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

Just having a little look at the chart; seems the latest rise has stalled once more on that long term downtrend. There's also a previous uptrend that is providing additional resistance, so on the face of it, would not appear that any further highs should be expected for the moment. I'm kinda thinking a retracement to the 400p level where it would meet support from the latest uptrend. However, SOLA is becoming very difficult to call and I don't think is the trader's dream that is has been for the last year. AIMHO DYOR etc etc

pth

Back in profit with my recent short.

Looks like a lot of traders closing down before the xmas and new year breaks.

i agree Peter ...... if retrace is only to 400, risk/reward does not make it a good punt for the moment

Yeah agree pt and everything volatile xmas week ... I'm out.

Have a good one all.

Happy xmas to you Dil and all the lads.

May it be a prosperous new year for all.

glad i am not short!

Follwoing today's rise it can clearly be seen that the SP has failed (for now) to penetrate the long term downtrend; it had a go but stumbled. What is also obvious is the decreasing volumes sustaining the latest rise; makes me somewhat suspicious that a breakout is not possible in the short term.

Even if it does get through I would expect a pull back to this resistance (where it will become support) so anyone brave enough to initiate a short position may have a get out claus (get it?). :))

Yep took a hit today PT and cyners but not closing.

The volume was nothing and was just the late xmas rally.

Will fall just as quickly as it went up.

you may be right, but Wall Street boomed and First Solar, already a star performer, put on another 4/5% ..... not exactly the same line, but certainly the same sector - be careful

Cheers cyners. On reflection this weekend it is getting a bit hot with this one, and I may close out at a loss. still Im well up in general with sola and im sure 2008 is going to be a real dog of a year for the company.

A rescue funding cant be that far away now.

Merry xmas and happy new year everyone.

Nice gains again, looks pretty robust for eeking higher to me.

see post 2085 ..... expect a strong support to form shortly at around 420 where 25+50+200 dma will coincide

Gradually back to the highs now I reckon here once we eventually break the 500p resistance.

I closed too early , looks like my inverse head and shoulders call panned out as predicted.

Never mind still caught part of it.

momentum certainly seems to be behind sp ..... GF - don't short at this time if you want to keep your shirt!

FIRST SOLAR
shame one can't do much sensible on MAM with US stocks ...... this really is a cracker and i recommened anyone who has an interest in this sector to have a very good look at this one, albeit that is a serious heavyweight - currently $272.00.

have not bought yet as was hoping for a couple of weak days for the stock, but just not happening pro tem


GOOGLE
even heavier than above, and needs no intro.
currently $700.00 and pretty volatile
good stock both for trading and long term

Cyners closed out as per my last post here 23/12/2007.

Still have it on the short watch list though. Its only speculators who are poofing it up. At sometime the fundies are going to catch it out and I dont think thats far away.

cheers mate.

Clearing the congestion zone now and heading back to the highs. Growth in China looks likely to slip in 2008 but will still be a driving force compared to the rest of the world.

sp now looking very healthy indeed with very good upward momentum.
not sure what will happen with world economies over the next year, but as i so often stress, the only important thing in share dealing is correctly calling whether a specific share will head north or south, the fundamentals often taking a poor second or even third place