Dep. from these levels it can go either way. Has potential to violently reverse IMO. Problably down to the 70s. I dont enter trades these days if its not a sure thing. Go long on desparation and short the euphoria.
I agree with platsak the primary trend on SBK since Nov 2007 is down good resistance at 8200 if it goes thru that then maybe mid 80's but i would say that a good short at 8200. There is also no volume supporting todays move.
Dep. Mainly in cash. I also nible at quality shares when they are on yearly lows. Set buying orders for a month. You will be surprised to see that some orders actually go through. Know its not optimal, but it at least works for me. At least I am making a bit of money without losing any.
Damn i hope it does go down hey, the price shot way past my stop loss, now iv lost 25% of my capital! :-( :-( i think ill cancel the stop loss, and be patient, the charts do show a potential downturn, i hate being in this position. Any advice? cos my exit strategy (which i finally set and which i was gonna stick to) is busted!