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

i think the wise would either have already taken at least some profit and would be resisting the tempation to buy more, at least until next week when the dust just may have settled

despite what some may thinkl, i post this 3 day chart purely because of the way sp has (re)acted during that time ...... plunge followed by slight recovery and/or apparent stability followed by further grimness.

while sp will not fall indefinitely, if this 50 dma provides no support, then next level is fairly minor at around 480 ...... below that, and one could (not will) see freefall to 400

Surely that would be relevant if only SOLA was falling? The whole market has taken a big hit, so on your logic every chart would be in a downturn and heading for it's own 50 dma.
Of course the final outcome may be as you predict, in which case I will eat humble pie.

Evil Knieval thinks SOLA will go down to 170p...dream on, Evil...be realistic.

Harry ..... i have re-read all my recent posts and note that i merely made observations about support levels ....... My advice re SOLA, especially s it is a Chinese-based stock is to remain very wary and cautious ...... while there has been a very minor recovery this morning, it would be rash to take this to imply that the massive fallout was a 2-day wonder ..... there could easily be more selling to come across the board

My thoughts exactly.

I thought I'd recover my fairly handy profits from SOLA and perhaps find a safer haven for them until China sorts itself out. Just thought I'd be better safe than sorry.

Having said that, one of my other Chinese stocks, GNG, is romping away - has doubled in a couple of weeks and up 15% or so today :o)

sorry guys, but the current chart and debacle say it all

have just updated the bigger chart (post 635) which indicates that next support below 50 dma and 500 mark is about 467.

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