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

Slipped back to just under 4% ($6.01) however, over half a million ADRs traded pre market, equivalent to the UK's volume today thus far.

After the failure to make a higher high last week, SOLA uncrossed at 187.75 to achieve exactly that. Hopefully the resistance at 180-185 can now become support. Stop Loss being moved up all the time to lock in profits.

US SOL maintained today's (and exceeded slightly) the UK gains. Next target 240p, see what happens next week.

HARRYCAT - 17 Jul 2009 21:31 - 2926 of 2940
So it would seem that your post #2917 containing the hedging words 'suggest, possibly, may, ideally & assuming' has proved to be somewhat off target along with our posts predicting the UK SOLA (not SOL) price would likely drop below the 140p support level? Nice to know that we are all mere mortals! ;o)

Seems I wasn't off target at all Harry, just needed a little more patience.

I thought it might be interesting to look back over the 3-year chart, posted below. It seems the recent 240p was a clear break through the 208p support level of years 2007 and 2008 - this would now be the resistance level [PTH?]. The peak of 2008 is over 700p - so plenty of scope yet, though no doubt this will continue to be a roller-coaster ride (also known as a 'lose-your-lunch' ride: just make sure it's not your shirt you lose!).

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Toya, agreed.

Whilst accepting the SP is in an uptrend and the inherent volatility associated with this stock I will be watching very carefuly today, especially US SOL to decide if I am going to close my position. Currently sitting on a 35% profit and would rather bank that than watch it disappear.

Two scenarios as always, assume the run is about to run out of steam and a retracement is due, probably only as far as the trendline or it does the 'SOLA thing' and goes vertical.

Hope you've banked your profit PTH - you can always hop back in when the sp has pulled back a bit.

Err, unfortunately not Toya :(

I had to go out and decided to let it run. SOL got a bit of a slapping early on in the US but is currently making something of an intra-day recovery.

Not only that, but I missed my short entry on CSR which would now be showing a small profit. Tomorrow will tell if that would have been a good idea or not (H1 results).

Grrrrrrrrrrrrr

Should have said WAS making an intra-day recovery in the US

Well let's hope it'll soon go up again for you pth - not like you to take your eye off the ball!

Ah there lies the problem, strictly speaking I didn't, it was another ball I was watching, to be precise a golf ball!!

Hope you at least won your match to make it all worthwhile :)

I reckon SOLA won't fall very far before it comes back up - possibly down to 140p at worst but more likely not that far? If I were to put in a Buy order at that level then you can be sure it won't reach it for a long time!

If it goes down as far as 140p it's broken down through trendline support so I certainly wouldn't advise buying at that level, more like 160p IMO.

Big swing on small volume this morning (163/178). Not really going anywhere at the moment, which is disappointing as I was hoping to have a regular flutter over the summer. Other stocks looking more lucrative.

if you want a flutter, which will include your heart, have a look at RIO

Big swing is merely indicative of low volumes on the book. One SETs trade can move the Sp out of all proportion to the actual daily trend.

the chart is now starting to look interesting with pretty good support at 135/140 = not far from where we are now ...... may well be a bob or two to be made

Should benefit from rising crude also story in FT today re solars

I closed out in the 170s, trendline support is now broken and wouldn't touch it with a bargepole at the moment. I'm only sorry I didn't take profits at 200p.

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