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

Thank pth most interesting. Obviously I would probably understand it better in action, however dont have level 2 format just yet, may consider it later when i get my profits!!! ;-)

By the way do you think they were trying shake off the shorts??

Who?

Pretty impressive recovery from todays lows, looking good for tomorrow ;-)

Yeah, very good. Growth in China is impressive.

does one dare mention the growth of China's inflation may go hand in hand with the growth in its GDP?

Exactly, why would that send the market down, when everyone knows China is booming. Ok, there is a risk of rise in interest, but there have already been three times or something. I think its just petty excuse. I cant see China slowing down that much, just about everything is made from there now even Burberry!

and even MG Rover.

Looking at the charts does anyone think a new support been formed earlier today around 525-530p ?

potentially yes, but with a raft of news out on Monday it's pretty meaningless in my opinion and the 400p level still concerns me. How rapid is the expansion, are the order still really flowing in at a pace? Are costs also accelerating and margins decreasing? All relative unknowns at this time.

Well considering the growth data given this week, personally I think Sola will have benefited alot out of it so far.

The important point you may have missed is, has sp got too far ahead of the game? - i.e. will results and trading update need to be truly stellar for current sp level to be maintained? ....... that is why i have been advocating caution for the last couple of weeks, for with so much hot money in this stock, anything less than stellar is likely to result in a sharp reversal, albeit that that may be temporary.

Fair point, would you think the charts would have indicated overbought sign if the sp was ahead of itself. The problem is from what I have read is the stockbrokers have raised the target price every now again. This probably is due to the fact this company keeps providing trading statements every quarter which can be a bullish sign.

here is the chart again ...... rsi is a fair bit higher than neutral and of course the moving averages are always just that! ..... that the company produces quarterly statements is certainly good PR but it does not override the observation i made in post 919





red = 25 dma
green = 50 dma

Sharewatch which has followed this from the outset mentioned an analyst (can't remember who) targeting 450p. You could argue we've had that tested already this month however you can't rule it out again.

all will be revealed next week ...... my own gut feeling is that results and announcement will be insufficient for sp to maintain upward momentum, so at least a short term drop or even slump ...... if that proves to be the case, it is possible that 450 will not only be tested, but will fail with next support at 400.

no, i am not predicting that WILL happen, but merely observing that it may

Does anyone see that the chart is showing a bit of a Pennant trend which pretty bullish indication. All quite before the storm as they put it.

R88

To be honest, no. I continue to think there is an argument to say a H&S pattern is evident and that we are now on the right shoulder. You could also argue that a Double Top is evident due to the price action over the last few days. If both my assumptions are correct a dive on Monday will complete both.

Problem with that thoery is my scenario regarding the convertible bond issue just hasn't panned out, I fully expected near 6 to be achieved by today and in fact I did open a long position this morning at 555, which I subsequently closed flat at 555 this afternoon. I'm certainly not brave enough to have a psoition over the weekend, short or long; I'm assuming of course that the figs will be out on Monday.

So verall, I haven't got much right so far with this stock, except to say I thought it would rise if 500p was breached. But you didn't need to be a rocket scientist to make that assumption!

Will monitor very closely on Monday

pth

pth

Possibly it is 50/50 really, in order to break the head and shoulder i think the sp will need to break the 590p. Having said that though the sp has broken the downward trend about a week ago when it bottom out. IMHO I think it will go up. (I hope !)
;-)

With regard to convertible issues, I am not sure what you expected?

Quite simple really, I expected the SP to be 'encouraged' north to allow the bonds to be cashed in for shares at 5.88.

Someone on the rival found this interesting article to give an idea for the future developments of Renesola:

http://209.85.165.104/search?q=cache:bmGkuNN009kJ:www.meyerburger.ch/uploads/cr/VW/crVWduZ9UeKjBamrxCbw3Q/En_MM_Rene_Sola_V1-2_final.pdf+renesola+employees&hl=en&ct=clnk&cd=7&gl=uk&client=firefox-a


Press Release Baar, March 30th 2007 Meyer Burger Technology Ltd | Grabenstrasse 25 | CH 6340 Baar | March 30th 2007 Meyer Burger wins strategically important customer in China, receives order of more than CHF 20 million Meyer Burger has gained another promising customer in the Chinese market and is participating in amaterial way in the customers plans for expansion. ReneSola, is substantially expanding theirproduction capacities and by doing so is putting its trust in Meyer Burgers expertise in the wire sawtechnology. In the context of the agreement signed, Meyer Burger will supply the necessary high-precision machines to cut silicon into solar wafers. The order received amounts to a total volume ofmore than CHF 20 million. Delivery of the machines is expected to take place during the second half of2007 and the first quarter of 2008. Meyer Burger Technology Ltd (SWX Swiss Exchange: MBTN) announced today that the company has gained ReneSola as an important promising customer in the Chinese market. Along with Germany, Norway and theUSA this market plays a significant role in the solar industry. The order received amounts to a total volume of more than CHF 20 million. The various wire saws areexpected to be delivered during the second half of 2007and the first quarter of 2008. ReneSola (listed on AIM, London Stock exchange: SOLA) has its head office near Shanghai, China. The mainfocus of ReneSola is on the production of recycled silicon and reaches to the processing of mono- andmulticrystalline wafers. ReneSolas objective, as a leading supplier of solar wafers, is to achieve a capacity of 256 megawatts by the year 2007, with a fully integrated production process. In this connection, Meyer Burgeris supplying the necessary machines and systems to cut silicon into solar wafers for the stages of expansion ofabout 200 megawatts during 2007 and 2008. In this project Meyer Burger was able to successfully establish itself against its competitors, comments Peter Pauli, CEO of Meyer Burger. With this success Meyer Burger confirms again its technological edge in cuttingsilicon into thin wafers with thin wires. Our expertise and long-term experience in cutting hard and brittlematerials with high-precision machines specifically designed for this purpose, enables our customers to makesignificant cost savings, which represents a considerable contribution to the reduction in overall costsdemanded for solar energy.Li Xian Shou, CEO of ReneSola is pleased with the completion of the contract. We have pleasure in thestrategic partnership with Meyer Burger and look forward to further cooperation in the future.