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

SOLA is looking more and more like a short ...... i get the feeling that sp is being artificially supported whiole SOLA tries to get $200m offering taken up on Wall Street .... in fact, given the present conditions, i guess its's far from impossible that that will be pulled as unfeasible

I'm no expert in charts, but would it be fair to say that a price to short would be a fall below 410. The 200ma is at this level now, and you can see the last time the sp fell below 200ma was at 400p in mid November it went down to 338p.

read Peter's comment above .... he uses more sophisticated charts

Shorting off the 200MA in this particular scenario could be quite dangerous, take a look at my chart, trendline support immediately below.

200 dma is about 435 .... all dma broken at about 420

But rising lows since autumn intact in volatile markets.

are you still long? ..... i am neither long nor short

Yes for the time being, hoping to ride out this instability. Considering it's been pretty robust in the last few months.

it has indeed, but you may want to read some of the earlier recent posts re improving clarity etc etc ..... my own view, as posted earlier, is that sp is being supported by no more than smoke and mirrors

Up to speed with the reading, if not the posting. I'm just having a different view on this (and other solars) of late.

certainly PVCS are doing ok-well considering the general bloodshed

thanks for the help cynic & pth I can see the trendline support below 200ma now.

how interesting .... rest of the market performing adequately, so interesting to see sp here now falling quickly below the (arguable) key level of +/-420

I don't agree that 420 is a key level. Looking at my last chart the old original downtrend res has been broken (might have provided support, but didn't) and is now heading for the uptrend support at roughly 400. This is the real key level.

thanks Peter .... well noted

Sola had tracked the market over last four days, until today when it seems to have fallen of a cliff. I wonder if doubt's are creeping in about it's ability to secure $200m fundind in the US.

Short again at 459p so its going pretty well.

Thanks for the TA chaps its much appreciated.

well done GF though arguably quite a brave short at the time ..... suggest placing stops to ensure you keep a profit

Never use them cyners.

Might get caught out, but then thats me and my trading style.

On the edge and love it, on the short side only........ WOW.

Downgrades hitting the sola sector , well worth a read.....



and

http://www.ft.com/cms/s/0/abd14c32-c632-11dc-8378-0000779fd2ac.html?nclick_check=1

High-growth stocks, particularly in the alternative energy sector, fell as investors shunned risk in favour of defensive stocks.

German solar panel maker Q-Cells , which soared 186 per cent in 2007, dropped 18 per cent to 66.44. On Tuesday SociGale downgraded the stock to "sell" and reduced its target price to 66 from 98.

SocGen also cut its rating on rival SolarWorld to "sell" and lowered its price target to 29 from 45. SolarWorld fell 17.7 per cent to 28.95. Norwegian solar panel maker Renewable Energy lost 21.8 per cent to NKr159 yesterday, taking its weekly losses to 27.2 per cent.