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

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.

Just wondering if its one of the 2 directors with the 50% plus holding.

I know the lock ins are about to expire, anyone have the exact date please?.

Looks like migration from SOLA to PVCS going on.

Heres a post I have lifted off ample....

PVCS rising another 6%+ this morning as more investors start to realise the potential of this company. It's got a lot further to run and with the gains so far seen since float (when Sola was 555 and PVCS 134 for my purposes), roughly 17.9% would mean I'd need to see Sola at 654p just to equal the performance.

Take a look and I'm fairly sure by the end of July we'll see some broker reports.
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Cynic, I think your short is looking like a good trade now, that trendline support is in danger of giving up the ghost!

Having had a quick look at PVCS it does look a much more solid company than sola.

Any thoughts on this PTH or anyone?.

Off to play golf GF so thoughts will have to wait until later. But as you say, looks more solid, perhaps because they are a European company with a proven track record?