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

MACD is now into positive terrority, together with the another positive gain despite the general market trend today. The charts still shows very bullish trend at the moment another good soild volume as well and looks like it will reach and go beyond 600p by end of Thursday and may even test the peak on Friday. The RSI up 4% for today with 20p rise, still within non-overbought terrority. No reason to short just yet.

Think that's what I said re shorting, no argument from me ;)

Lot of TA analysis going off here at the moment but lets face it come next monday it will be all about fundies.

Once resistance was broken at 500p, it really had to go up and R88 (Eddie) is right re the MACD, but it can soon change. Charts (TA) tends to be a self-fullfilling prophecy GF so don't discount them totally, there's rationale behind the madness. But I think you're right for the moment, it's all about the fundies now.

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.