Member Info for dasv

I thought I'd join you here too. What the hell. £5k on SVS, 429p, £5k MXP 89p, £2k WNG Turned over a new leaf - stops on them all.

I suspect this has been a very heavy shorting attack in synchronisation with the dark cloud of the FTSE falling from 6700 to 5800 odd in the space of 4 weeks. In 12 months I doubt very much that people will value SOLA at less than today's sp.

hundreds of panicking PI's running for the doors and the institutions are sitting back and watching them run for the door. No doubt when the time is right the big boys will waltz in and pick these up for a song. in the meantime there are 6 brokers with Buy or Add ratings for this company:- Detailed Broker Forecasts 2007 2008 Date Rec Pre-tax EPS DPS Pre-tax EPS DPS Oriel Securities 16/08/2007 BUY 81.0 45.4 17.0 86.0 49.1 18.0 Panmure Gordon 16/08/2007 BUY 80.0 39.1 18.4 85.7 41.4 21.1 Arbuthnot Securities 13/08/2007 BUY 81.5 45.0 19.2 85.8 49.1 22.1 ABN AMRO 06/08/2007 ADD 81.0 45.3 18.0 85.0 47.3 20.0 Numis Securities Ltd 04/07/2007 BUY 79.8 42.2 18.5 85.0 44.9 21.0 Charles Stanley Securities 09/05/2007 BUY 80.0 44.5 18.0

it is my understanding that SOLA are not aware of any reason for the downward share price movement. What is happening for definite is that SOLA is being shorted heavily and this no doubt scares investors in such volatile times. I have set a stop on my trade and hope the shorters and frightened PI's don't push the sp to hit it. There is also a rather stupid campaign to deramp all chinese stocks on AIM on the basis that made in China is synonymous with dodgy quality. This of course is nonsense. The same thing happened when the Japanese moved into the motorbike and car industries. People believed it for a short time and to their cost. Remember China has stated that it is aggressively pursuing alternative energy in the next decade (in the domestic market - that means solar panels).

Hi guyss, I saw your posts on advfn Davius and agreed with your reasoning. Am watching with interest. I also note MXP has continued its fall today. It will bounce at some point. JSP down 30% but I am not tempted.

"The fundamental buyers are coming back into the market, and typically trading in the last half hour of the day is where the smart institutional money is going," said Jack Albino, chief investment officer at Harris Private Bank. "There's a feeling that maybe we've pushed it too far, and this gives us a running start for positive markets worldwide on Friday." Still, while the market has seen big gains over the past few weeks, those gains quickly evaporated the next day. According to preliminary calculations, the Dow fell 15.69, or 0.12 percent, to 12,845.78.

NEW YORK (AP) - Wall Street pulled off a dramatic late-session turnaround to close mixed Thursday after bargain hunters lured by weeks of massive declines came back to the stock market. The Dow Jones industrials, down more than 340 points in afternoon trading, ended the day with a loss of just 13. The market appeared to be on an almost relentless downward spiral after problems at Countrywide Financial Corp. confirmed investors' fears that credit problems are spreading. Moreover, for much of the day, investors shrugged off the Federal Reserve's injection of $17 billion into the banking system. The revival showed that investors want to turn stocks around. The market clawed back with a bounce in blue chip stocks, with a leadership role going to the downtrodden financial sector. But in spite of the big comeback, Wall Street is still an uncertain place, having been pounded by weeks of losses including triple-digit slides in the Dow. All three of the market's big indexes reached levels Thursday where they were down 10 percent from their mid-July highs -- the definition of a stock market correction. "The fundamental buyers are coming back into the market, and typically trading in the last half hour of the day is where the smart institutional money is going," said Jack Albino, chief investment officer at Harris Private Bank. "There's a feeling that maybe we've pushed it too far, and this gives us a running start for positive markets worldwide on Fr

that's the unwinding of the carry trade in high yielding currencies. Yen is soaring.

I concur GedW. Unfortunately market sentiment weighs against Nickel with the price of Nickel falling 50% from the peak. For some reason investors seem to think that companies like ENK, TMC, LND, RMLA and RGM are now virtually economically unviable even though the current Nickel price is still pretty high and demand has not fallen from China - which is embarking on massive infrastructure projects requiring Nickel. ENK has the bonus of plenty of cash in the bank which makes it even more attractive.

I have gone in at 309p (couldn't get better unfort). Fortune favours the brave. Then again never catch a falling knife ;)

no doubt there is plenty of money to be made in the current conditions provided you have titanium balls, but for me it is not clear this is the end of the fall as it seems my speculation that the exodus is being exaggerated by margin calls seems to be accurate:- "People are selling good stocks for bad, selling liquid assets because they can," said Justin Urquhart Stewart at 7 Investment Management. "The key questions are what levels of margin calls people are facing and whether the carry trade will snap with the rise in the yen and the dramatic falls in local currencies." "The effects from U.S. credit on global markets remains consistent with a textbook case unravelling of financial contagion over a week after central banks intervened to normalise conditions," wrote Lena Komileva, an economist at Tullett Prebon.

hi leed, yes too early to buy. Not a good day to sell though. I can understand why banks and hedge funds should be taking punishment for the sub-prime debacle, but the sector wide exodus is irrational. However the market is a madman who reacts without thinking.

I think they already have a summer sale price tag, but I also am biding my time though SOLA is high on my buy list. A lot of shares getting slammed for no good reason, but am already rather too exposed to this irrational stampede for the door.

the PI's are bailing but the pro's are buying:- Investment bank Merrill Lynch's August survey of global fund managers, taken between August 2 and 9, also showed fund managers saw the stock market sell-off as a buying opportunity and remained confident about robust economic fundamentals. The poll, which surveyed 181 fund managers managing a total of $599 billion (301 billion pounds), is one of the most timely snapshots of fund managers' activity during a sharp fall in risky assets, triggered by concerns about liquidity and deteriorating credit markets stemming from troubled U.S. subprime mortgages. "People have become more risk averse. What's surprising is that there doesn't appear to be a major change in their views on stocks. People still see value in equities relative to bonds and they see it almost as a buying opportunity," said David Bowers, consultant to Merrill's poll. "People think this is a credit or financial event but they are not positioned for a spillover to the macro backdrop."

some pics of Waigeo and surrounding area:- http://travels.patrik.com/ra/

Bit upset about this. The surrounding area (Raja Ampat islands) has probably the finest diving in the world. It has amazing bio-diversity, pristine coral and is extremely beautiful. It's my favourite diving spot and I'll be going back there this Nov on a liveaboard from Papua to Ambon via Banda. Waigeo has rainforest too - birds of paradise etc. However I guess laterite mining is just a scrape and ship operation so it shouldn't end up like Bougaineville, poisoned by leeching chemicals. For $100k I'd personally try and get the dive boats to club together to stop the mine - (and the logging while they are at it!) just to preserve the area for diving.

sold out of TAN last week at 150 and looking for an entry point again. 142 now as I write. Savills up 11% I agree with you rthak. At the moment the market is ignoring fundamentals and trading purely on sentiment. The unprecedented intervention of central banks to bail out those banks hit by subprie bets gone wrong reflects that liquidity will be maintained at all costs. Interesting how financial institutions are "subsidised" by the EU whereas government aid of distressed companies in other sectors is illegal. I guess if they let the market fall for every credit crunch then nobody would want to expose themselves to the stock market at all.

FTSE now down at 6050. That's 200 points and 3.51% down IEC fallen back 7%. Panic selling has gripped the market.

(cheers leedskier) Unfortunately it seems the US market interpreted the ECB's move as proof of how serious the credit problem is. From Thomson financial:- "The announcement by the French bank raised the spectre of a widening impact of the credit market problems in the US, and a move by the European Central Bank to provide more cash to money markets intensified Wall Street's angst. Although the bank's loan of more than 130 bln usd in overnight funds to banks at a low rate of 4 pct was intended to calm investors, Wall Street saw it as confirmation of the credit markets' problems." From what I have read on this matter, a credit crunch is still unlikely as banks will have covered their loans with liquidity. Those that screwed up with investing in CDO's will get bailed out by the central banks. On top of that I would have thought that even subprime loans are secured loans and that auctioning all repossessed houses, although will result in a drop in US house prices, should recover some liquidity for the banks and lenders. It's the investors in CDO oriented funds who are getting really stung. With respect to IEC, the sp has weathered the storm well today and held on above 1000 so far. Long may that continue.

IKB in germany also fell victim to the subprime lending crisis. My point in the previous post is that if banks can bail each other out - and that includes the Fed and ECB (european central bank) then there won't be a credit squeeze for companies and individuals. In other words the bad debt will be covered by central (government banks) and there will still be a credit market servicing businesses and individuals. The news that the ECB is stepping in is therefore positive.