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!
hlyeo98
- 03 Sep 2008 20:19
- 2671 of 3050
I called short at 500p (post 2628). I don't know how that would account for 12-15%. Your maths is certainly Labour's standard.
cynic
- 03 Sep 2008 20:47
- 2672 of 3050
meanwhile, ADRs are -86, which i think is about $0.40 better than at london close, so assuming that holds, SOLA will inevitably open higher in morning
ptholden
- 04 Sep 2008 06:07
- 2673 of 3050
hlyeo98 - 19 Aug 2008 11:32 - 2633 of 2672
Shorters are going to be right, I'm very confident about this...now 461p
Was the post I was referring to - from there up to 530p (ish) intraday, actually worse than 12-15% :)
cynic
- 04 Sep 2008 08:07
- 2674 of 3050
good morning Peter ..... will you still be in the Gulf in late October?
hlyeo98
- 04 Sep 2008 08:08
- 2675 of 3050
SOLA is starting a turn downwards again today.
And I will save my breath with pth. Obviously he can't read post 2628.
HARRYCAT
- 04 Sep 2008 08:34
- 2676 of 3050
Shouldn't worry about it. Don't think pth is comfortable with the principle of shorting.
What's your target, hlyeo? I need to know when to get back in for the 'Up' leg.
cynic
- 04 Sep 2008 08:36
- 2677 of 3050
you're not right harry ....... like myself, i think you will find PTH has made money in both directions here