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Renesola - want to see huge growth ? Look no further !! (SOLA)     

whatuwant - 21 Aug 2006 13:28

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

Chart.aspx?Provider=EODIntra&Code=SOLA&S

ptholden - 16 Jan 2008 12:12 - 2141 of 3050

Shorting off the 200MA in this particular scenario could be quite dangerous, take a look at my chart, trendline support immediately below.

cynic - 16 Jan 2008 12:36 - 2142 of 3050

200 dma is about 435 .... all dma broken at about 420

Greyhound - 16 Jan 2008 12:43 - 2143 of 3050

But rising lows since autumn intact in volatile markets.

cynic - 16 Jan 2008 12:49 - 2144 of 3050

are you still long? ..... i am neither long nor short

Greyhound - 16 Jan 2008 12:57 - 2145 of 3050

Yes for the time being, hoping to ride out this instability. Considering it's been pretty robust in the last few months.

cynic - 16 Jan 2008 13:28 - 2146 of 3050

it has indeed, but you may want to read some of the earlier recent posts re improving clarity etc etc ..... my own view, as posted earlier, is that sp is being supported by no more than smoke and mirrors

Greyhound - 16 Jan 2008 13:34 - 2147 of 3050

Up to speed with the reading, if not the posting. I'm just having a different view on this (and other solars) of late.

cynic - 16 Jan 2008 14:12 - 2148 of 3050

certainly PVCS are doing ok-well considering the general bloodshed

spitfire43 - 16 Jan 2008 18:26 - 2149 of 3050

thanks for the help cynic & pth I can see the trendline support below 200ma now.

cynic - 18 Jan 2008 11:40 - 2150 of 3050

how interesting .... rest of the market performing adequately, so interesting to see sp here now falling quickly below the (arguable) key level of +/-420

ptholden - 18 Jan 2008 12:27 - 2151 of 3050

I don't agree that 420 is a key level. Looking at my last chart the old original downtrend res has been broken (might have provided support, but didn't) and is now heading for the uptrend support at roughly 400. This is the real key level.

cynic - 18 Jan 2008 12:53 - 2152 of 3050

thanks Peter .... well noted

spitfire43 - 18 Jan 2008 13:17 - 2153 of 3050

Sola had tracked the market over last four days, until today when it seems to have fallen of a cliff. I wonder if doubt's are creeping in about it's ability to secure $200m fundind in the US.

goldfinger - 18 Jan 2008 13:19 - 2154 of 3050

Short again at 459p so its going pretty well.

Thanks for the TA chaps its much appreciated.

cynic - 18 Jan 2008 13:28 - 2155 of 3050

well done GF though arguably quite a brave short at the time ..... suggest placing stops to ensure you keep a profit

goldfinger - 19 Jan 2008 00:05 - 2156 of 3050

Never use them cyners.

Might get caught out, but then thats me and my trading style.

On the edge and love it, on the short side only........ WOW.

goldfinger - 21 Jan 2008 02:07 - 2157 of 3050

Downgrades hitting the sola sector , well worth a read.....



and

http://www.ft.com/cms/s/0/abd14c32-c632-11dc-8378-0000779fd2ac.html?nclick_check=1

High-growth stocks, particularly in the alternative energy sector, fell as investors shunned risk in favour of defensive stocks.

German solar panel maker Q-Cells , which soared 186 per cent in 2007, dropped 18 per cent to 66.44. On Tuesday SociGale downgraded the stock to "sell" and reduced its target price to 66 from 98.

SocGen also cut its rating on rival SolarWorld to "sell" and lowered its price target to 29 from 45. SolarWorld fell 17.7 per cent to 28.95. Norwegian solar panel maker Renewable Energy lost 21.8 per cent to NKr159 yesterday, taking its weekly losses to 27.2 per cent.

spitfire43 - 21 Jan 2008 10:08 - 2158 of 3050

When I checked earlier and saw FTSE fall 150 point's, I assumed that volume would be high with some panic selling. But no most companies have had even trading, with a few seeing double buying to selling.

SOLA is interesting with double sells to buys, this is becoming more tempting for a short now, not quite there yet. Down to 402 this morning, it will be interesting to see if the 400p support holds. As posted by PTH.

goldfinger - 21 Jan 2008 12:06 - 2159 of 3050

Gone through the 400p support spitfire, I wonder if PTH meant it had to hold below 400p for 2 days in a row to drop even further.

Pth are you out there?. Your TA analysis appreciated here.

spitfire43 - 21 Jan 2008 12:43 - 2160 of 3050

I was looking for a bounce back over 400p tomorrow maybe, with FTSE 280 down everything is being hit.

But PTH analysis would be welcome.
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