35854 replies to this topic

[Shortboy]

yes, i understand your play on alsi..my brother employs similar strategy only diff is market(ASX),,,has worked very well for him and i believe still is last time we chatted.

 

re: on being a long run winner, thank you for those kind words but truth be told "luck" has had a lot to do with it

Statically, there is no such thing as luck. Well done Delta!

[Shortboy]

Hey GymBaby, Still long?

[Shortboy]

yes, i understand your play on alsi..my brother employs similar strategy only diff is market(ASX),,,has worked very well for him and i believe still is last time we chatted.

 

re: on being a long run winner, thank you for those kind words but truth be told "luck" has had a lot to do with it

The only guy I ever heard say making a profit regularly on ALSI40 by "luck" was Randall Stevens, and he didn't believe it at all. In his case, Luck, didn't come into the equation at all. Your profits are a direct result of the 90% of losers entering this business Delta.....one day they will also profit from other people.

[delta66]

yes, i understand your play on alsi..my brother employs similar strategy only diff is market(ASX),,,has worked very well for him and i believe still is last time we chatted.

 

re: on being a long run winner, thank you for those kind words but truth be told "luck" has had a lot to do with it

[Shortboy]

have no long term position on alsi..i'm pure day trader with occasional overnight holds

 

 

don't panic..stick to your game plan regardless of noise.  listen to others but trade what you believe in.  you'll be fine shortboy ...hedging is a beautiful thing

Been watching your stuff Delta. You are a long run winner at this. In other words, you are no longer part of the 90% who lose money in this business.....good for you! The strategy I am now using involves days, and often weeks of holding a position. So, I guess its not a trade, I take a position, for or against.

[delta66]

have no long term position on alsi..i'm pure day trader with occasional overnight holds

 

 

don't panic..stick to your game plan regardless of noise.  listen to others but trade what you believe in.  you'll be fine shortboy ...hedging is a beautiful thing

[Shortboy]

dual listed could see T40 break much, much higher depending on ZAR weakness...all eyes on that currency rating impact

 

good luck guys

Hope not my man! I am now carrying a collective R16 a point across all my short positions. I don't employ stop losses, they cost too much money, especially in after hours trading.

[Shortboy]

Eyeing the China for evidence of cracks in the porcelain.

 

Eyeing the China for evidence of cracks in the porcelain.

I used to think you were strange V. Not any more. Everyone has a view. For me? Go long on the dips, take profits as they arise and build up your short position....slowly, and little bit, by little bit. Not really interested in Elliot Waves. If they worked, we would all be billionaires. Just saying, 

 

Have fun!

[delta66]

dual listed could see T40 break much, much higher depending on ZAR weakness...all eyes on that currency rating impact

 

good luck guys

Edited by delta66, 09 June 2014 - 09:07 PM.

[Vertebrae]

Eyeing the China for evidence of cracks in the porcelain.

[Shortboy]

Hey! Where is Bear Catcher these days? GymBaby? you still out there

[Shortboy]

Still holding those shorts and off loaded a long today to offset the losses I am carrying on those shorts. Also entered into another small short at 45158.

 

I guess the global search for yield is on again.

 

BIL still offering a dividend yield of 3.7%

SBK still offering a DY of 3.6%

SOL still offering 3.5%

OML still offering 4%

MTN still offering 5%

 

The PE's on most of the top 10 stocks in the ALSI40 are expensive but not yet sky high.

 

BIL 13 X

SAB 27X

CFR 22X

NPN 64X

MTN 17X

AGL 26X

BAT 21X

OML 16X

FSR 13X

SBK 13X

SOL 10X

 

Those 10 stocks make up at least 70% of the ALSI40 index weighting according to satrix.co.za

 

Not extended by any means.....unless a country risk bond downgrade happens....

 

 

 

[Vertebrae]

It used to be that the blowoff top is signalled by hitherto non-participanties declaring time to reverse up the lorry

I still tend to think that the market has no sexual preference and that It screws everything eventually.

[grantmu]

The only thing moving today is ABIL, and if this continues they will be a penny stock by the end of the month. 

well its moving now

[grantmu]

The only thing moving today is ABIL, and if this continues they will be a penny stock by the end of the month. 

[Plasma]

And there she turns ....just waited for me to make a statement and then to prove me wrong haha...

......, almost cut my loses there luckily I had no stop losses :-)

I was 9 pips away from my S/L.....

[Dabre]

And there she turns ....just waited for me to make a statement and then to prove me wrong haha...

****, almost cut my loses there luckily I had no stop losses :-)

[Plasma]

So hoped that it was not going to be one of those Monday moves....nice push up and then this gradual return to where we started. Well, the market don't care about what I hope for or not....do not let your hope overshadow what is actually happening....

And there she turns ....just waited for me to make a statement and then to prove me wrong haha...

[delta66]

SA credit currency ratings later in the week will liven things up for sure

Edited by delta66, 09 June 2014 - 02:52 PM.

[AJS]

Flippen no volatility at all. Looks like this is the new normal.