The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

secruoser ..... you're a brave or very foolhardy chap to jump on board almost any stock let alone a mini-minnow like SER ..... if you are tempted to buy, take a look at TAN which is a decent and profitable company but has been bashed today despite a strong RNS

cynic,

Not if you know the stock very well and know the longer-term implications of last night's news, which is very significant indeed. I have added to my existing holding today because thanks to the general market conditions, the stock is priced far lower than it should have been!

MRP also released good news today. That and SER are 2 of the 3% of stocks blue today.

This is the best time to buy IMO when there is so much fear around.

good luck to you pal ..... SER is too small for CFD anyway; MRP i have not followed for ages and confess that i hold no (current) love for E&P companies without decent assets, which does not include pie-in-the-sky licences and similar

Gloom! also see traders thread

LONDON (Thomson Financial) - 13:39 16 8 07

.......................

According to spread bettors IG Index, the Dow Jones Industrial Average is expected to open down 125 points at 12,736. Separately, S&P 500 futures were off 17.80 points at 1,396.60 while Nasdaq 100 futures dropped 20.75 points to 1,857.75.

..............

IG currently indicating 12795 but very unstable

Long or short on the DOW ?? i'm expecting a bounce ,but ultimately another big sell off before tonights close.

i think a bounce too, but having allowed greed to burn my fingers yesterday, shall not put any real money on it

Nice big bounce (it has to turn positive) and i think it's worth a short.

QUE????? ....... a SHORT because you think market will bounce?????? ...... anyway, at the moment, Dow's vision is still south, so my notional call above would have cost me about 100 points so far

the magic number was 12760 but they have pushed thro so?

YES cynic a short!!! if it bounces first (which it hasn't),, like yesterday i shorted when it went positive and then it fell away nicely ,bloody scary ride though and it's not doing my heart any good.

to underline what i have posted a few times and been thoroughly castigated re selling mini-minnows, especially those based in China, in tough markets ......

today's moves
TAIH -2.25p = 10.59% volume = 212459 now 19p vs recent high 28p
WCC -23.5p = 11.27% volume = 131170 now 185p vs recent high 245p
SOLA -50.0p = 14.33% volume = 889400 now 300p vs recent high 450p

On average 10% down; generally in line with most others IMO

All thanks to the corrupt 'market-makers'.

Yes cynic ,but as the above poster says only down in line with the rest of the smallcaps ,,however i do agree the China shares would be the first to go if i was holding any ,luckily i held no shares at the start of the fall..

for f's sake! .... what is with these ****** who think MMs must be corrupt because they mark down prices? ...... 1) they are no more corrupt than any other business - 2) their aim is to balance their books - 3) they are in business to make a profit not run a charity

cynic,

1) Remove the insult.

2) What justification is there for marking down a small-cap with no institutional holders, with a lot more buying than selling?

3) Don't be so arrogant and you might not be so ignorant.

Reading this thread's as good as watching a re-run of a Morcombe and Wise show )-:

It'll be interesting to see what happens to the posters on this BB if we are entering a Bear market. I suspect that there are many who have only been trading during the Bull run - post dot.com boom. The turn there was scary and many couldn't get their heads round the drops. Lots of people who were pointing out that the tide had turned became heavily abused by those who refused to accept that their beloved 2/5/10/20 "baggers" were destined for the bin.

Having said that I'm hoping that it's a well needed correction rather than the real thing. It's the majority who suffer and only a few hardened campaigners actually cut and run - and wait until the dust settles rather than dip their toes in when there is a lull in the storm - and get hit again.

sorry for the doom monger post.

my original post stands whether you like it or not.
if you think they are corrupt, spend (waste) your time and get all the evidence and submit to SFO or take out a civil action.