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

ptholden, I gather you use other rival website then?
Very strange ending on sp today, but thats volitality for you I suppose, a little breather was probably needed after considerable since last week. Confident it will mark up tomorrow.

R88

I have a look every now and then to see if one post out of a hundred actually says anything useful, recently - not.

Will be surprised if the march onwards and upwards does not continue tomorrow. I'm sticking with my conspriacy theory for the moment :)

pth

Pth referring to your post 900, have you seen this happen before on this or other shares? I'm still learning. How many brokers are there dealing for sola? is it affecting the order books?

R88

SOLA is a SETsMM stock, which means that anyone with DMA (Direct Market Access) can input orders directly into the Book, this includes MMs and Traders; a Trader using DMA essentially also becomes a MM in his/her own right.

The link below offers an excellent explanation by Gausie, if you follow the gist you can begin to understand how the price could be walked up.

Post 24

Thank pth most interesting. Obviously I would probably understand it better in action, however dont have level 2 format just yet, may consider it later when i get my profits!!! ;-)

By the way do you think they were trying shake off the shorts??

Who?

Pretty impressive recovery from todays lows, looking good for tomorrow ;-)

Yeah, very good. Growth in China is impressive.

does one dare mention the growth of China's inflation may go hand in hand with the growth in its GDP?

Exactly, why would that send the market down, when everyone knows China is booming. Ok, there is a risk of rise in interest, but there have already been three times or something. I think its just petty excuse. I cant see China slowing down that much, just about everything is made from there now even Burberry!

and even MG Rover.

Looking at the charts does anyone think a new support been formed earlier today around 525-530p ?

potentially yes, but with a raft of news out on Monday it's pretty meaningless in my opinion and the 400p level still concerns me. How rapid is the expansion, are the order still really flowing in at a pace? Are costs also accelerating and margins decreasing? All relative unknowns at this time.

Well considering the growth data given this week, personally I think Sola will have benefited alot out of it so far.

The important point you may have missed is, has sp got too far ahead of the game? - i.e. will results and trading update need to be truly stellar for current sp level to be maintained? ....... that is why i have been advocating caution for the last couple of weeks, for with so much hot money in this stock, anything less than stellar is likely to result in a sharp reversal, albeit that that may be temporary.

Fair point, would you think the charts would have indicated overbought sign if the sp was ahead of itself. The problem is from what I have read is the stockbrokers have raised the target price every now again. This probably is due to the fact this company keeps providing trading statements every quarter which can be a bullish sign.

here is the chart again ...... rsi is a fair bit higher than neutral and of course the moving averages are always just that! ..... that the company produces quarterly statements is certainly good PR but it does not override the observation i made in post 919





red = 25 dma
green = 50 dma

Sharewatch which has followed this from the outset mentioned an analyst (can't remember who) targeting 450p. You could argue we've had that tested already this month however you can't rule it out again.

all will be revealed next week ...... my own gut feeling is that results and announcement will be insufficient for sp to maintain upward momentum, so at least a short term drop or even slump ...... if that proves to be the case, it is possible that 450 will not only be tested, but will fail with next support at 400.

no, i am not predicting that WILL happen, but merely observing that it may

Does anyone see that the chart is showing a bit of a Pennant trend which pretty bullish indication. All quite before the storm as they put it.