kitosdad
- 04 Jul 2007 07:35
- 1193 of 3050
BUT, it won't be you.!!!!!!
cynic
- 04 Jul 2007 07:37
- 1194 of 3050
but it could well be me!
chart below is pretty self-explanatory ...... 25+50 dma shown
cynic
- 04 Jul 2007 08:10
- 1195 of 3050
money joins mouth at 530!
ptholden
- 04 Jul 2007 08:31
- 1196 of 3050
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.
cynic
- 04 Jul 2007 08:35
- 1197 of 3050
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
Greyhound
- 04 Jul 2007 08:52
- 1198 of 3050
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.
kitosdad
- 04 Jul 2007 08:53
- 1199 of 3050
Cynic, I do like your sense of humour, and your modesty. OK, so 530p and you are out.,or about to short.?
cynic
- 04 Jul 2007 08:55
- 1200 of 3050
so you don't read earlier posts lol!! ...... as i have said before, i am very upfront about these things ...... shorted at 530
ptholden
- 04 Jul 2007 08:58
- 1201 of 3050
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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kitosdad
- 04 Jul 2007 09:01
- 1202 of 3050
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.
goldfinger
- 04 Jul 2007 10:33
- 1203 of 3050
Looks like the big bad wolf (big seller) is still around from trades so far.
goldfinger
- 04 Jul 2007 10:35
- 1204 of 3050
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?.
goldfinger
- 04 Jul 2007 11:38
- 1205 of 3050
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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ptholden
- 04 Jul 2007 11:42
- 1206 of 3050
Cynic, I think your short is looking like a good trade now, that trendline support is in danger of giving up the ghost!
goldfinger
- 04 Jul 2007 11:45
- 1207 of 3050
Having had a quick look at PVCS it does look a much more solid company than sola.
Any thoughts on this PTH or anyone?.
ptholden
- 04 Jul 2007 11:52
- 1208 of 3050
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?
Greyhound
- 04 Jul 2007 12:07
- 1209 of 3050
gf, I put 3/4 of my profits from Sola into PVCS and happy with the performance to date. I think we'll see broker updates/recs before too long.
cynic
- 04 Jul 2007 12:08
- 1210 of 3050
shall be delighted for everyone to leap out of SOLA!!
PT ..... hope you don't get drowned; just managed to avoid that fate yesterday ...... 36 holes; dry a.m. a short thunderstorm mid afternoon and then heavens opened just after we walked of 18th green!
kitosdad
- 04 Jul 2007 13:11
- 1211 of 3050
Cyn, good luck with your short. How about you GF .. are you EVER going to put your money where your big mouth is.?
Greyhound
- 04 Jul 2007 13:16
- 1212 of 3050
kito, he's told you the price where he'd short several times.