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

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.

Im repetitive Cynic, by golly gum drops just look at how many times you have posted here re TA (and today), or does that change by the day.

I have no axe to grind with you or anyone for that matter, just poping in to say solas getting a clobbering this afternoon.

Most stocks are getting a clobbering today GF :)
I wouldn't read too much into SOLA's drop today, miniscule volume. Strong support at 510p, I'm still sitting on the fence, will be getting splinters at this rate :S

pth

PTH not noticed the RNS from yesterday then I take it?.

Theres several ways at looking at the reasoning behind this.

A physical transfer of stock................................... but whats the real motive?.

I have my thoughts as its just before the AGM on thursday.

gf

Yes I did, and not really sure what impact their plans will have, talk of dilution, dual listing, will the directors start to offload? I would, retire as a millionaire, comfortably well off :) As you know, I was with Cynic in saying short from 530p. I'm just being honest now and saying I'm not sure which way it will go. More certaintity in other stocks at the moment.

pth

Even if directors do offload as it's British Virgin Is. incorporated, I don't think we'd know about it for quite a while anyway as there are not the obligations to advise as there are in other markets.

just before "silly time", spread has closed up to 509/514 ...... a fairly critical sort of level from memory

You don't need a long memory, yer daft sod, look at the posts above :))

Sat right on your 510p support line PTH.

Indeedy gf, will have to take a look at the chart jobbie after the close and see what sort of trendlines its fallen through again. From memory the shorter term uptrend has gone, but then it fell through that not long ago before recovering a bit.

splinters in the sphincter giving you probs m8 .... lol!!!

In fact about to test 508p which represents the 38.2% Fibonacci level. If it breaks here, 476p is the 23.6% level.

Just to quantify that comment, naturally of course the MM's are aware of these levels so whatever your view they'll look to test these levels too. For info Sola has almost been a text book example of trading within the Fibonacci levels since the beginning of the year.

We may hold here, but stronger support at 477p. We're repeating the end March picture, where this level failed. Will be interesting to see volume picking up and the direction then.

Quite a few AT trades going off.

Should be interesting tomorrow morning.

i picked 460 because that is where sp hits (rising) 200 dma, but 477 would do me fine

" For info Sola has almost been a text book example of trading within the Fibonacci levels since the beginning of the year."

If so, why haven't you used this wonderful knowledge and been making some dough, instead of forever harping on about 588p being the key point to short.?

GF .... nobody knows where this is going until after the GM.

By the way, how is your CART long going.?

Well I have kito (why haven't you?). I'm the first to admit I didn't sell at the all time highs so far but not far below. Then I shorted in April about 555 to 475 lows. Then went long up to 555 again and now short (since roughly the same time)... and the history is all here should you wish to check. So I've made dough, more than you on this one as I've been fortunate to profit from the ranges. At some point I'll probably choose to turn bullish again.

Kito, maybe you're confusing me with GF there actually?? But he looks to have a different strategy to me in wanting higher levels for bond impact.