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

You can here....

http://www.independent.co.uk/news/business/news/ban-on-shorting-financial-stocks-sends-betting-soaring-941482.html

Any of you guys thinking of going long on SOLA soon?
If memory serves me right, 220p is the absolute bottom so far, so am getting ready for the 'Up' cycle.

SOLA ADRs are currently quite strong (+83), but i think you will find the intraday low was 200 or even a bit lower

Gone long today.

Tight stop? If news from U.S. is bad, this will drop further.

I don't think the news from the US will be bad, well now worse than it has been so far. Volatility rules. There may be some mileage in going long at the moment, but I really have no confidence in this chart now. I'm not sure what time scale those MAs are, but I'm assuming 200, 50, 25 (or thereabouts). If that green 'un dips beneath the black 'un you have the so called Death Cross. Now I know my pal Cynic will pop up and tell me it's all a load of cobblers (crosses, wedges, pennants, flags and whatever elses) but the Death Cross is a pretty damn good harbinger of gloom (bit of a mixed metphor there). personally I wouldn't take a position until that little matter resolves itself. If it crosses down, short away. IMHO naturally.

PTH, 90% of people who expressed an opinion, said that the $700bn vote would get through first time. I hate to think how many people went long on the DOW that afternoon in anticipation! I stand by my comment....."If the news etc..".

only do death crosses at easter!

btw, i think the correct term is dead cross, but quite happy to be flexible in my terminology come "carpentry time" ...... anyway, just remember the warning from the centurion - "Drop that cross once more and you're out of the procession!"

Looks to be a good TA case for buying here (dare I say it).

Both lagging and trending indicators pointing to a move upwards.

Im watching very carefully this afternoon and may BUY.

Not as volatile as it once was this stock.

I reckon with more stock in the hands of the market that the beta is now progressing to that more in line with the general market.

Bought in short term.

Pre-Market: 11.69 +0.46 (+4.10%) - Oct 2, 5:29AM EDT

So we've got a death cross versus lagging & trending indicators!
Hmmmmm......might go & buy a Fortune Cookie to shed some light on this!

he he, nice one HC.

Harry, Cynic was right, should have been a 'Dead Cross' - apologies.

You swallowed a TA book then GF?

Summat like that PTH, he he.

Truth be known i started out 28 years ago investing purely by charts. Different world now with it all being online.

Seem to be revisiting my youth now that ive just retired at 51.

Thumbs up anyway on this one.

gf
like it
island reversals, dead crosses, wedges, and all the other stuff.
seems candles have now taken over.
same gravty different meat as they say.
regards
jkd

re my above post.
should it be the other way around?
spelling mistake also.
regards
jkd

gravity, meat and candles seem odd bedfellows ..... meat and potatoes and gravy i could understand!

Anybody dare to buy SOLA now???

don't dare buy anything, seriously oversold as the indices now look