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

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.

Very interesting news out today from one of those PUSHING this one in the past.

They've got rid of stock before the results..........

Growth Company Investor

SovGEM - BUY
Companies: SOV
24/04/2007

Profiled by Growth Company Investor at 14.25p, SovGEM has appreciated in share price terms yet remains substantially undervalued given its net asset value (NAV) growth record under loquacious chief executive Hugh de Lusignan.

The emerging market finance house invests in early-stage businesses, mainly in China or PRC-related markets, and issued strong finals for the year to December. The highlight was 51.6% NAV growth to 27.9p, substantially north of the current share price, which looks illogically discounted.

Profits increased from 270,000 to 1m, driven by an increase in realised gains on investment disposals from 450,000 to 1.59m. Realised gains reflected a number of transactions, among them the timely sale of the entire stake in fertilizer maker and first investee Bodisen Biotech, part disposal of its stake in AIM-star Renesola, and the sale of part of its holding in Harbin Electric, a Chinese linear motor maker now quoted on NASDAQ. Encouragingly, the numbers also revealed unrealised gains of 1.59m within the portfolio, up from 1.05m in 2005.

SovGEMs investment focus remains on profitable, early-stage listed or pre-IPO companies that are usually Chinese domestic demand-led, with the investment timing typically tied to a fundraising event, an IPO or graduation to a more senior market.

During 2006, the number of investments burgeoned from four to 15, while three new investments have been added since year-end, and two follow-on investments have been completed. NAV growth continues apace, with directors best estimate of today's NAV akin to 30.67p, representing 143% NAV growth since the group's flotation.

The share price discount to assets might reflect investor concerns about the risks of investing in China as well as early stage businesses generally. However, given managements track record of NAV accretion and de Lusignans palpable enthusiasm for an array of investments within the portfolio, we expect that discount to narrow with news flow.

James Crux
Market cap: 5.24m
PE Forecast: n/a
Share price: 23p .............................. ENDS

But they didnt show up on the last RNS from sola on fund participation.............

ReneSola Ltd ("ReneSola" or the "Company")

Significant Shareholdings in the Company

The Company has undertaken a review of its share register and discloses below
the Company's Significant Shareholders (being a shareholder of 3 per cent or
more of the Company's issued shares) as at 9 February 2007.

The information contained below was obtained from the Company's registrar.

Shareholder Number of Shares Percentage
Interest

Li Xian Shou* 39,534,019 39.5

Wu Yun Cai** 20,366,010 20.4

Diverso Management Limited 6,604,164 6.6

Morgan Stanley Investment Management 3,138,945 3.1

*Mr. Li Xian Shou's shareholding is held through Ruixin Holdings Ltd, a company
incorporated and registered in the BVI.

**Mr. Wu Yun Cai's shareholding is held through Yuncai Holdings Ltd, a company
incorporated and registered in the BVI.

Following this review the Company has become aware that the following parties
are no longer Significant Shareholders.

The Eureka (Euro) Fund Limited

Polar Capital Partners Limited

Improve Forever Investments Ltd

RAB Capital plc (including shares held by RAB Special Situations (Master) Fund
Ltd and RAB New Technologies (Master) Fund Ltd)

The Eureka Interactive Fund Limited

Enquiries:-

In China:

Charles Bai, CFO

ReneSola Ltd

Tel: +86 573 477 3061, +86 573 477 3058

Email: charles.bai@renesola.com

In the UK:

Charles Ryland/Suzanne Brocks/Catherine Breen

Buchanan Communications

Tel: +44 20 7466 5000

Tim Feather

Hanson Westhouse Limited

Tel: +44 113 246 2610

Email: tim.feather@hansonwesthouse.com

so SOLA's results are out, but as i have trouble reading and understanding the Sunday Sport, don't expect me to analyise them ..... howvere, i do note that the result would seem no better than forecast back in February, so my guess there will be a lot of disappointed punters, especially on the back of the convertoible bond issue which was NOT (I think) forecast in February

Me too Cynic, although I note on top of the Convertible Loan issue they are looking for addional funding via a bank loan........hmm. We'll soon find out what the experts think when the market opens.

pth

Also not encouraged by the "Funding" statement - clearly discussions not finalised and funding of capacity expansion/associated working capital looks like a big issue.

but the market seems to like the figures, at least for the moment .... sp currently +35

but look at the volume

Everyone's jumping for joy on the board but I just don't see it personally...

Not much on the order book either, wonder if it will start to drift down?

I expect to see in close in the red.

snap .... but shall watch with interest rather than go short (i think!) ... chart below shows 25+dma converging at about 520 which will or at least should give quite solid support .... of course, if that is broken with any impetus, then a short may be the order of the day





red = 25 dma
green = 50 dma

This is being shorted, watch L2, everytime I put a sell order in at the Offer, I get gazumped! That's why it's ticking down.