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

31p down on the day. I as getting concerned I might have done the wrong thing in selling when I saw this morning's bounce, but not any more . . . .

Made a nice 130% profit for my Dad as well :o)

though apparently i was a total ass to sell, or so i have been told ...... said "friend" seems to have gone very quiet on that score, though i sincerely hope he (and others) have not been too badly scorched

Evil is shorting SOLA...beware!

Its got support at 480p if it goes through that we are looking at 4 quid.

GF .... actually about 468/470 ...... see my posts 747 and 735

Wish I could short and make some dosh on the way down too. However, have just released myself from the clutches of my employer and from 31 March will be able to trade whatever I please :o)

imo, it would be quite a brave move to short individual stocks as they have a nasty habiyt of doing the wrong thing, perhaps even more than indices ...... i am still sobbing about having taken my profit in SCHE (what a drip!)

I said from the 130's that SOLA would be a stock to trade up and down, and it has. I also questioned the future (not 2007) but 2008 onwards, in that would SOLA have lots of production capacity but potentially not many orders for 08 onwards.

Well, its looks like they can say goodbye to their customer Motech, at least in growth, if not some then perhaps all. Motech now setting up their own wafer plant in China. There is no barriers to entry, and with Motech pumping in 200m$ into a new facility in China, the future of wafers is perhaps ooking very diluted. Thats the trouble, the forecasts are concentrating on SOLA capacity, not on forward capacity in the market. Hey ho.....and for those who see any negative posts as a threat, I have not any position at present.


http://www.eetasia.com/ART_8800452727_480200_944ad750200702.HTM

Motech to build wafer fab in Kunshan

According to industry sources, Motech Industries Inc. will set up a silicon wafer fab plant in Kunshan, mainland China. Company executives reportedly announced that AE Polysilicon will supply the fab's polysilicon demand. Volume production of the new plant will begin in 2008.

Motech will list the Kunshan plant on China's Stock Exchange. Motech itself is currently listed on the Taiwan Stock Exchange.

Furthermore, the company recently approved the issuance of global depositary receipts, which will raise about $200 million. The amount will be used for acquiring raw materials and equipment.

Oh dear...can't imagine SOLA now 458p

not too surprisingly, SOLA has taken another beating this morning and has dropped through the 465/470 support level that i mentiond a few posts back ...... on the positive side rsi is looking singularly oversold.

if you are a gambler and have nothing left in your lower intestine, you may want to consider buying at this level on the basis that at least a technical bounce across all markets is now (over)due ...... i am not brave enough!

SOLA has gone through the support level and is still on the steep slope...I think SOLA will go down further to next support level at 400p.

cynic,

any fave stocks on your cynical list? Have learned a little with your suspicious and cautious nature.reckon its the most tried and trusted approach to stock picking and selling..

kind regards

f18

Thats what I was thinking, hlyeo.

Looks to be blind panic in this one.

If this drops through next support level at 400p, the one after that is down at 220p approx.

Forti .... in my opinion, do absolutely zilch until the markets show sustained calmness ..... one of my faves is undoubtedly PFC who have come in with cracking figures and forecast to day, yet the shares have dropped sharply ...... also, RTN whose figures come out tomorrow is also being unfairly lashed (as with many quality stocks) ..... both the above have threads and charts.

btw, gold bullion may be an interesting play as now down to $637 which ought to be a good support level ..... much of the fall is not only due to peeps liquidatying profitable positions, but also the sudden strength of $ ..... imo, this too is totally unwarranted ...... my suspicion is that it has something to do with carry trade positions being unwound (too complicated for me to understand properly! ...... however, if US is truly going into some kind of recession, then surely, while BoE may raise rates in the relatively near future, it becomes ever less likely in US

Carry trade positions being unwound are certainly exaggerating the falls.

Interesting to note the Bubble areas of the market, Chinese stocks, Uranium, small brokers are getting battered harder than others.

Going to take a while before confidence returns to Chinese companies were suspicions were already prevelant.

cynic

would you agree that if the FED were to reduce interest rates that this would be viewed by the markets as a policy of pre-emptive action against a possible recession or a sign of panic?

F18

guess so, but don't see that as likely to happen either .... however, my thoughts about $ strength being due to the unwinding of carry positions has been confirmed by our forex broker ...... as we always have excess $, we have just sold forward into early May @ 1.9250 or thereabouts ..... arguably premature, but as non-speculative, not fussed.

well you barve and hopefull lucky gamblers, Dow is bouncing sharply, though no one knows how far or for how long and SOLA has bounced (just) off the 465/470 resistance ...... pays yer money; takes yer choice

me? ..... long Dow since this morning; just bought bullion (perhaps $5.00 late), so not jumping in here