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

You don't need a long memory, yer daft sod, look at the posts above :))

Sat right on your 510p support line PTH.

Indeedy gf, will have to take a look at the chart jobbie after the close and see what sort of trendlines its fallen through again. From memory the shorter term uptrend has gone, but then it fell through that not long ago before recovering a bit.

splinters in the sphincter giving you probs m8 .... lol!!!

In fact about to test 508p which represents the 38.2% Fibonacci level. If it breaks here, 476p is the 23.6% level.

Just to quantify that comment, naturally of course the MM's are aware of these levels so whatever your view they'll look to test these levels too. For info Sola has almost been a text book example of trading within the Fibonacci levels since the beginning of the year.

We may hold here, but stronger support at 477p. We're repeating the end March picture, where this level failed. Will be interesting to see volume picking up and the direction then.

Quite a few AT trades going off.

Should be interesting tomorrow morning.

i picked 460 because that is where sp hits (rising) 200 dma, but 477 would do me fine

" For info Sola has almost been a text book example of trading within the Fibonacci levels since the beginning of the year."

If so, why haven't you used this wonderful knowledge and been making some dough, instead of forever harping on about 588p being the key point to short.?

GF .... nobody knows where this is going until after the GM.

By the way, how is your CART long going.?

Well I have kito (why haven't you?). I'm the first to admit I didn't sell at the all time highs so far but not far below. Then I shorted in April about 555 to 475 lows. Then went long up to 555 again and now short (since roughly the same time)... and the history is all here should you wish to check. So I've made dough, more than you on this one as I've been fortunate to profit from the ranges. At some point I'll probably choose to turn bullish again.

Kito, maybe you're confusing me with GF there actually?? But he looks to have a different strategy to me in wanting higher levels for bond impact.

O/T Football season soon chaps just 18 days to go- going down going down going down, going down going down going down, GOOOOOOOOOOOOOOing Doooooown GOOOOOOOOOOOOOOOOing Dooooooown.

Greyhound .... i think you and i have traded this stock in very similar fashions

You're right, interesting few days now. Think I need a beer after all these exchanges today.

cynic - 24 Jul 2007 15:29 - 173 of 182
PT ..... SOLA may now be worth a revisit, though my view is that it will now head south, perhaps down to +/-460. ENDS.

Cynic have you still the short open that you took out a few weeks back?.

yes i do .... at 530

SOLA Update

At the close the SP is sitting right on SP support at 510p. Big question is will it bounce again?

What is clear is that the trend support from April this year has been broken. There is only one rising trend line left now and that is drawn from admission, if that goes SOLA is into a whole new phase. Immediate support is obviously at 510p, then 490p from the trendline (depending on when it gets there - if it does), 480p, then the 200MA and then 440p. Immediate resistance is provided by the rising trendline it has just fallen through and the downtrend from the all time high. Any short positions should have a stop in the region of 550p.

pth

would not disagree at all with your analysis ...... is it not noticeable how quiet that sarcastic Aleyne has become

Cynic, could you please refraim from winding Aleyne and others up on this thread.

Greyhound, apologies to you. Why haven't I. ?... I have,.... I sold at 560p, 540, and 518p. Made 22k in all. Still have a trading tranche, but I don't follow the charts. Maybe I should mate......but have never quite mastered them.

No worries Kito, nothing taken personally!