Today's CFD Call

Stopped out on my KIO long this morning....

 

After yesterdays tussle at R460ish didn't expect we would see below R450...till post divi.

 

Also there's little volume to explain today's drop.

 

What I'm saying is.... I is confused....

Went long again on some decent buying volume @ R442

Based on my reasoning for my earlier long which was stopped out 

I is in the money but hey I is mighty confused now.

Again don't expect it below R450 till post divi

SHP moving down nicely.. Next target R140.00

Those who followed my retailers call well done. This is just the beginning of the decline. Much more to come and im doubling up shorts...

After Retailers, it will be the Banks turn for a fall!!

This who went long retailers ...Bite the bullet and feel the pain!

If WHL stays on course I'll sommer buy a Woolies swiss roll tonight!

Will also add if 70 breaks. 

Also shorted KIO again today.

Excellent (In Mr Burns voice from simpsons)

SL upped to lock in 10% profit, will add 3rd and final long once it breaks and holds 71.00.

waiting patiently for MND,NPN and OML to come down. 

Added more WHL at 69.25.

It needs to break that 70.00 mark today!

Will also add if 70 breaks. 

Also shorted KIO again today.

Accident on M1 this morning... Lets hope my Woolies doesn't take its queue from this! 

 

(This is good advertising though, stationary billboard until they can remove the truck!)

Added more WHL at 69.25.

It needs to break that 70.00 mark today!

Accident on M1 this morning... Lets hope my Woolies doesn't take its queue from this! 

(This is good advertising though, stationary billboard until they can remove the truck!)

Edited by AJS, 22 January 2014 - 07:10 AM.

Thanks. Most of what you mention is  already out there, hence my confusion.

I didn't know was your sister was married though...

Heh Heh! There's always at least 1 of those okes out there!

I guess its what markets are all about. Even at R445 KIO is expensive and just looking to retest R387....and possibly lower.

I'm in short on NPN @ R1175, stop on break of R 1200 target R1000, timeline end of feb

Good luck!

I'm in short on NPN @ R1175, stop on break of R 1200 target R1000, timeline end of feb

Good luck!

I'm in short on NPN @ R1175, stop on break of R 1200 target R1000, timeline end of feb

Hopped in short yesterday at 248 - may your call be the one!

Shooting star close on Friday the clue? Good call - in the money today.

My brother in law is in the iron ore mining business. KIO faces significant profitability problems for a while to come. The ore belt they are digging slopes down and narrows, which means that the depth and amount of overburden that has to be removed in order to get at the ore increases. They are spending big bucks on new and better equipment to try and get past this issue.Future profitability looks like it wont be anywhere near the levels achieved for last few years. Add to this KIO's inherent volatility could make this a really risky long as opposed to a less risky short sale on a rally.

 

At the moment KIO is being carried by a weak rand and a possible nice divi, not promising operational efficiencies as in the past, then add the recent China slowdown, its biggest customer, and maybe its not such a surprise to see price weakness.

 

Use it, lose it.

Thanks. Most of what you mention is  already out there, hence my confusion.

I didn't know was your sister was married though...

Anybody looking at AGL - short towards support at R230?

Hopped in short yesterday at 248 - may your call be the one!

Jip, long WHL early 68's. If APN can close and keep it above 256 it would have broken a downtrend (have been looking at it on the 1H chart). Still room to go long. Watching FSR also, very nice postive div there!

Yeah, if WHL goes back up past 70 I will double up to ride it to 74/75.

Cool Already in FSR, in @34 and then topped up at 33.10.

Stopped out on my KIO long this morning....

 

After yesterdays tussle at R460ish didn't expect we would see below R450...till post divi.

 

Also there's little volume to explain today's drop.

 

What I'm saying is.... I is confused....

My brother in law is in the iron ore mining business. KIO faces significant profitability problems for a while to come. The ore belt they are digging slopes down and narrows, which means that the depth and amount of overburden that has to be removed in order to get at the ore increases. They are spending big bucks on new and better equipment to try and get past this issue.Future profitability looks like it wont be anywhere near the levels achieved for last few years. Add to this KIO's inherent volatility could make this a really risky long as opposed to a less risky short sale on a rally.

At the moment KIO is being carried by a weak rand and a possible nice divi, not promising operational efficiencies as in the past, then add the recent China slowdown, its biggest customer, and maybe its not such a surprise to see price weakness.

Use it, lose it.

Stopped out on my KIO long this morning....

After yesterdays tussle at R460ish didn't expect we would see below R450...till post divi.

Also there's little volume to explain today's drop.

What I'm saying is.... I is confused....