Performance 
After a mixed day for our little, green share portfolio, ReneSola shoved us into positive territory with a 7% gain, busting a little resistance on the way.
As the heftiest share in our portfolio – on current weighting it makes up 56% of our holdings – any movements in ReneSola’s share price has a substantial effect on where we end the day.
After exploring 140 pence yesterday, today was always going to be a test for ReneSola as it has run into resistance repeatedly at this mark over the past three months. Not only did it open above 140 pence this morning, it traded above that mark all day, surging as the markets opened in New York. Taking a closer look at the three month chart for Renesola you’ll notice it has nudged above the 5, 10 and 26 day Exponential Moving Average (EMA) lines and is closing in on the 200 day EMA. All strong signs but I’ll be very interested to see what happens on Wednesday.
Clipper Windpower ended the day slightly down, Ceramic Fuel Cells and Climate Exchange oh so very slightly up.
Low Carbon Accelerator took a 6% whack but making up less than 9% of our portfolio, the impact was minimal.
So after a £440 pound appreciation this week already, I say, bring on Wednesday.
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Comments
Posted On
Jun 02, 2009Posted By
JonGood luck with the project. What a great idea! I am a keen user of Kiva and admire your pledge to microfinance. Good on you.
I have been a subscriber to Small Company Share Watch too. I can vouch for the quality. I am holding Renesola (from their recommendation) as well as Eros (Bollywood film maker that is also turning upwards).
Good luck to you.
Posted On
Jun 02, 2009Posted By
PaulThanks Jon, really appreciate your comment and I’m looking forward to getting stuck in with Kiva. I opened an account last week and made my first two loans – all very simple!
Will take a closer look at Eros. Thanks again!
Posted On
Jun 05, 2009Posted By
PaulJon, Eros looks good, and I like the potential in a market like Indian cinema. Annual Report made very interesting reading. Think I’m going to have a little flutter on it – thanks for the tip.