7058 replies to this topic

[Gspot]

My excuse...I was bored and looking for action.    Usually losing trades come from this.
I checked the trend, pulled a few lines...saw the MACD looking down while price continues to fly.
FIB was telling me we should see a retrace to 36...well at least 38.
Figured, hey...someone has to start selling...don't know who in his right mind is going to take a hefty FSR long at 42+?
 
Ag en so gaan hy maar.

I also saw exactly what you saw, but then remembered my old school fee error, don't short a momentum stock which fsr is.
I got no hesitation in shorting banks on your theory of what the chart was telling you, but I would do that more on bga and Ned (more up and down, unlike far which is mostly straight up)........in fact I have been eyeing bga short today........but decided to wait for their results out on the 30th....
Just hold that short a bit longer if u can.....or hedge with 50% long.
Good luck...

[Rolycpt]

I was also in FSR short, but got out at 42.20..I agree the strength is ridiculous and when the banks start turning it will be the first on my list for a short! Cant wait

[delta66]

sorry to hear Hooligan..taken a beating from banks in the past so can relate.  here's hoping your next trade makes up for loss

best luck!

[Hooligan]

all, im no expert but why does anyone want to short banks at the moment?

My excuse...I was bored and looking for action.    Usually losing trades come from this.

I checked the trend, pulled a few lines...saw the MACD looking down while price continues to fly.

FIB was telling me we should see a retrace to 36...well at least 38.

Figured, hey...someone has to start selling...don't know who in his right mind is going to take a hefty FSR long at 42+?

 

Ag en so gaan hy maar.

Edited by Hooligan, 23 July 2014 - 03:19 PM.

[davidp13]

all, im no expert but why does anyone want to short banks at the moment?

[Hooligan]

In at R620 with 1000cfds and out at R633.50 within 4 days, so excuse me for taking profits within 4days (chickened out to hold to at least R640)!

 

Holding 10000cfds of SHF now............patience game!  TP R60

Nice, I also longed this from 54 the other day...when it hit 56 I placed a stop at 55 and it got hit.

 

Would love to enter here...but I need to keep cash for MTM as a result of the FSR rape.

[Gspot]

Long SOL, seems to have finally broken out of its falling wedge formation of R625.  Now for the tp of R640 in the short term.....

May hold out for results expected 2 Sept.....think they should be good (with a very decent dividend)!

In at R620 with 1000cfds and out at R633.50 within 4 days, so excuse me for taking profits within 4days (chickened out to hold to at least R640)!

 

Holding 10000cfds of SHF now............patience game!  TP R60

[Hooligan]

Does anybody have any news on the banks and specificly FSR why is it so strong. short of the stock but from a charting view overbought.

+1  I am burning this side, this short is brutalizing my account   

Are investors pricing in a monster year of earnings or what?

 

Heck, since Feb this thing has been going up in a straight line...not even a breather or consolidation to around 36 level.

[jaunwes]

Does anybody have any news on the banks and specificly FSR why is it so strong. short of the stock but from a charting view overbought.

[Gspot]

Long SOL, seems to have finally broken out of its falling wedge formation of R625.  Now for the tp of R640 in the short term.....

May hold out for results expected 2 Sept.....think they should be good (with a very decent dividend)!

[Hooligan]

Still hanging on to my FSR short - looking bleak I must say.

 

Got into VOD long at 124.80 yesterday - looking for about 134.

 

[McEdama]

PSG-KST dead cat from birth, total waste of time!!!

[Rookie16]

So word on the street is that Anglo will announce plans to sell their noncore assets, including plat mines. Cld a long on AMPLATS be a good idea?

[McEdama]

Can the pros give a view on kumba? How will the market react to the interim results, given the new information via sens?
Should we buy before(because the price will rise) or should we buy after results are released(as the market will overreact and cause the price will fall)?

Prompt replies are always appreciated!

 

Great question, also keen, anyone with an answer?

[vuilhond]

340 seems pretty solid support 4 kumba

[vuilhond]

Does anyone have a view of IVT? It reached a low of 106.00 earlier this week, but today seems to be improving. Will it recover to it's levels of 120.00+?

Stock trending down.price belowe 200 day ma.support  broken at 110.looks bearish to me.

[alsi_speculator]

Can the pros give a view on kumba? How will the market react to the interim results, given the new information via sens?
Should we buy before(because the price will rise) or should we buy after results are released(as the market will overreact and cause the price will fall)?

Prompt replies are always appreciated!

[Davidish]

Does anyone have a view of IVT? It reached a low of 106.00 earlier this week, but today seems to be improving. Will it recover to it's levels of 120.00+?

[vuilhond]

ya,sorry BTI

[loading.....]

Long Bat @ 642.upward trending channel.30 day support line. also at bottom of the upward channel acting as support.also big volume spike @ support@640.target at least 660+

BTI?