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

Thank you, MP, I shall take a look. Don't worry about O/T - to me it's only irritating when people start posting a load of info or argument when they could easily say "meet me on the other thread".

Incredible: SOLA Bid: 270p Offer: 271p Change: 41.5

And judging by the 1p spread, the MM's are still trying to encourage buyers.

Looks excellent & many thanks ST :-)

:o) I'm glad you're glad, Silver.

A nice little flourish to end the week: SOLA Bid: 268p Offer: 274p Change: 4

hoping for a strongish pullback sometime soon so I can go in for more 8-)

I am surprised more MoneyAM people aren`t in SOLA, even now they still look cheap and they are almost a bagger for me.

Not selling any of mine yet and will buy more on any dip.

Interesting post from well known private investor Paul Scott over on the TMF site..

Hi,

Cootuk2 asked ...

Given recent RNS about production expansion and historical profit margins, what puts you off?


Although this question wasn't directed at me, I'm going to stick in my tuppence-worth anyway !

A fellow investor put me onto Renesola, and gave me a detailed briefing about it over the telephone, following which I DMOR up to a point - i.e. didn't spend a huge amount of time on it, just enough to form the view that it's not for me.

It's difficult to work out why this share repels me. Every instinct tells me not to go near it. Reasons ?

1) Chinese business ethics - without wishing to Libel 1 billion people, it has to be said that the Chinese have a pretty dire reputation for business ethics, so personally I probably would not invest in any Chinese company, regardless of its apparent appeal.

2) Political risk - the West probably relies too heavily on China now for manufacturing most of our consumer goods. But whilst Bush is in the White House, anything can happen. It's only a matter of time before the US & China run into a major conflict, IMO. Maybe not military, but certainly economic conflict.

3) The regular newsflow about ever-larger increases in production capacity by Renesola just strike me as being a bit suspicious. Yes, it does sound too good to be true.

4) The story has been very well promoted, and is now widely known about in the investing community. So there's a seemingly endless flow of investors prepared to take the stock higher - until it eventually crashes of course, as it will (IMO). This has all the hallmarks of a bubble.

5) My contact on this didn't seem to think that Renesola had any particular Patent rights over their processes to make solar panels from recycled silicon. So my worry is that, seeing Renesola making spectacular profit growth, competitors will be attracted into the same space until the growth stops.

6) Sustainability of profits & growth. This is the big question mark really, and links in with point 5 above.


It may well be the case that Renesola turns out to be a spectacular investment from here, before it eventually comes down to earth with a bump. The market can & does regularly take growth stocks up to crazy valuations, so the bulls of this stock might well end up laughing at those of us who don't want to touch Renesola. I just hope people top-slice on the way up & are out completely by the time the tide turns.

All just IMHO.

Regards, Paul.

IMO he is correct in most of what he says, but there is no disputing that many of us have made a good profit so far out of SOLA, so I see no reason not to invest in the short term. But, keep locking in profit as the sp cannot continue to go up like this forever.

SOLA Bid: 280p Offer: 285p Change: 11.5

Harry .... don't disagree, but having taken a profit a few weeks ago, have just bought back in at quite a lot more than what i sold out at, though that too is now in the money

Harry .... don't disagree, but having taken a profit a few weeks ago, have just bought back in at quite a lot more than what i sold out at, though that too is now in the money

I also took profit a couple of weeks ago. Will wait for a dip & have another go, but think 285p is a bit steep at the mo.

Vertical take-off this morning:

SOLA Bid: 307p Offer: 312p Change: 21.5

Renesola DO NOT make solar panels.
They make the cells that go to make up solar panels.

Well, sort of . . . . They make the silicon wafer that goes to make the cells that go to make up solar panels. :o)

And whatever the risks of SOLA and Chinese stocks, it is a huge growth market.

And there's more: SOLA Bid: 313p Offer: 316p Change: 26.5

THIS ONES UNSTOPPABLE

So was the Titanic.

Not being cynical, just realistic - you've got to keep your wits about you.

Spread's widening - MM's must need some stock.

SOLA Bid: 315p Offer: 322p Change: 30.5