#1
Posted 08 March 2016 - 08:42 PM
#2
Posted 07 March 2016 - 09:37 PM
Sent from my SM-P601 using Sharenet Sharechat mobile app
Greed, Fear, ..... Patience!!
*** Please do own research ***
#3
Posted 09 February 2016 - 04:39 PM
Kumba squeezing the shorts eh? Up 18% already.
Breathing a lot easier now.....Another R1 to the downside will cover costs & break even
Anyone need a heads up...!
#4
Posted 04 February 2016 - 10:10 AM
US services (banks, retail, healthcare) is slumping so looks like everyone is expecting QE4. Risk-on following data that likely indicated the only thing that could have kept the scales in balance (US economy) is also losing steam. My 2nd year in the market and I've already discarded all my economy text books.
#5
Posted 03 February 2016 - 06:19 PM
#6
Posted 03 February 2016 - 06:14 PM
#7
Posted 03 February 2016 - 03:51 PM
So apparently all the custodians have run out of Kumba script for short, which means the amount of funds/investors out there that went short is on the maximum limit (and no one can add to their short positions now). Question is who is pushing the share??
#8
Posted 02 February 2016 - 03:32 PM
Okay so Kumba says earnings plunge by 96% (which is worse than expected) and then the share rallies 17% from that point onward. Who is out there buying? Everything else is jumping over the cliff but Kumba opened the parachute and then the a gust of wind took it into the clouds. +60% since the low 2 weeks ago.
#9
Posted 25 January 2016 - 04:39 PM
China cutting steel production should be interesting. Wonder how big an effect this will have on Kumba since companies like Macsteel have been moving more towards cheap Chinese imports.
#10
Posted 22 January 2016 - 02:46 PM
Kumba squeezing the shorts eh? Up 18% already.
I'm short. It did the exact same thing in December when like now, nothing has changed and demand for iron is still low. Bounce is temporary, fall is imminent.
#11
Posted 22 January 2016 - 01:58 PM
Kumba squeezing the shorts eh? Up 18% already.
#12
Posted 11 November 2015 - 10:17 AM
Personally I wouldn't do that. Take a punt long that is.
Look at their results just released they're skirting break-even. What's gonna happen when their mega sister Minas Rio starts ramping up production....?
Iron Ore spot still gonna drop to around $40 ish a ton & stay for couple months there. Objective clearly stated by Rio Tinto CEO forced closures on higher cost producers. Look further down this thread & you'll get what I've been posting for months now.... Short any bounce....
Make that couple years now...
Anyone need a heads up...!
#13
Posted 11 November 2015 - 09:58 AM
#14
Posted 10 November 2015 - 05:46 PM
#15
Posted 10 November 2015 - 05:27 PM
I think you can still make money by shorting this thing down to nothing lol.
Impala also seems to suffer the same fate
#16
Posted 30 October 2015 - 12:35 PM
Soutie, you been calling this short for ever, since over R200 if I recall? R u still short, you must of made bombs off this one, kudos!!
Yip have done extremely well out of it....gave some back down at these levels.....new territory an all...But yeah looking to get back in short on today's spike....watching closely you could say....
Cheers.
Anyone need a heads up...!
#17
Posted 30 October 2015 - 11:46 AM
Personally I wouldn't do that. Take a punt long that is.
Look at their results just released they're skirting break-even. What's gonna happen when their mega sister Minas Rio starts ramping up production....?
Iron Ore spot still gonna drop to around $40 ish a ton & stay for couple months there. Objective clearly stated by Rio Tinto CEO forced closures on higher cost producers. Look further down this thread & you'll get what I've been posting for months now.... Short any bounce....
Soutie, you been calling this short for ever, since over R200 if I recall? R u still short, you must of made bombs off this one, kudos!!
#18
Posted 30 October 2015 - 08:47 AM
Over 3 years this has to be one of the worst performing shares
#19
Posted 30 October 2015 - 08:42 AM
any ideas on how much lower this is going to go?
This could easily go to zero with current commodity prices. Company not worth anything at the moment.
#20
Posted 30 October 2015 - 07:19 AM
any ideas on how much lower this is going to go?