Soul-thanks I cashed a few more today and bought PET which is kicking off today on news from Iraq and also added to my TMC GNG and YOU. also I'm sorry to admit a sprinkling of YOO as it's flickering!
thanks PT ... well noted as well as lack of general downward momentum .... shall be away from tomorrow morning for a few days so shall be looking to lighten my overall positions anyway ...... now out at 493 (+1500 thank you very much!), though it was a tad more than i would have liked to have paid.
chart 1002 shows bounce off support at 480...... coiuld now easily run back up to 560 but stay alert as there looks to be plenty of hot money coming in
well worth watching first thing in the morning to see how sp reacts to Wall Street's sharp tumble
Salford exactly, its only worth 150p when you take into account the amount of profit it made (tax free by the way) and its 20 million of assets and then also the downside on its cash flow predicament.
Its been puffed up beyond recognition.
Looks like the IC as the dagger out today.....
INVESTORS CHRONICLE
The Chinese Bubble:
*China Shoto (CHNS.L) - Griffin Mining (GFM.L) - Prosperity Minerals (PMHL.L) - Renesola (SOLA.L).
would not really want to be proved right, though if it happens, it would be tempting to stick 2 fingers up to certain members here (and on other Chinese stocks) to say "Told you so!"
Glad I closed my trading play while the losses involved were barely more than deal costs.
Trend does not look encouraging since the SP was 560 a month ago, so I would not take a long position at the moment. Potential shorters can make up their own minds; I'm content to stay away.