cynic
- 20 Aug 2008 21:25
- 2651 of 3050
for once it looks as though we all agree, insofar as trading in either direction is fraught with danger.
Dow finished a tad above the psychological 11400 barrier aqnd there may be some follow through in F/E overnight ..... if so, a solid start in London looks to be on the cards
HARRYCAT
- 21 Aug 2008 14:53
- 2652 of 3050
516p, so well past the 500 resistance. Wasn't confident it would go that far so sold yesterday. Damn! Small profit instead of medium profit.
Falcothou
- 21 Aug 2008 16:18
- 2653 of 3050
Don't worry Harry a profit is a profit especially in this snakes and ladders market! Quite interesting the trading strategy where you buy a week prior to results, particularly when a share has been heavily sold off with a lot of stock on loan e.g. sola, rio , dnx which have rallied considerably possibly because of nervous shorters and a bit of ping pong sector rotation thrown in. The dollar seems to be key
HARRYCAT
- 21 Aug 2008 16:23
- 2654 of 3050
I have got to admit that with this stock in particular I tend to trade the chart & forget about most other influences. I do watch what SOL is doing on the U.S. exchange as a guide, but as the latest figures are unaudited chinese accounting, best to watch the trend, imo.
Falcothou
- 21 Aug 2008 16:48
- 2655 of 3050
I have to admit dual listed stocks do freak me out a bit because they can move 5-10% overnight and gap accordingly, life is stressful enough with just uk trading hours! B.P. rio for example.
ptholden
- 21 Aug 2008 21:24
- 2656 of 3050
Looks like SOLA is trying to form another 'W' (the previous W was completed over a much longer time-frame and actually exceeded the chart target by some distance). In this instance an initial target of 560p might be on the cards.
HARRYCAT
- 29 Aug 2008 13:41
- 2657 of 3050
It's got a bit bogged down around the 500p level.
Don't currently hold, but looking forward to some kind of movement as this is normally a good trading stock.
ptholden
- 29 Aug 2008 13:55
- 2658 of 3050
Well Harry at the moment the SP has just made a higher high on recent performance (assuming this level is held). Not only that, it's through a pretty hefty resistance level of 500p (previous comment applies). I still think 560p may be on the cards.
HARRYCAT
- 29 Aug 2008 13:59
- 2659 of 3050
Intraday it seems to push past the 500p level, but settles back at the close.
Wouldn't be comfortable long or short at the moment, especially on such thin volume.
HARRYCAT
- 29 Aug 2008 16:05
- 2660 of 3050
Looks like a good call, pth. 520p & still climbing today.
cynic
- 29 Aug 2008 16:07
- 2661 of 3050
given that london is about to close, a position (if you must) on ADRs would seem more sensible
HARRYCAT
- 03 Sep 2008 08:26
- 2662 of 3050
Back down to 350/360p now?
ptholden
- 03 Sep 2008 09:00
- 2663 of 3050
Wouldn't be surprised Harry, looked for a while as if my target was on the cards but giving up 500p support is not good. At least a fall will cheer up Hyleo who was supremely confident of a big sell off, mind you that was two weeks ago :)
cynic
- 03 Sep 2008 09:24
- 2664 of 3050
steer clear is my advice, as NY is rather dictating London ..... imo, Dow will recover quite significantly today(?) as peeps slowly wake up the fact that falling oil prices are really good news both for inflation and the economies in general
dealerdear
- 03 Sep 2008 16:16
- 2665 of 3050
Down 10% so far and collapsing
cynic
- 03 Sep 2008 16:30
- 2666 of 3050
if you look at the ADRs, that will tell you why
HARRYCAT
- 03 Sep 2008 16:49
- 2667 of 3050
Good for the shorters. Hlyeo will be chuffed.
And good for us guys waiting to get back in for the upward cycle. 340p ?
What's an ADR, Guv?
cynic
- 03 Sep 2008 17:01
- 2668 of 3050
ADRs are what are quoted in NY ... ticker there is SOL
hlyeo98
- 03 Sep 2008 18:11
- 2669 of 3050
Finally, the graph shows my way.
ptholden
- 03 Sep 2008 19:30
- 2670 of 3050
It's called a chart Doh!
And I guess if you wait long enough you might eventually be proven correct. Pity it went up 12-15% first though!