If I were one of the puffers after reading that last e-mail and also the news out this monday from Chareles the CEO would institutions be willing to take the risk of shelling out funds for further expansion given the state of credit markets worldwide and the recent market weakness.
spo now heading sharply south once more ...... next obvious support is 200 dma at about 440 ...... happy enough to have got out a bit prematurely, but if 200 dma fails, it iwll be worth taking a good look as to what happens thereafter ...... of course, there is almost as much possibility that the fall will be seen as overdone with a sharp (perhaps shortlived) correction to scare the bears
i am trying hard to sit on my hands as i think the markets are currently very dangerous and unpredictable - e.g. who would have guessed FTSE to open +50/60 after the further drfubbing in US on friday? ...... meanwhile, closing my short on SOLA does not now look so dumb with sp at least temporarily back through one of the key levels - 480