35854 replies to this topic

[CPvanWyk]

 

delta66

Posted Today, 05:37 PM

those shorts still in..don't despair ..never, ever close at loss...if hedged correctly you'll swing very decent profit

 

Thank, see now. I was stupid enough to take out wave with 46 000 barrier. Guess i will have to pray tonight. No more waves for me. Would be big big loss for me if it hits. If we have pullback and does not hit 46 000 i will offload.

[HDB]

OK here is how this scheme was orchestrated: Lets Call the people or person who did this Player A

 

First Player A sold off the rand after the market opened causing the pound to weaken:

Pound at 8.30am  was R17.8839. Player A took the pound as high as R18.03 during the day and it closes at R17.9816 at 5pm!!

 

Just with the currency adj. we had 190 points  added to alsi. Obviously for him to weaken the currency, he was prepared to lose money when he has to re buy it!! Well its all in the bigger grand scheme of things. If he takes the market up and his options hit strike at 80 some odd billion, he must have been prepared to loose a few million on the currency side... Look at the past history for last 12 trading days for pound. Every single day it opened at a high, went lower during the day and then closed at a high. So our markets also opened high, went right down and then recovered at close for yes the last 12 trading days!!   Today player decided he was going to play the MMs at there own game and juts took the pound higher and higher. If you look at after hours right now, its down to R17.94.

 

His second move and a good one at that...He did not play the Alsi...He went for the juggler and went for the underlying...and that too not local shares but overseas shares...SAB and NPN. Our MMs can control local shares but they cant control the dual listed ones.

SAB up a whooping 5.5%...for what reason was it up. Why suddenly jump? Yes the weak pound could support its price but at most 1%.

Player A buys the momentum driven foreign underlying knowing he can dispose of it quickly and maybe at a small loss once his options are cashed in....The increase in SAB on our bourse added 280 points to the index. 

Then Player A bought NPN up 4.02% today. Once again a popular stock not hard to offload once options cashed in. NPN rise today added 150 points to the index.

 

 

Grand total of 3 = 190 + 280 +150  = 620 points!!!

 

MMs were taken to task and could not fight the sudden increase in the underlying!!

 

 

Where was the overall world markets?

 

FTSE was red by over .5% at one time. Dow also opened red and no way SAB in london could have risen 5.5% unless their was a powerfull and concerted effort to push it up and up on a red day!! Dow is still red as i write this...

 

So in my opinion, the thugs met their matcg today and still licking their wounds, not to realize tht tomorrow will be more bloodshed for them. Futures rollover in over a weeks time, so if Player A was using the futures market he wanted to make sure he made money before they expired!! However i am pretty sure he was using call options!!

 

Where does this leave us in the forum? Well im sure those short  the lesson is.....

 

1. Think outside the box first especially those who went short today.

 

2. Make sure stop losses in place or you become another casualty of this game. Its called collateral damage. ( Every looks rosy for a short and the next minute your account is wiped out for no valid reason)

 

3. Do not try to catch the top. Guys have been doing in from 41000 thinking here it is,,,but this beast juts goes up and up.

 

 

PLease note: This is juts my theory of what happened today. I could be hopelessly on the wrong track but its for you to make up your own mind. 

[RusQ]

naaice price action today!

 

few counters i watch intraday, all had more volume on the pullbacks.

 

trade safe...

[farouk]

Volumes have doubled and that tells you some one buying our entire market@ any price.

Forgot to mention open interest droped by 6,500 contracts.

[Vertebrae]

If pullback iv happen within wave 5 what target are you looking at. Currently in short and want to get out. Any chance for 300 point drop?

 

Guidelines for (iv) are 38.2% of (iii)

If (iii) ends at close today it is ~1130 giving I guess 430 for (iv)

 

did you see delta66 post....

 

delta66

Posted Today, 05:37 PM

those shorts still in..don't despair ..never, ever close at loss...if hedged correctly you'll swing very decent profit

[HDB]

I'm looking forward to this, HDB. You've hit a number of predictions on the head!

 

K

 

Thanks K, i have always been transparent and to the point with my posts, yet i get a lot of uphill from some members. Maybe its because of my colour, religion or no nonsense attitude...some members juts cant handle it!! Well to them here is my middle finger!!

Edited by HDB, 10 June 2014 - 06:25 PM.

[HDB]

Volumes have doubled and that tells you some one buying our entire market@ any price.

There you go...My theory making sense then!! Thanks Farouk for the Head up!!

[delta66]

actually...over last few sessions more like staggered block purchases..drive up has been unseen by most

[farouk]

K i made a statement some time last week on this thread and with all due respect to" I told you so Lekkery" where i said i see some day soon the Alsi will go up 1000 points in one day!! The MMs were keeping this market down big time for the last 12 trading days. They were running scared. We all could see it. They were scared of that R80 b longs sitting some were higher up in call options!!

 

Well like i told u so, it was up not a 1000 but +-600 points.

 

THIS  WAS A REVERSE PROLONGED AND PLANNED ATTACK / ASSAULT ON THE MARKET MAKER BY SOME HEDGE FUND MANAGERS OR VERY BIG PLAYERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

I will show youll later what happened!!

 

PS..dont think the assault is over..Will only be over when those options get cashed in!!

Volumes have doubled and that tells you some one buying our entire market@ any price.

[AJS]

Hoop daai MM moere huil lang trane!!

 

Haha, goeies! "Almal se moere behalwe myne!"

[davidp13]

 
THIS  WAS A REVERSE PROLONGED AND PLANNED ATTACK / ASSAULT ON THE MARKET MAKER BY SOME HEDGE FUND MANAGERS OR VERY BIG PLAYERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

of course it was ..would like to say more but...erm!!! cant

Hoop daai MM moere huil lang trane!!

[delta66]

 

THIS  WAS A REVERSE PROLONGED AND PLANNED ATTACK / ASSAULT ON THE MARKET MAKER BY SOME HEDGE FUND MANAGERS OR VERY BIG PLAYERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

of course it was ..would like to say more but...erm!!! cant

[delta66]

those shorts still in..don't despair ..never, ever close at loss...if hedged correctly you'll swing very decent profit

[HDB]

I'm looking forward to this, HDB. You've hit a number of predictions on the head!

 

K

K i made a statement some time last week on this thread and with all due respect to" I told you so Lekkery" where i said i see some day soon the Alsi will go up 1000 points in one day!! The MMs were keeping this market down big time for the last 12 trading days. They were running scared. We all could see it. They were scared of that R80 b longs sitting some were higher up in call options!!

 

Well like i told u so, it was up not a 1000 but +-600 points.

 

THIS  WAS A REVERSE PROLONGED AND PLANNED ATTACK / ASSAULT ON THE MARKET MAKER BY SOME HEDGE FUND MANAGERS OR VERY BIG PLAYERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

I will show youll later what happened!!

 

PS..dont think the assault is over..Will only be over when those options get cashed in!!

Edited by HDB, 10 June 2014 - 05:31 PM.

[CPvanWyk]

If pullback iv happen within wave 5 what target are you looking at. Currently in short and want to get out. Any chance for 300 point drop?

 

[Vertebrae]

How do I love thee, Let me count the waves...

 

 

[K~~]

Delta i dont really think so!!

 

I had a quick look but will post details later this evening!!

I'm looking forward to this, HDB. You've hit a number of predictions on the head!

 

K

[AJS]

It is funny how one can get caught up in mass psychology so quickly. Feels like yesterday when we turned the new year into 2014 and everyone was buzzing with how the market is going to crash and burn in 2014.  

 

Since then I've been asking myself every week almost - what part of this up move is ascribed to new money flowing into the market and which part is due to shorts just having to cover. Lets face it - bears have a great deal in the green tide we've seen this year. This includes me as well.  Then, simultaneously, one also don't want to be the last one at the door and have it shut in your face.

 

I think the trick is to try and not let the "noise" cloud one's judgement. I've certainly been a victim of this.  And by noise I don't mean that all "the market is going to fall talk" is rubbish. Just the fact that everyone can fall into the "herd mentality" quite quickly.

Edited by AJS, 10 June 2014 - 05:21 PM.

[HDB]

this was a planned assault on bears..betcha none saw this coming, watch out for the bulls horns, they steel tipped and sharp as needles

Delta i dont really think so!!

 

I had a quick look but will post details later this evening!!

[bear catcher]

HDB trade your system and great for your profits BUT if this markets drop i hope your system will warn you in time. My short will make money ,it normally does when bulls get arrogant with their we cant lose attitude,normally what happens is the ego to big to sell the long with the hope of market turning around as it has done with this strong bull market.But the fall is gonna be bigger than you expect.Good luck and great that you in the pound seats atm just hope you can handle it when you loose. Lekkerry feel for you just think of it this way you not part of dumb money at this levels with so much negativity in our economy