{"id":6061,"date":"2011-07-14T20:04:54","date_gmt":"2011-07-15T00:04:54","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=6061"},"modified":"2011-07-14T20:04:54","modified_gmt":"2011-07-15T00:04:54","slug":"renesola-attempts-a-bottom","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/07\/14\/renesola-attempts-a-bottom\/","title":{"rendered":"ReneSola Attempts A Bottom"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece<\/a>.)
\n<\/strong><\/p>\n

ReneSola (SOL) has come a long way down since I highlighted it near its two-year peak in late 2010<\/a>. The stock has lost as much as 65% since then.<\/p>\n


\n
\"ReneSola<\/a>
ReneSola has collapsed in the last 7 months, erasing all of 2010's impressive gains<\/figcaption><\/figure>
\n<\/center><\/p>\n

SOL has reported one disappointment after another in 2011. The latest disappointment came on Tuesday with the following earnings warning<\/a>…<\/p>\n

{snip}<\/p>\n

SOL blamed “…declines in wafer prices and a challenging solar module market” as the sources of the problem – this refrain has become quite familiar to solar investors as 2011 wears on….snip…This strong buying in reaction to more bad news is a very positive sign. For investors looking to re-establish positions in SOL, Tuesday’s low of $4.20 provides a clear stop.<\/p>\n


\n
\"Impressive<\/a>
Impressive buying interest from a bad news bottom<\/figcaption><\/figure>
\n*All charts created using TeleChart<\/a><\/strong>
\n<\/center>
\n<\/p>\n

…{snip}…as I have emphasized in previous posts, the time to buy into solar is when negativity is running high and the selling seems to suggest that solar will never come back. Moreover, solar stocks play an important role in my longer-term investing strategy for “Profiting from Physical Assets in a Resource-Constrained World<\/a>.”<\/p>\n

…{snip}…<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece<\/a>.)
\n<\/strong><\/p>\n

Full disclosure: long SOL<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) ReneSola (SOL) has come a long way down since I highlighted it near its two-year peak in late 2010. The stock has lost as much as 65% since then. SOL has reported one disappointment after … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[220,3,62],"tags":[106,107,16],"class_list":["post-6061","post","type-post","status-publish","format-standard","hentry","category-earnings","category-solar-energy","category-technical-analysis","tag-renesola","tag-sol","tag-solar-stocks"],"yoast_head":"\nReneSola Attempts A Bottom - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/07\/14\/renesola-attempts-a-bottom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ReneSola Attempts A Bottom - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha. 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