overturn the laws of gravity. The de-rating will continue soon.

R88

Possibly so and you are absolutrly correct re RSI, I don't really rate it that much as an indicator. Don't agree there was a shake this morning, just a reflection of the book at the time and hence the spread (10 pts).

If I had a stance now it would be neutral, although I expect near on 6 to be hit due to the bond issue. Am I the only one who thinks this is being walked up?

If I'm wrong it will have been an interesting few days, but I will certainly be keeping an eye on trades, volumes and indicators during the rest of the week.

Ptholden, i think its now where everybody is debating 'what if or which way will it go' leading upto the results. Imo stick to what the charts tells you.