

As
Rowsley awaits approval for the acquisition ofPerfect Field
S$300 mln pa for 3 years), it is useful to see what?s
happening to China solar stocks listed in the US:
-
US$24.56 yesterday, down from the IPO price of
US$27. This is likely due to:
- the 22% plunge of
Wednesday following ?unexpected loss? for Q1.
Solarfun has almost halved in 7 weeks plunging from
US$17.68 to US$9.38 last Friday. (Solarfun?s IPO
in Dec?06 was priced at US$12.50.)
(which comes with profit guarantee ofLDK, which made its debut last week, closed atSolarfun?s share price last- Suntech Power, which is the only solarTrina Solar, which listed last December
energy company (other than Perfect Field)
appointed to supply solar energy to Beijing?s
?bird?s nest? during the 2008 Summer
Olympics, has traded sideways since the
start of 2007. (Suntech listed in the US in
Dec?05, with IPO priced at US$15.)
-
with IPO priced at US$18.50), has seen its
share price fall 38% in 7 weeks.
all still quiet on the Rowsley front...
too many other hot stocks liao...
The way that Rowsley closed at 0.285, shows strength, with 2 'transparent candles' formed, the last 2 days, including decent volume.
THe next 2 levels of resistance are 0.31 and its recent high of 0.33. If these 2 levels are taken out, it will look even more bullish.
On the fundamental front, investors will be looking to see if they can fulfill 2 of the iminent conditions in order for the reverse takeover to be successful, namely :
1) Dr Ma's company has to have a net profit of 70m RMB (S$13.7m) for yr end june 2007.
2) To achieve a manufacturing capacity of 70 MW by July 07, and finally a total of 100 MW by Oct 07.
There is a more efficient solar energy generator than Dr Ma's invention. It's called the Stirling Dish. Do read the under-mentioned threads:
http://www.stirlingenergy.com/whatisastirlingengine.htm
http://www.stirlingenergy.com/breaking_news.htm
I believe the Stirling Dish has much more potential than the plain vanilla photo voltaic cells which are very low in efficiency.
start short this share from 10/may,post shorting of this share on 13/may.this will go down further as sum of deal is not right.

Investors cut loss by sell off large volume of shares in hand.
next week will further facing sell pressure.....
Based on MACD chart, RSI chart and OBV chart analysis
Result: It moving downtrend.
Won't be surprise price range falling below 0.20 next week
Very weak buying power at 0.22
Those who thinking of buy in, got to be caution.
oh my gosh its bleeding...ventured in once and got bruises.
pay some school fees to Mr remisier king's school

Rowsley floated to 0.22c (-0.01ct

Time | Last | Volume | Bid/Ask |
17:05:04 | 0.220 | 2,025,000 | X |
16:57:36 | 0.225 | 50,000 | A |
16:57:10 | 0.225 | 40,000 | A |
16:57:08 | 0.225 | 20,000 | A |
Traded Summary for (Fri) 1st June 2007.
Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
0.220 | 4 | 2,225,000 | 200,000 | 2,025,000 | 0 |
0.225 | 38 | 2,530,000 | 2,329,000 | 0 | 201,000 |
0.230 | 34 | 2,554,000 | 2,429,000 | 0 | 125,000 |
0.235 | 28 | 1,204,000 | 663,000 | 0 | 541,000 |
0.240 | 2 | 2,000 | 0 | 0 | 2,000 |
TOTAL | 106 | 8,515,000 | 5,621,000 | 2,025,000 | 869,000 |


Since d good news had appear, everyone hope it Cheongg...Ahh.

Just a gentle reminder of my very own personnal opinion.
Posted: 20-May-2007 | |
I am , i am into CEnersave, not on Rowsley co's as this story is still unfolding with alot of promises of making it into, so rite now Mr Ex-Remisier King and Dr Ma hope by painting a rosy big pic, hoping other BBs can follow them in their vision to give more seed money to plant more $$$ into their pocket 1st.It is a trying period to catch "make hay while Sun is shining". Waiting to see if it ever touch 0.15c or not.... ![]() Just my personnal opinion, clear one holding if U can and don holding it for too long, unless one have deep pocket to hold and even with such holding power, one can consider buying at a more attractive px. (moniter those BBs deals at what px, then and if really 1 2 go in, catch some deal, buy on a dip within mean to hold, the losses will not be that great). |
China shortage of power supply and factory had to cut production, reported in the paper. Dr Ma had a solar solution to solve the problem. Solar farm is easy to construct and implement.