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ReneSola Ltd. Message Board

  • crvin31 crvin31 May 7, 2012 12:17 PM Flag

    oil going 20 dollars lower over summer

    that is real bad news for the solars.

    New tariffs will impact the chitty china solars the worse, especially those with problems and low emergency cash reserves like SOL.

    After the earnings losses it will stand for chit out of luck SOL, I sold today will back back half my position at 1.40-1.50 before earnings losses and the other half after losses in the 1.20 range thus having more shares of this pos that will probably take 2 years to go up if it is still listed 3 or 4 months from now.

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    • u really stupid man. solars are selling off because of oil price. oil will disappear within 20 years anyway so there is no connection between oil prices falling and solar stocks fallling. they are selling off because of poly/wafer pricing falling appart. but as i said, @ some point we will get the turn around. Japan & china were just not fast enough to catch the european lack of demand. I believe q1 was the bottom and demand will come back big time particularly form Asia. Europe will follow after the crisis. if you think that Germany and Switzerland will get rid off all their nuclear within the next 5 - 8 years, an unthinkable amount of solar parks have to be built in order to substitute them...

      • 1 Reply to bullenmarkt
      • Bullen

        Does this stock go down almost every single day. Well 4 out of 5 days are a slow bleed of red.

        I hope you enjoyed the slow bleed days because this sucka is about to have a few fast and hard down days. The real tariffs will kick in 2 weeks from now, about the time that sell in May and go away really gets going. It was not even a down day and this pos was down 5%... What happens tommorrow when we really have a big down day of the whole market getting dumped. All the earnings right now on CNBC are bad, EA, RAX, all bad bad news! China slowing, the china scams will get hit just as hard as the solars the next two weeks as they are as overpriced as this SOL crap is.

        By the way why did your CEO or COO bail? I can guess he looked at the finances and the business plan and said "I don't see a way out of this mess before BK" Screw it, I quit!

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