Member Info for HeadForTheHills

One the 26th China introduced an incentive for solar energy http://www.renewableenergyworld.com/rea/news/article/2009/03/china-announces-new-solar-incentives This has single handedly put a rocket up a number of Solar stocks, especially those with exposure to China. SIT unfortunately still isn't budging, partly due to a concentration on the US market and partly because the shares are a pain in the proverbial to buy. Not quite sure what's happened with their debt or an update around that.

Indices are playing funny games at the moment but i'm inclined to the short side..

Chaps any idea when the hearing date is set for the lawsuit?

Further downside due to being demoted out of the FTSE 250 effective 23rd March, a number of tracker funds have to dump their shares and will continue to do so. Will have to see if it hols the 130p area that has formed support recently or further still. This is somewhat a longer term play now, at least till an econimic recovery starts and the demand for diamonds picks up. With unemployment set to peak later this year/next year it really might be some time! But this will be a very good recovery play.

Obama speaking (4pm i believe) about pushing green energies including Solar energy. The stock has taken of in the US and world wide http://blogs.barrons.com/techtraderdaily/2009/03/26/chinese-solar-stocks-rocket-higher-on-stimulus-hopes/

If people are spreadbetting then this may be a good one to try. Open a bet at these levels with GSL 1-2pts away. Takeover is on then in the money and it does look like this may be the case. The previous failed bids failed partly due to the previous chairman refusing to sell. Should the T/O fail again then you have a 1-2pts loss. 7pts gain vs 2pt loss. Back to this, there were a number of bidders last time round. Should the others still be lurking in the wings and also come in then this could well push further.

Stan played as expected, hit 1000 and bounced off. Need to wait for the US and see what teydecide.. not looking pretty currently. We did say as much.

Looks like i forgot to post this, photoshop experts are free to critique and call foul:) http://img.skitch.com/20090319-gu5fxj3je1tn3trbw2ua1w4ayt.jpg Outside of charts Stan is a little hard to call, best positioned bank provided Asia/China isn't sucked into the recession/depression. If the markets are heading for another downleg Stan should follow but not really sure at what levels, will it retest 650!? In any case Stan looks like this today http://img.skitch.com/20090319-p7tqm137eqy8ujt7e62t12u9mc.jpg Still need a lot of work.. STAN almost at 1000

As charged for buying the dip this morning and selling on close... Was looking to hold if the close was going to be 800+ (bullish for me) but the way the US market looked and handy look at L2 cashed meant it was too risky.. Wasn't the morning drop today due to going ex-divi rather than anythng market related as HK and Asia in general were up.

Usual case of the MM taking the chunk of the movement before opening, have to say a good spot though especially with that kind of divi. Catch you on SIT/REH board for the renewable energies. Still not bought into either since last year as they will be a long term play. The spread on SIT has finally come down to something realistic at least.

Noted, I believe it's next week when the option to take up the RI expires which is where i'm looking at. Always waiting at times.

Aafter the Chinese holiday market mix up last time i'll spend a bit more time on the Mexico angle. Have to say i stick primarily to UK and US commodities/indices and the odd flutter in the Nikkei if there has been a large move in the US. As for the downside to this, it's reaching the point for me where the risk of dipping under 10p levels doesn't outweigh the move upwards. Bottom picking if you will, you never truly know until you're well out of it by that time it may well be too late.

There is indeed a chance for it to go below 10p, I'm just a little skeptical of such a move. Never say never in these markets though and folly to anyone who does.

Interesting to note this is trading at an equivalent of 40p or so in old money, more or less the price this fell to on the day of the RI news. L2 is largely redundant for this though there are a number of large orders sitting on the books, any heads up would be appreciated ME. It does look like we've settled around this price over the last few days and i'm somewhat skeptical of a sub 10p price.

The rally in both CKSN and XTA on teh day of the news was unexpected, i was lucky enough to close a short on XTA by watching CKSN rally 50% (at the time) from the opening price on that day. The movement upward didn't make sense but for once it was better to follow. This recent movement downward was more expected for once. Another RNS adding to the recent downtrend here. http://www.digitallook.com/news/rns/2625329-10151/CKSN-Holding(s)_in_Company.html Not too far off some form of stability here

Actually i went the other way on these the morning of the announcements, coupled with the see-saw dow the movement on this became exaggerated. Still dependant on the direction of those over the pond in the short term but longer term prospects are good.

There was an RNS released yesterday about a short position opened on this and a comments elsewhere that this may be shorted to the 10p RI value. Well it looks like this is happening as we speak. http://www.digitallook.com/news/rns/2617562-10151/CKSN-Disclosure_of_Short_Position.html ME - been a while coming this but has started to play as expected especially with the RNS released. My only concern is with the SP, will this have a psychological effect and be treated as others surrounding it. It shouldn't do especially for who they are but you never can tell with this sort of market.

If you sold them on Friday you should not be eligible, it looks like the broker hasn't got the books updated. You needed to hold them until the markets closed. Probable electronic mishap.

Likewise i'm waiting for this to settle and will be looking to go in again. Since the RI announcement CKSN has been rather strong, even when all others have been falling around it. The cash call looks like it paid of this time.

Today is the first day the new shares are trading, even though final payment of the new RI isn't complete. Been surprising to watch in some ways. At the current price the shares have are starting to trade higher than yesterdays close, but you must take your full RI quota in order to benefit. Best to check again with your broker if you are concerned.