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

looks like a lot of solar companys being hit hard SF. Always felt there was too much froth on top of them compared to EPS.

Will be interesting to see how the DOW fairs this afternoon.

good luck mate.

The SP at 394p is sat bang on on the trendline support, in fact you could argue that it has broken down but is probably too close to call. In favour of the short tack, the RSI support IS broken which would indicate further to fall, however as spitfire points out today is clearly not a good day for the markets and possibly a bounce expected tomorrow if we see an overall recovery. I certainly wouldn't open a new short position here, but if already short set a trailing stop to lock in any profit.

Thanks PTH

I will go short but will wait for a bounce first.

If it bounces off this trendline it may well continue to bounce, although there is downtrend resistance at about 450 (from memory), could be the place to short if it turns back there. Seems there's a chance it will be trapped between sup and res, have to rely on indicators and volume then to hazard a guess which way to go.

This one is heading for 3 solar companies are being downgraded in the US and europe. Not much point in buying solar panels if there isn't any sun!!

i shorted this morning, as much as a tiny mitigating hedge against any other disaster, though i also agree with GF that sp is supported merely by smoke and mirrors

at least i got this one right!

I took profit yesterday but not shorting this time - at least not yet. The reason being is that I wouldn't be surprised to see some sort of global coordination on interest rates. In such an event the markets could go crazy the other way. Cash is king.

shall prob put in a trailing stop, though i cannot see much upside to SOLA

well done cynic, timing impeccable.

a blind pig will find an acorn occasionally

I think G/Fs pig found the truffle then.

Have to think of buying again soon with today's moves.

took a nice little profit at 352 as next direction totally unpredictable

opened a new short here a day or two back ..... interesting to see that the market seems to concur that SOLA is heading south as in a sea almost uniquely blue, SOLA is red

Closed out at 360 the other day, more due to being on business and away from the computer than market actions.

Interesting to read PTH and all TAers your thoughts on the medium term support.

Cyners might be right about sola going against the market ie, red but looking across the pond there seems to be a big bull raid coming this afternoon so im staying neutral for the moment.

if you think about Dow roared ahead last night and FTSE was then up 200+ on the back of it, yet SOLA dropped - i.e. if you still think SOLA is intrinsically a short, then sp unlikely to rise back through 400 with any impetus

Good point cyners.

Dont forget though they are due to release production updates any day now.

Is the stock being supressed by the delay?. and for what reason the delay?.

Im just going to watch for the first hour or two.

they did on 23rd!

LOL. Better late reading the news, than not knowing anything at all I suppose.

Shall we all get on the same page chaps.?