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

Back down to 350/360p now?

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 :)

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

Down 10% so far and collapsing

if you look at the ADRs, that will tell you why

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?

ADRs are what are quoted in NY ... ticker there is SOL

Finally, the graph shows my way.

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!

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.

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

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% :)

good morning Peter ..... will you still be in the Gulf in late October?

SOLA is starting a turn downwards again today.

And I will save my breath with pth. Obviously he can't read post 2628.

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.

you're not right harry ....... like myself, i think you will find PTH has made money in both directions here

Morning Guys: I reckon 200dma would make it around 400-410p but could go below that to 360p. If you look at the 12-month chart you'll see that 360 has been both support and resistance. However, I'm not brave enough to short it and will wait to see at which level it may bounce - not forgetting newsflow.

Others here are more knowledgeable about charts (I've just learned a bit from them) so I'd take note of what they say here!

Richard - should be back in the cold, wind swept UK by then which will be something of a relief temperature wise. I'll give you call - must sort out this golf match either at your 'place', mine or even both.

Hlyeo - Post 2633 is entirely relevant. Anyone can state a stock is going to go up or down with some certainty they will be right at vague point in the future. Timing is everything and on this occasion you were wrong yet again.

Harry, I'm entirely comfortable with shorting a stock, however, unlike Hlyeo I do attempt to offer targets for any opinions I make and the reasoning for doing so. If I'm wrong, I'm wrong end of. FWIW SOLA remains in an uptrend from March this year which may provide support at 400p, this is the area to watch if the SP continues to weaken. Obviously associate any change in sentiment with indicators, especially volume to determine if a long entry is appropriate.

I stand corrected.

PTH ....golf any time that suits .... weather here truly vile ..... blowing quite hard, tho not by natuical standards it's true, and regular prolonged and heavy rain.

with regards to SOLA, my guess is that there will be quite good support at 400, tho i'm not convinced that we are necessarily heading that low - i.e. i think the markets are preparing to bounce quite sharply, which will certainly be the case if sentiment starts to believe that the economies will begin recovering in 2009