Read the latest interims.......just make sure that you are sitting down.

I crunched all the SOLA capacity, production, turnover, profitability, EPS etc etc some time ago and on fundamentals I do disagree with GF's stance. If they can maintain production and capacity expansion in line with their own expectations, you can form an argument to say that the SP is not too toppy.

However, what is clear from the last two statements is that they are not meeting the planned quarterly production figures. Q1 was affected by the Chinese New Year (which must have come as a great surprise) and electrical power cuts and the last quarter by conversion of furnaces. No great loss in output but it does instill a sense of unease. Shall watch with interest during the next week or so.

pth

Sound comments pth. Having made a lot here and then switched a lot of my profits into PVCS, just not sure if Sola may suffer in the summer doldrums before getting some direction, be it whichever way.

Just get a look at those late buys though. Bounce back in the morning is on the cards.

gf re Cat losing a fortune in dot com boom / bust .... in comparison to what he made I think you'll find he came out just a tinsy winsy bit ahead , maybe slightly more ... you ask him.

And as for Evil .... hasn't he been shorting Regus all the way up from 10p , another great call NOT !

Which briefly means; whenever you find yourself in a hole, stop digging.!!!!

market does not like diasppointing figures and can be pretty brutal in its reaction .... my own bet is that sp will crumble further

Looks like a lot of PIs got the jitters with this one after todays trading statement which was a profit warning.

Just had a look at the end of day trades.

looks to me like we have a big seller out there. No RNS notification yet.

Could be back tomorrow......

and the day after.

BUT, it won't be you.!!!!!!

but it could well be me!
chart below is pretty self-explanatory ...... 25+50 dma shown

money joins mouth at 530!

Cynic

Just a note of caution, haven't looked at a detailed chart, but it's quite clear that the uptrend from Apr is still in place, personally I would wait for that to be breached prior to opening a short. Probably around the 515 area, may 'cost' you some profit, but may also save you some money. Just a thought.

thanks for your concern PT, but have already taken the plunge but shall certainly be monitoring that 560 level which looks to be a reasonable resistance/support ...... your charts and your understanding of them is much better than my paltry attempts, but i figured that the breach of 25 dma and 560 was not insignificant .... if 50 dma is breached, then seemingly no support until 480 ..... thereafter, it's anyone's game

cynic, on my Bloomberg charts yesterday I had the 50dma at 527.5. Today it's showing 526.96p, so it's right there and 200dma 428.08.

Cynic, I do like your sense of humour, and your modesty. OK, so 530p and you are out.,or about to short.?

so you don't read earlier posts lol!! ...... as i have said before, i am very upfront about these things ...... shorted at 530

Here you go chaps.

Three points of note:

You can see the original down trendline. This was the resistance that was broken during the chart breakout last month and as generally expected provided support during any pullbacks subsequent to that breakout. But once again the SP is sitting on this support.

You can also see the uptrend, which is currently also providing support.

What you cant quite see is that the SP is also sitting on RSI support.

Which all means it's either gonna find support here or its gonna fall through. Not much help I know, but this is certainly a pivot point as far as short term activity is concerned. If it does go 480p and then 440p is on the cards. I think 440p will be most likely, when it bumps into a rising 200MA.

pth



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LOL Cyn ... I'm too old to read back. Will watch with interest and wish you good luck. I admire your upfront attitude and integrity. Good luck.

Looks like the big bad wolf (big seller) is still around from trades so far.