7058 replies to this topic

[vuilhond]

Stop-loss would be a close below support @640

[vuilhond]

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+

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Edited by vuilhond, 17 July 2014 - 12:23 PM.

[Gspot]

my 2c on BGA

the daily candle from yesterday shows buyers willing to put money into this one - though volume was not that high

interest rate hikes usually helps banks

and GSpot you sometimes get those ones you should not short

I would say if price stays above 165 then up it is...

Appreciate all opinions.....(will just watch the movement a bit longer, esp until after tomorrow's decision which we all suggest is going to be a 50/50 call).

[davidp13]

my 2c on BGA

the daily candle from yesterday shows buyers willing to put money into this one - though volume was not that high

interest rate hikes usually helps banks

and GSpot you sometimes get those ones you should not short

I would say if price stays above 165 then up it is...

[Gspot]

My thoughts on it is that it has not fully been priced in as opinion is divided on whether it will be raised. Also banking profits in the USA are mainly due to an increase in retail client spending..by comparison in SA the retail market is suffering. Think the rally in banking is overdone. Just my opinion

 

Very good point Rolycpt......my opinion on BGA was that from the daily chart it appears to be a rising wedge and the share price trying to break higher (although it did make a new high), but all the indicators on stochastic, RSI, MACD says to me, negative divergence......plus BGA seems to be struggling today (whilst the other 3 banks are flying)......just looks a bit weak.  

[Rolycpt]

Du you not think the rate hike has been priced in? so if a hike not much reaction, but if no hike there will be a rally?

My thoughts on it is that it has not fully been priced in as opinion is divided on whether it will be raised. Also banking profits in the USA are mainly due to an increase in retail client spending..by comparison in SA the retail market is suffering. Think the rally in banking is overdone. Just my opinion

[Qbre77]

Has the rights offer not already materialised, hence the share price dropping significantly?

Anyway, totally agree that the gap needs to be filled.........but will be patient.

 

glad I waited on the BGA short.......still think we going to get an interest rate hike tomorrow, so wanna short this....

Noticed most shares (including banking shares up significantly).....suppose got to do with global bank's earning results...

Du you not think the rate hike has been priced in? so if a hike not much reaction, but if no hike there will be a rally?

[Gspot]

that gap also needs to get filled on shf. not sure when thats going to happen with the current rights offers. 

Has the rights offer not already materialised, hence the share price dropping significantly?

Anyway, totally agree that the gap needs to be filled.........but will be patient.

 

glad I waited on the BGA short.......still think we going to get an interest rate hike tomorrow, so wanna short this....

Noticed most shares (including banking shares up significantly).....suppose got to do with global bank's earning results...

[Rolycpt]

Hmm I see the squeeze is on.

Adding a bigger one, 42.62

I am also in FSR short. This is to much. Article on shift in income for banks on CNBC:

 

http://www.cnbc.com/id/101838510

[Hooligan]

added 42.10

Hmm I see the squeeze is on.

Adding a bigger one, 42.62

[Hooligan]

Short FSR at 41.50.

Starting to build a position on this one again.

added 42.10

[Investor1]

Went long SHF today at r54.40 with 4000cfds....holding for R56 short term target.
Watching Bga/Ned for a short - awaiting Thurs reserve bank interest rate decision.

that gap also needs to get filled on shf. not sure when thats going to happen with the current rights offers. 

[Gspot]

Went long SHF today at r54.40 with 4000cfds....holding for R56 short term target.
Watching Bga/Ned for a short - awaiting Thurs reserve bank interest rate decision.

[loading.....]

hmmmmm Exxaro at the end of a descending triangle. if it breaks 13470 then im in for a short 

[Hooligan]

Short FSR at 41.50.

Starting to build a position on this one again.

[delta66]

CML - five star

[alexander]

Should have held on to my IPL short longer exit it @ 190-00

[Qbre77]

Any views on APN? Bullish flag on daily chart?

Could be, it is also right on trendline and horizontal support

[Manjana]

Any views on APN? Bullish flag on daily chart?

[Gspot]

ABL on jet fuel...#@!$ me...if only was in

Totally agree, lost opportunity.....!!

Time to short it.....after this news?