Member Info for k7pws

I have messed up too. I almost sold in the high 250"s but didn't. Same with cfm, was going to sell at 7.5. Why didn't I is a matter of cognitive dissonance. However I topped up at 120 this morning on these so I hope to get something from them today. Good luck

These will open around 110-115 tomorrow, Drastic fall. Its on the bad news perhaps of solar CELL manufacturer J A Solar who were 15% down on expectations on most things. So all solar shares have been hit. I REPEAT, there is no news about SOL (renesola) Here is an extract copied from the page on Bloomberg telling of shares who have experienced unusual drops today: JA Solar Holdings Co. ADRs (JASO US) slid the most since shares began trading in February 2007, tumbling 29 percent to $2.38. The Chinese solar-cell manufacturer posted third-quarter earnings that excluding some items that missed the average analyst estimate by 15 percent. Other solar stocks also fell. Yingli Green Energy Holding Co. ADRs (YGE US) slipped 22 percent to $4.18. LDK Solar Co. ADRs (LDK US) declined 22 percent to $13.12. Energy Conversion Devices Inc. (ENER US) lost 20 percent to $25.92. SunPower Corp. (SPWRB US) sank 22 percent to $19.15. Renesola Ltd. ADRs (SOL US) slumped 42 percent to $3.47. 3.47 /2/ 1.53= 113.4 p. Hence the forecast opening.

What are you on about? Can't find any results anywhere. However we are at the mercy of the US at the moment. Solar stocks have dropped dramatically there today.; Nov. 12 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 11:50 a.m. in New York. THe list includes sola or sol as they call it. This is not sola specific. Just another madness.

Yes, the US marked these up 22% yesterday. So will open up. Will they stay up is a wild guess.

Been a long termer on these but sold out 6 months ago. Looked over your posts which now seem from a different world. Its still falling and I am still holding off the trigger but cannot see myself passing by this one very much longer! Good luck

An increase in shorters yesterday, yet the price recovered in US after a sharp fall to close to its opening price. Maybe beginning to look too risky for further shorting. With the strengthening dollar the virtually inevitable rise will probably be even more dramatic for us than usual! Had the dollar not risen we would be at 330 now and yesterday seen close to sub 300.

These are at an all time low. Its not good for the sector generally so maybe I should have waited but at 13.3p to buy, the temptation to buy a few got too much!

2.78million shares shorted at open yesterday. I wonder what today will bring. The tighter the coil the greater the energy on release!

closed up a bit in US and with conversion rate today it will open mon at 4.36

The offering at 1.5p is going to hang over these. The market knows many of those who buy will offload at a profit which will be anything over 1.6p or so and the share price will be depressed. It doesn't matter if they ought to be 31p, or anywhere inbetween, they are most likely to stay in the doldrums till this offering is completed and we get rid of the sellers. Even good news will be not be adequatey reflected in the share price till then. Either hold patiently and be ready for what could be a rough ride or wait till it settles before making your move.IMHO

Resource drilling results again on the positive vein! One day this will translate to cash.

As Philex only held a marginal majority of shares; 50.18%, any option rights taken up could change this precarious balance. Since the sp has been higher than the offer price since the last deadline and announcement passed it is quite possible that no further shares have fallen into Philex hands. Today over 300,000 shares were issued in respect of options granted to employees of Forum. My calculations indicate Philex now has 49.42% of the share capital. Does this make the offer conditional again? If Philex were to buy shares in the market they would have to pay above the offer price which would mean they would have to pay that price to everyone so its a difficult one for them. Anyone have any thoughts or expectations of what might happen next?

The service contract is hopefully to be announced as signed this week. What timing for a takeover! The unconditional offer has been extended to 10 September so there is no point accepting this week or even this month. The shares are trading above the offer price because of the imminent expected news. This could be a very exciting week or a wet squib. Personally I am holding for this news. Absolutely a no lose situation to hold despite the Philex URGING to accept. Of course they want acceptance ASAP, but thats not in our interests. IMHO.

50p now paid for these shares, so 50p is now the minimum offer in the bid. I am holding my 35k of these! This is looking more interesting today. They are liquid again to sell as well as buy.

Another good set of results. If this is true to its trend there will be a steady rise throughout today.

Just in case anyone isn't aware of the full story; FEC Resources Inc., a Calgary-based company controlled by Philex Petroleum, owns 29.8 percent of Forum Energy. Philex Petroleum and FEC will be acting ``in concert'' in the offer, Philex Petroleum said. Thus Philex already controls 29.8% and after adding 13.9% now has 43.7%. Under the rules of mandatory take overs they must pay everyone 48p, the same as they paid sey, or if a higher bidder comes in or shares are bought and sold at a higher price during the TO period they are obliged to match that price. So unless FEP can announce some positive news which will take the price above 48p, we are likely to be stuck with it. Shame, but thats how it works as far as my limited understanding goes. Certainly worth holding because there is around a 15% premium over the current price to be had. In this market such a guarantee is worth holding out for, and who knows what surprise this may throw. Nothing to loose by holding. Definitely a gain.

suitably sharp drop today. I wonder if we will get below 300? I think 360 or so might be a good start.

48p is too cheap

I don't see they had any choice but to wait till after the suspension to announce this. I would have done exactly the same thing.

just until treatment of loans in accounts are decided. When results published, they will be back to trade.