Stockaccumulator

Solar Sector Plunges Right Along With Market

Correct about a some in the article, but with some solars, like SOL (Renesola) a bit if a different reason why shares were insider sold... I am reminded when Michael Dell had to sell a lot of shares to help raise capital, as he was limited by various authorities, SEC others involved with Dell's issue, in how many shares he could have newly issued again and again. So he sold off his own personal shares, a lot of them early after the issue, to raise more capital to tool up to meet the unbelievable demand for his product. They called him a thief, dishonest, and on and on. Shortly thereafter the shares ascended in price about 3200 percent over just a few short years. Those that held Dell after that debacle were richly rewarded.

SOL Renesola has proven that it has exponential profit growth, and will continue to ... hence why Investors Business Daily rated it the 4th best company out of 25,000 companies IBD had their computer system totally rate. The Chinese SEC is strict on reissue after reissue, so SOL it appears had to do whatever its dedicated chinese management felt it could to raise money to buy equipment and locations and staff to meet its amazing demand for its low cost recycled (sort of) components that are actually sold to other solar companies. You can't lump SOL in there and their management as some sort of dishonest thieves. In China, people do serious jail time especially where the investors are also Chinese funds, investors, risking their life savings, etc. It is important to read about each reason why insiders sell. Some it is greed, some there is a method to the growth story, like SOL.

Piper Jaffray practically audited SOL, went to China, etc... they love it... per their new article published in June. They do serious investigating, and don't put their name on just any company...

Zacks still today rates SOL number one out of 44 solars rated, and it and its independent analysts that Zacks follows still have a very strong buy on SOL (every analyst!)... with its unique product, SOL is a company to buy, hold and later thank your lucky stars you had the courage to ignore the noise.

We see SOL to over $55 by summer 09', as solar industry will be in explosive demand next year. 08' was just a brief temporary taste of things to come in solar. Imagine when oil is stuck at $150 month after month, seemingly forever. Governments local and national worldwide (especially both Obama and McCain) are on the solar bandwagon, and will be very serious on it next year. Meanwhile governments are figuring how to have more heavy taxes on oil profits, they are simutaneously making Solar a prime tax haven, even more than berore, and citizens worldwide are all for it.

And the chinese are able to adapt to low cost, change, innovation. SOL currently has a PE of 4 to perhaps 6... other solars have a PE, some reaching 300, and some make no profit. SOL today makes huge profit, every quarter, and it is growing exponentially. A case of (temporarily) throwing baby out with the bathwater (SOL)... take the time to read about SOL you will see this is all true...

We make a lot of money on fear here at SA... SOL is a new way, a great way to make money for nothing on other people's fear of nothing. Don't be afraid to hold SOL long... there will be a lot of pundits along the way to ignore...you will be glad you did...

Yours Truly, The Stockaccumulator...