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

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

432p at close. This will dive no doubt following US markets.

415p now...it's been very quiet here.

arguably worth buying for a bounce ..... always assuming there is one!

How low will it go before it can be traded long I wonder. Could be now or is it going to continue to retrace?

you can trade long whenever you like (lol!), but keep an eye on ADRs and/oir trade those instead on the hope that NY will bounce during the day

I expect it to break through the 200 DMA, so am prepared to watch for the moment. Dangerous buying now & hoping for a bounce. Where's pth when you need him? ;o)

farting around in the hot sunshine in M/E!

Hi chaps, back from 3 months hols this next monday.

Opened a short in sola at 486p so not doing so bad.

Cyners can you believe it i opened a long in it aswel during the summer and made a few bob profit. In and out from now on for me.

Sees ya all monday.

Suggest you change your profile then otherwise we won't know what to believe!

Have done HC.

SOLA will open stronger in London on Monday as Wall Street recovered and closed with at least a modest gain ...... FTSE indications at NY close were for an opening on Monday of +80, though of course this will probably change over the w/e, though not necessarily for the worse ...... this takes me back to the point i have made a few times about switching between London SOLA and NY SOL (Sola ADRs)

Harry, catching falling knives springs to mind! I should say that the biggest losses are made by getting in too early (as are the biggest profits) I've read somewhere that the safe money is by waiting for confirmation of a trend and trading the middle third.

There should certainly be significant support at the 400p level, not only from the obvious longer term uptrend support, but there is also a less obvious downtrend which intersects in the same area. In other words this is quite a crucial area for the short to medium SP movement. I can't really see much in the indicators to suggest a reversal, but then it isn't always (if ever) clear cut. It does appear that the latest fall is linked with lower than average volume which suggests that the fall is nervous sellers bailing out in a generally falling market rather than holders abandoning SOLA with company performance concerns. I would agree with Cynic, if the markets recover so will SOLA, so it's all down to determing the overall sentiment.

however, beware of getting suckered by a bounce, or put another way, stay watchful and nimble, as it is unlikely to be long-lived - something at which i am total crap!

The market is just terrible at the moment.....my portfolio is a sea of red....but I'm going to have to sit through it all and hopefully come out the other end intact....sold many stocks but made the mistake of not selling everything....hoping for a rebound soon !.

Depends on whether you held on to stocks which still pay a divi.
I still hold BG. & BLT which are both showing red, but at least they will generate an income, so selling everything isn't necessarily the best solution.