NEW IDEA ON RENESOLA LTD (SOL)

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Renesola Ltd,  (SOL) is a solar stock.  Subsidies from the government in Germany have been a big part of the solar business.

Cuts in solar energy subsidies will be implemented on a monthly, rather than on a half-yearly basis, with a goal of phasing them out for some facilities by 2017, said Germany’s Environment Minister Norbert  Roettgen.

Short zone for SOL  is $2.49 to $3.11, stop zone is $3.31 to $3.62 and target zone is $0.90 to $2.02.

If the stock hits upper end of target zone quickly, plan is to book such profits.

Please carefully follow  ZYX  Change Method Trade Management Guidelines.  We are starting with a 5% tranche on SOL right here at $2.52.    Also putting in  5% tranche  GTC  limit orders at $2.63, $2.78 and $2.94. The plan is to short more if the stock goes higher.

We will be closely following this stock on the ZYX Short Sell Change Alert.

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