Today's CFD Call

My guess those KIO longs have a chance to reduce your position at these levels.

Very heavy volumes to move around R300 lots of stops including mine sitting thereabouts.

Sorry the chart didn't attach. Let me try again.......................

Time for a Discovery chart.......!!!! This one is building up lots of steam. I have been long since R99 (The day before results released last week) So far, so good it has been making new highs almost each day since it closed above R100 for the first time. I have a small target of R111 over the next few days...after which I will look for a pull back. 130 is a possible TP in the medium term   #happytrading

Time for a Discovery chart.......!!!! This one is building up lots of steam. I have been long since R99 (The day before results released last week) So far, so good it has been making new highs almost each day since it closed above R100 for the first time. I have a small target of R111 over the next few days...after which I will look for a pull back. 130 is a possible TP in the medium term #happytrading

What do you guys think about Firstrand and their results being out tomorrow? Surely a 21-23% increase in HEPS does not justify the stock rallying by over 33.5% in the past six months.

nice one! excellent trade and big kudo's man you've made some very good calls on this forum

thanks Delta   I'll be trading WHL (and its NPL's) all week. Let's hope they all go as well as my first call 

My calculations last week:

Closing share price on 28th August 2014 : 7906c

Rights offer was declared on the 29th.

Offering 22 rights for every 100 held at 5950c.

WHL should trade at (5950*0.22+7906*1)/1.22 = 7553.29c when it goes ex-rights.

I would say fair value for WHL is at 7600c if not slightly more

Edited by yusufm1, 08 September 2014 - 10:03 AM.

Ex-rights as of today

thanks

short WHL at open at any price above 7900(hopefully)....

nice one! excellent trade and big kudo's man you've made some very good calls on this forum

took it at 7695c

closed 7470. Think we are fairly priced now

shf..killing weak short stops..cha-ching!

whats the reason for that drop?

Ex-rights as of today

took it at 7695c

whats the reason for that drop?

short WHL at open at any price above 7900(hopefully)....

took it at 7695c

short WHL at open at any price above 7900(hopefully)....

Edited by yusufm1, 08 September 2014 - 08:48 AM.

Added more KIO shorts

S, u reading the market very well !!!

Well done...Just short the weakest stocks...They have no bottoms!!

Ari has joined the weak stock company!!

Edited by HDB, 06 September 2014 - 09:10 AM.

I got burned by a short on IMP, because the share suddenly decided to jump 4% the day I put on the short. Today, I see the price broke below 8900... I hate the markets.

The mighty Impi has made many a good trader cry!!

I called it from R235 to R125 about a year or 2  ago. .

Never imagined R90.00

If the Ukraine situation does not improve, might see R60 very soon!!

Put a very small short on IMP.
Been watching price action most of the day & concluded the Algo guys smell blood.

I got burned by a short on IMP, because the share suddenly decided to jump 4% the day I put on the short. Today, I see the price broke below 8900... I hate the markets.

Put a very  small short on IMP.

Been watching price action most of the day & concluded the Algo guys smell blood.

I got burned by a short on IMP, because the share suddenly decided to jump 4% the day I put on the short. Today, I see the price broke below 8900... I hate the markets.

Put a very  small short on IMP.

Been watching price action most of the day & concluded the Algo guys smell blood.