Chris.  Things have not changed since TSL inked to purchase $59M poly
plant.  Now it is extremely difficult to raise mega fund against its
balance sheet in China as well as in US.  I track poly spot price and
it actually rose since their poly equipment purchase.  Poly's spot
price is now north of $400/Kg (cost is mere $40/Kg).  I have no
position in STP but maintain positions in TSL that is a trading stock
to me.  I simply advised jaz that, for long-term growth solar, STP is
a safer bet than TSL.  Traders like me prefer TSL as it is more
volatile and provides a lot of opportunites.
See U on May 18 week when TSL announce their 1Q08 earnings.