Greyhound
- 17 Apr 2008 14:24
- 2335 of 3050
Further great gains. I'm considering taking some money off the table, 100% rise in a month not a bad return. Having said that, think we could run to 450p first....
sivad
- 17 Apr 2008 14:58
- 2336 of 3050
A lot further Greyhound-remember this stock has been heavily shorted not so long ago-there are still some positions that are now desperate to close and stem losses.
There will be bounces off the top but overall we are looking at 6 plus-possibly more
Greyhound
- 17 Apr 2008 15:21
- 2337 of 3050
I agree it can go higher over time, but that's a sharp one month gain. Regarding the shorting aspect, not so sure many left to close. And if they do, that could dry up the buying activity. Nice medium term hold however.
cynic
- 17 Apr 2008 16:42
- 2338 of 3050
it's having another good day in US though
sivad
- 17 Apr 2008 20:04
- 2339 of 3050
dropping late on as the whole sector is-nothing wrong with a bit of profit taking.
HARRYCAT
- 17 Apr 2008 22:17
- 2340 of 3050
Just my opinion, but locking in profit soon would seem sensible. Once again, too far too fast.
ptholden
- 17 Apr 2008 22:49
- 2341 of 3050
Why would SOLA be worth 6 or more? It wasn't worth anything like 6 before the US dilution, but then actual valuation of a company often has little to do with the SP!
sivad
- 18 Apr 2008 16:46
- 2342 of 3050
Would not be surprised to breakout of 5 range with a projected p/e of under 10 for 2008/9
hlyeo98
- 21 Apr 2008 14:48
- 2343 of 3050
Keep on buying SOLA...450p now.
hlyeo98
- 21 Apr 2008 14:48
- 2344 of 3050
Keep on buying SOLA...450p now.
HARRYCAT
- 21 Apr 2008 14:50
- 2345 of 3050
Don't quite understand that, as Selftrade are currently quoting 424p to sell, yet stockwatch prices are 25p more than that!
Interestingly, CEEFAX prices carry a warning 'Changes wrong due to data problems'.
halifax
- 21 Apr 2008 14:55
- 2346 of 3050
Now where have I put my shorts!
cynic
- 21 Apr 2008 15:01
- 2347 of 3050
sure glad i shut down my short 10/14 days ago .... painful, but would be a lot more so now
ptholden
- 21 Apr 2008 15:02
- 2348 of 3050
COuld quite easily push onto 500p-550p now with this sort of impetus and complete the 'W' pattern. I've forgotten at what price those bonds are redeemed, but if they are, throw in a 10% (ish) dilution. The 50 and 200 MAs are totally out of sync on the 12 month chart and certainly a hefty retracement is needed at some point to sort them out over the coming months.
maggiebt4
- 21 Apr 2008 15:04
- 2349 of 3050
I think the bonds are around the 580p mark
hlyeo98
- 21 Apr 2008 15:58
- 2350 of 3050
So it is still cheap now.
ptholden
- 21 Apr 2008 16:01
- 2351 of 3050
Wouldn't touch it with a barge pole, unless short LoL!!
HARRYCAT
- 21 Apr 2008 22:20
- 2352 of 3050
Pth, why not do both? I know it's easy with hindsight to see the change in direction on the chart, but this rise was reasonably easy to follow. Very few people that I can see, are particularly interested in the growth or health of the company, but are just trading the chart momentum.
ptholden
- 22 Apr 2008 00:25
- 2353 of 3050
Harry, I'm not really doing anything with stocks at the moment, but long from 2 was a no brainer.
goldfinger
- 22 Apr 2008 02:14
- 2354 of 3050
Hi chaps back again to see you all, hope your all keeping well.
Im beginning to think its not far off "GET READY TO RUMBLE TIME". (on the down side)
A P/E of 19 flatters this one as we all know at 580p the 10% bond redemption can kick in and theres still the employee dilution which can affect the SP.
Dont think its time just yet but going into May I feel the next down leg of the bear will kick in and im armed ready to take advantage of it.
Remember this since 1970 in April the ftse all share has risen 31 times out of 37 times only to be followed by dire market conditions from may to october in fact the ftse all share on average has only risen by 0.25% in this 6 month period since 1990.
Weve had both bear and bull markets since 1990 aswell.
The effects of the credit crisis have yet to be felt in the real economy as a whole and i see a lack of growth with increased unemployment and poor PI investment liquidity.
Sees ya later.