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Stop loss locks in 17.3% gain on ReneSola (SOL)

Posted August 18, 2008

The “Sell at $18″ stop loss we announced on Friday locks in 17.3% gains on ReneSola (NYSE:SOL).

by J.Christoph Amberger

Baltimore — (TFN): TFN’s solar earnings speculation, ReneSola Ltd. (NYSE:SOL) opened at $19.17 this morning, before swooning down below $18. That’s exactly where I had told you last Friday to move your stop loss to: “Get ready to either sell or readjust your stop loss on Monday.”

Tomorrow’s earnings announcement may still turn out to be spectacular. But for the time being, we’ll book 17.3% gains for our TFN portfolio… in less than a week.

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