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

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.

R88

I think it will go up to 5.88 (ish) and then tank. As far as I am concerned my skewed H&S pattern is still in place. We'll see :)

Still very strong in this market.

Closed at 562p (up 20p) and closing in on 600p by end of week. Shouldn't be a problem. I am sure Evil is seeing red now. LOL!

SOLA has merely closed about where it was about 16:15 yesterday, but still not a bad performance ..... shall still watch and wait

Following a false start, it's doing exactly as predicted thus far. If EK is still short and intends to remain so, he will be building a bigger short position from higher up. As opposed to 'seeing red' I imagine he is rubbing his hands in anticipation of a much bigger fall, assuming of course he's convinced it's still a short. Whether it scoots above 600p depends on the figures in the Results and if the Bonds are converted into shares and subsequently dumped (or not). Were I a holder I would certainly be looking to take profits at the 5.90-6.00 level due to the Bond Issue and uncertaintity of the Results and If I feel that way, what is to say that holders do not? Could be quite a sell off.

AIMHO of course, DYOR etc etc.

:)