ptholden
- 06 Sep 2008 18:10
- 2693 of 3050
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.
cynic
- 06 Sep 2008 18:14
- 2694 of 3050
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!
required field
- 07 Sep 2008 11:39
- 2695 of 3050
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 !.
HARRYCAT
- 07 Sep 2008 12:30
- 2696 of 3050
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.
cynic
- 08 Sep 2008 08:49
- 2697 of 3050
worth watching this one today with a potential view of buying ahead of NY open
HARRYCAT
- 08 Sep 2008 08:53
- 2698 of 3050
Good point.
Too early yet to take a any notice, but DOW futures currently +222 !
cynic
- 08 Sep 2008 08:57
- 2699 of 3050
banked half my Dow profits .... spread on SOLA is currently 10p which is nuts ..... may get on to market to see if i can deal well inside
ptholden
- 08 Sep 2008 08:59
- 2700 of 3050
Fow whatever reason, support in the 400p region has held, at least for now :)
cynic
- 08 Sep 2008 09:05
- 2701 of 3050
morning guv .... was merely thinking of a quick trade
hlyeo98
- 08 Sep 2008 18:03
- 2702 of 3050
SOLA in my opinion won't hold out for long
HARRYCAT
- 08 Sep 2008 19:01
- 2703 of 3050
SOL U.S. didn't bounce up as expected. Currently down 4%.
Interesting to see if SOLA follows tues.
cynic
- 08 Sep 2008 19:51
- 2704 of 3050
inevitably so
dealerdear
- 09 Sep 2008 15:11
- 2705 of 3050
Did you say you went long on this Cynic?
cynic
- 09 Sep 2008 15:39
- 2706 of 3050
yes, but cut
Toya
- 09 Sep 2008 15:43
- 2707 of 3050
Hmm - fallen below 400p: may after all retrench to 360p?
dealerdear
- 09 Sep 2008 15:44
- 2708 of 3050
or back to 220p!
cynic
- 09 Sep 2008 15:53
- 2709 of 3050
but the stock cannot be shorted either in london or ny
HARRYCAT
- 09 Sep 2008 15:56
- 2710 of 3050
Well that ain't gonna please hlyeo then!
hlyeo98
- 09 Sep 2008 16:17
- 2711 of 3050
I have already shorted from 500p. Great day!
cynic
- 09 Sep 2008 16:26
- 2712 of 3050
did you really? ...... not sure how as market has been closed for shorting for a lot longer than just today