Member Info for Davius

'Tis true, I exited in May at 776p plus the Blinkx shares. Prior to today that was the correct decision. I see that todays rise is due to the placing of new shares at 735p to help to fund the purchase of ZANTAZ, a US software company. Yet another demonstration of how a placing should be used and can result in an increase in share price (we had the same from Tanfield last week) rather than the usual deal of raising money to keep a company going. I'm not tempted here though, I rarely buy in after a hefty rise, I'm much more a fan of recovery stocks for short term punts (such as CART), or gradual risers for long term holds (TAN and SOLA spring to mind).

I've cast a glance at SMC from time to time since exiting in April. The shares have continued to slide, another fall this morning seemingly caused by a reduced holding announcement. With the shares below 30p I ran a trial buy and was offered then at 28.3p, but let the timer lapse without buying. Since then we've had 10 buys in a row and the SP has recovered, with the quote now 28.25-30.2p. Perhaps this is finally the bottom for SMC, which remains "the second largest architectural group in the UK by some considerable margin." The current market cap is a lowly £14.39m, turnover this year likely to be over three times that. The issue is profitability, and ongoing measures should rein in costs moving them back into profits shortly. The trading update in June was fairly upbeat but the shares have remained subdued since. I'd be tempted to put a small amount in here for a longer term recovery, perhaps it would be a good place for the profits from CART...

Impossible to say. I'm happy with my decision to close at 285p, I perhaps might have left the profit in to take advantage a little if they move back above 300p, I would have had 376 shares riding, but my switch into SOLA looks to have been ok so far. If you discount the larger buys at 260p and below, level 2 is now showing 21K buys against 48K sells, so indicating downward pressure. But it's only an indicator, the share price could be 20p either way in an hour or two. I think it's sensible to set a target and stick to it, I've lost profits on several occassions by getting greedy. When the bid dropped below 258p earlier today I suspect most people would have settled for 278p, but now it's at that level the tendency is to hang on to see if it goes higher. Successful traders are those banking profits, not losses. If I miss a further rise then so be it, but I won't be nursing a loss come close today either. Good luck the rest of you. (277-279p now at 3-2)

I took a punt on Bae on the 26th at 404.96p and it has been struggling ever since. I'd thought that the furore over the US investigations would blow over and they'd recover quickly, but it didn't happen. Yesterday they announced a new US contract with good potential and the share price has moved ahead a little today. But 410p is proving a barrier, whenever it gets close sellers arrive and it falls back again. We're currently having another push at it, I'm hopeful that breaking this resistance might see a more concerted recovery. I'm due to close my position shortly though...

Level 2 showing 3-2 at 274.5-276.75, buy vol 228K, sell vol 36K but the figures are distorted as the larger buy volume kicks in at 260p and below (200K of those buys). That shows heavy buying support at 260p but not much above presently. No clear direction I'd say, could leap, dive or stay the same. Happy to have banked a decent profit on this one.

I did think about another small punt at 265p but couldn't trade, the system kept erroring so I suspect the MMs weren't looking to sell at that level. Now higher though, 276.75-277.75p as I type. I think I'll walk away from the share at this point, very easy to get drawn back in and caught out, and besides, I've stuck that account credit into SOLA this morning at 529p...

The slide seems to have halted at a 265p offer price, with the bid fluctuating between 257.75p and 264.25p. Level 2 showing buy volume now ahead of sell volume by 10K shars or so, so maybe a rise coming...

The trading update today shows SOLA was behind on its target production for the quarter. The markets took this poorly and marked down the price, but the company also says it does expect to meet targets for 2007, and the loss in production was caused by a shutdown for upgrades to make larger wafers. I think that the lower price has provided another opportunity and I've bought in again today at 329p. LONDON (Thomson Financial) - ReneSola Ltd said its second-quarter production output rose to about 23 Mega Watts, but fell short of the 25 MW it had planned due to modification work on some of its monocrystalline furnaces. The silicon wafer maker's production output in the first quarter was 15.3 MW. The modifications were made so ReneSola could make larger wafers. The cost of the modifications was not significant, but the furnaces had to be shut down, the company explained in a statement. ReneSola also said it is on track to implement its 2007 capacity expansion.

Decided to bail, out at 285p. Good luck everyone. Didn't leave the profits in as it was coming off 288p and didn't have the time to work out the amount.

I used TD Waterhouse, they've had problems over the last couple of weeks with their ISP though, and the service has been down a bit, including for 4 hours or so today, which can be a pain. Costs are good, £11.95 per transaction. The ProQuote service I use streams level 2 straight to my screens. I have two large TFTs, one for work and the other with live pricing and trades. I find level 2 very useful for short term trading, occassionally you can get a blip on the share price when a buy order hits the screen, it happened to me on AMT a while ago, made an extra few pence a share. Also this upgraded services uses more brokers so typically the spread is a bit tighter. You do need to be in front of the screens though so it isn't for everyone. It costs me £25 a quarter as I trade quite regulary, you need 75 trades a quarter to get that price I think. The 20 day account isn't run by all brokers on all accounts, you'll probably find a T10 is offered generally. But sometimes I find it very useful. They can charge a premium on a T20 although the share I've used it most on, TAN, has the same price on a T10 or T20. I couldn't get a quote for CART on a T20 though, which means paying whatever price they ask (risky) so just have a T10 here. I don't expect to be in for long in any case, a rise tomorrow will probably see me exit, perhaps leaving any profit in for the ride. Hope this helps.

Nothing wrong with that, £500 of free shares and you get to stay in for any further recovery. Have done the same time after time with Tanfield, now my entire holding is made up of free shares, and that's a lot of money (for me anyway). My 342 shares in SOLA is entirely retained profit as well. I think it's worth doing for CART as they are still very low, might consider the same myself tomorrow if we break 300p, and thus share in any sustained recovery over the coming months. A 2.4% yield dividend helps too.

Because they are traded on SETS the share price shows whatever buys and sells are left on the system, currently the highest price buy is 279p and the lowest priced sell is 283.5p, implying 279-283.5p close. But it's more accurate to look at the last trades before the close, as it isn't possible to tell how many of those buys and sells will be cancelled before trade resumes (or how many more will be added). Good press coverage in the morning might see a lot more buys at a higher price. Of course, the opposite is also possible, but I think the comments from the chairman will be picked up by the papers and this might be viewed as good for a quick recovery punt in the morning. Maybe.

279.5-279.75p at the close. The morning press should make interesting reading.

It does seem that the overdone fall can be in no small way attributable to worries over a possible rights issue. Great to hear that the Chairman has categorically denied this and that should provide the impetus for more of a sustained recovery in the share price. The level of debt would put me off the company as a longer term hold though, and I suspect I'll exit earlier than many. But I think it is worth holding on overnight to see what take the press has on the fall, another 20p+ on the share price tomorrow is not an unrealistic expectation in my view. Now 279-280p as we head towards the close.

Well, from past experience I stopped going in too heavy on these recovery stocks, buying a bit lighter first time in and then topping up (or getting out) as the price moved up or down. I think the recovery has got a bit further to go so have taken a second buy at 258.74p. Looking great now though, with the price up to 280-280.75p.

Concensus forecasts had them as making £23m this year, £32m next year and £39m in 2009. The profit warning now indicates £15.5m this year and perhaps £18m next. EPS would therefore be 25p this year and nearly 30p next. This explains the hefty fall, but also suggests that it has clearly been overdone and 300p would offer a forward P/E of 10 and a more appropriate rating. Current SP now showing at 259-259.75p.

Level 2 is changing every few seconds. Now 1-1 at 252.25-254.75p, buy vol of 254K and sell vol of 196K so not sure if the recovery has halted just yet.

No doubt out of date as soon as I post, but level 2 now 3-2 at 254.25-257p. Ho hum, out of date even before hitting post lol. 4-1 at 254.5-257.5p..

Friggin TD Waterhouse has been down for hours, was watching CART and thought about a dabble at 260p but couldn't trade. When TDW finally came back up I managed a punt at 239.99p but since then have been away from the screens. I see we've just hit auction pricing as the buys have passed the sells on SETS, buys at 255p sells at 253p. Looks quite good for the share price, it could be those purchases at 260p will not show a loss for much longer. No particular target but I think a quick profit is preferable to being tied in to yet another recovery stock. 267p would be 10% after costs, which would do me just fine...

My guess would be that when the suggestion of a delisting was announced the shares were hit by shorters, and they buying today was caused by shorters closing. Plenty of selling too though, with the rise offering the chance to exit at a smaller loss for many no doubt. SP heading south again from 19p or so, invest at your peril unless you have impeccable timing...