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

Alleyne, I'm interested in what most people have to say provided it's constructive. I thought that's what the boards are for!

Sola didnt respond very well today on the news of this secondary listing.

It appears that one or two of the puffers* (who I have been informed talk all day about someones manhood on the advfn thread)have caught on about this dilutive effect, on their holding.

* Im well known for being a poor speller, should their be a t after the second f ?.

YOU of all people should know that Slate.!!! LOL.

In the red again, mind on very low volume which doesnt mean one thing or tuther.

AGM this thursday. No doubt the puffers are all getting ready for good news, but whats that stock market saying..... profit warnings come in 3s.

GF .... though i am a fellow shorter, there really is no need to keep chuntering on about how sp is going to fall ...... when it does, you can say "told you so", and if it goes the other way, you can say "whoops! called that one wrong" ...... meanwhile, sei stumm!

Cyn, GF doesn't have anything better to do other than to knock SOLA.
Let him play.
Wouldn't be half as bad if he had the bottle to take a position in SOLA, one way or the other.
Never mind, we will just have to put up with his foaming, which incidentally, got him banned for the very same thing on ADVFN, on the same topic too. LOL.

Just to put things straight never ever been banned from advfn.

Cynic Ive as much right as the next man to air my views on a stock.

Some chose to post when RNS , news etc, is released, I like to keep in touch with the stocks im interested in on a daily basis. its up to the individual and we all have differing posting styles.

It would be nice for a change though if the Bulls who support sola rather than just slagging off the other sides point of view put up some kind of credible defence.

What weve seen so far points to the fact that they dont have one, or are most of them lemmings like Ive suspected for a long while.

gf .... no one questions your right to post, but by golly, you do get awfully repetitive as did 10B ..... for myself, everyone knows i am short here and at what price and with what target i have in mind ...... i don't need to keep repeating ad nauseam ...... and nor
do you

Testing 508p which represents the 38.2% Fibonacci level. If it breaks here, 476p is the 23.6% level.

spread is currently pretty wide at 510/522 ...... at least i am now in the money, though was never significantly out of it ...... will need to check other data to see where PT and I reckon support may be

That will be because they want to test the 508p level in my opinion. Weakness across all markets naturally impacting.

will be interesting (to some!) to see if Alleyne now sticks his head above the parapet!

meanwhile, an easy to read 6 month chart below.
note that sp very recently hit the underside of 25 dma and fell back smartly, and has now pierced 50 dma without a breath and with some impetus ...... 200 dma remains some way south at 460 ...... that is my potential target to which i am not firmly glued

close of biz, or more likely, tomorrow's opening could give a better indication of where sp is heading, though my guess (wishful thinking) is south

Not sure if you can play around with your charts cynic, but if you can post the Fibonacci graph for this year, you will see that it has almost been a text book example since the beginning of the year. Graphs are not always accurate and it doesn't mean it will be for the future but they have proved a good tool here. 508p may yet hold, but personally my view is that it will not.

PT is much more sophisticated than I ..... the TA thread is well worth a look ..... you will find SOLA written up there several times, as well as others.

by the way, i have just shorted Cable at 20636 ......though 20700 was the target, i felt this was close enough.

ouch cynic, that's my business! think we'll see cable at 2.07 before very long, and I see 2.10.

Greyhound

Posted this on the TA thread 16 July, a different rationale for support at 510p ish. Funny old business this charting :))

pth

My original analysis of SOLA predicted the SP sliding along the middle downtrend line and intitally this is what happened. Friday gave me pause for thought as it appeared to have broken through rising resistance. However, today has seen the SP dip below this line once more, although not in a conclusive fashion. I was curious as to why the SP bounced at 510p and looking back it's pretty obvious, I should have drawn this SP support line from the outset (der). MACD conitunes to turn up ansd the RSI is now sitting on what was a res line but now may become support. For what it's worth the SP is now sitting on the 50MA which may provide additional support. I wouldn't go long or short on this chart today, but as a holder I would wait for further direction before making a decision. Not much help I know, but it's not always clearcut :S

pth

would not argue about 2.07 but suspect you are too pessimistic re $ falling to 2.10 ..... my guess is that UK rate rise is already factored in ..... though there are quite short odds on US rates being cut, that will not necessarily have an adverse effect, and may also already be factored in.

thanks pth, interesting reading.

hi PT ..... i think direction has already changed! ..... tomorrow may well prove the point

You may be right cynic, but fx markets always overrun, as long as you have your stoploss in place. 2.0530 the level to watch should we head lower. A break of 2.07 and there are few limits there, it will be fast.

Back to Sola, I tend to agree the direction is pressuring the downside.