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

hlyeo

On 23 May you said 'SOLA is clearly a sell now at 575p'. Well my friend you actually managed to pick the bottom cause the price went up to 660p. As has already been pointed out, timing is everything unless you are arguing that you will be proved right eventually.

Well, we can all say that. I guess my shares will be in profit eventually but it still doesn't get away from the fact that they were crap picks at the time!

Somebody is bitten by the sound of it.

No I haven't held these shares for about 3 mnths now.

if it were not that SOLA ADRs are quoted in NY, thus potentially skewing things in London, i hope i would have had the courage to short (easy one that, as obviously i have not!), as chart is showing southward journey to continue ...... no encouragement for holders today other than market generally looking a little perkier

opening at 489p now.

Maybe tempted to top up again! Test roughly the same lows in last three days so it looks like it has found some support here around 500p.

Where is the support??? It is slipping away.

As I keep saying this will never do what you expect which makes it extremely dangerous to trade

now you see the huge prob and risk of trading SOLA while its ADRs are tradable in US ...... only way to play (i think) is to buy/sell SOLA when London is open and to close at close, and then do similarly with ADRs.

given the dual listing and variation of "type", also difficult to determine whether or not the chart has even less meaning/reliability than usual.

agreed

Sorry, I don't agree. The chart showed typical weakness and I still say it will go down further although it may not be in a straight line.

on balance, i think you are right, but purely becxause i think the stock is still over-priced and the underlying wirth very questionable ...... on the other hand, its competitor in US (First Solar = FSLR) continues to perform strongly overall, though it too can be very volatile

445p now

unless the ADRs move against the stream dragging London with them, which is always possible in US, then next meaningful support is somewhere between 380 and 400 where 200 dma is hit.

took a gamble late friday afternoon on basis that US was looking stronger n bought at 438 ..... however, much as 500 provided some support, so it is likely to provide resistance and have no intention of doing other than trade .... shall be watching very carefully and shall certainly not hold beyond wednesday close as off on jolly hols for a couple of weeks and shall not be able to monitor incessantly.

your decision looks good at the moment cynic.
Enjoy your hols!
I'm off to Turkey in a few hours so looks as though these boards are going to be a bit quiet!

Drew some lines on a chart over the weekend and although I will no doubt be accused of being clever after the event, I found three that all converged at 437 (Friday's close) which suggested that my 'time to go long soon' had indeed arrived. So Richard your gamble was actually based on sound TA, for the moment anyway :)

good morning Peter ...... trust the Arabian Gulf is not proving unbearably hot, at least not yet - come July and you may as well be a turkey in the oven! .... my logic for buying was based on pure greed rather than logic (lol!)!

shall force myself to follow my own published discipline ...... showing a very tasty profit here, but shall take it before close (have done so at 483.25) ...... shall then consider whether or not to take a position in the ADRs

Finished $20.02 in US so it should be over 500p in morning. Is that a gap filled in.

Attached web link to stockchart suggesting reversal in trend after today in US
http://stockcharts.com/charts/gallery.html?sol