7058 replies to this topic

[Zero Hedge]

Remember what can happen when tech stocks go...

Is that Up...or Down?

[davidp13]

More pain for NPN shareholders tomorrow...guess this is what a bear market in tech stocks looks like...the pain carries on and on and on...and on until there is total capitulation...we are not yet there I'm afraid.

Remember what can happen when tech stocks go...

[Zero Hedge]

Tech stocks taking yet another hammering, Tencent down 4.3%, twitter down 18%....<br /><br />

More pain for NPN shareholders tomorrow...guess this is what a bear market in tech stocks looks like...the pain carries on and on and on...and on until there is total capitulation...we are not yet there I'm afraid.

[McEdama]

Tech stocks taking yet another hammering, Tencent down 4.3%, twitter down 18%....<br /><br />

[Zero Hedge]

Apologies, you are correct by saying it is a "trading statement"....I just refer to it as a pre-trading statement as I don't know the details of the broader financial trading performance. This trading statement is just a guidance, once again which I refer to pre-trading statement....

No worries...but I was under the impression that all trading statements are mere guidance...some are just more specific than others. The one from MDC this afternoon was very specific so they will not release another trading statement..next time we hear from them is when they release their results. What you may be referring to is when a company release a statement to say that earnings will be up by more than 20% but they are not in a position to quantify the exact range just as yet...like CML the other day?

[Gspot]

well done...I also sold some late this afternoon...but was wondering can you please explain what a "pre-trading statement" is. I am only familiar with a "Trading statement"?

Apologies, you are correct by saying it is a "trading statement"....I just refer to it as a pre-trading statement as I don't know the details of the broader financial trading performance. This trading statement is just a guidance, once again which I refer to pre-trading statement....

[Zero Hedge]

So happy with my MDC 2000cfd trade....cost R71 and exited now (on pre-trading statement) of R76.    

well done...I also sold some late this afternoon...but was wondering can you please explain what a "pre-trading statement" is. I am only familiar with a "Trading statement"?

[Gspot]

So happy with my MDC 2000cfd trade....cost R71 and exited now (on pre-trading statement) of R76.       

[McEdama]

CML ticking up nicely, up +2.56%  today  ...

[Eagle7]

dip on RLO 3% coz PIC reduced holding. Is there more to this or is the sell of  over done

[Procrastinator]

I have shorted Imperial, short from 192.00,
39% of group profit contribution comes from automotive imports! cash cows being Hyundai and Kia sales, they have been hit by the rand as well as the credit squeeze on the consumer, bit of a perfect storm, the sales of these brands have been in free fall since late last year and will be missing budgets by a country mile.
Will be helped by overseas logistics ops but are taking a proper bath on local car sales volumes.
Mr Lamberti was a bit too bullish on picking up 70m of stock at ave of 183 since he joined, I'm not sure he realizes just how quickly things can turn bad in the automotive industry when there is a slowdown, dealership overheads in SA are a cash guzzler of note!, so we shall see, the results coming out in June/July will be quite a surprise I reckon.

[Godfather]

That's what I am hoping Ninja.

 

Got a short in on SHP at 172.

Also trying to build a short position in some of the shares that should fall the most.

 

 

[Ninja]

I know it's a distant memory but does anyone remember how strong Naspers was above R1300.... Wham Bam.... 25% down since.... Suddenly struggling to catch bid

[Ninja]

When the market corrects... All will sink,some quicker than others....
Shoprite, richemont, woolies..... All these darlings will go too...

[Hooligan]

Long CFR @104.30 for a scalp to 107 later this week.

Closed at 104.90 for nothing - it does not have the legs.

 

Closed FBR long at 108 from 100.42.

[Dust]

Noted in general that quite a few Directors of listed companies are selling...

[Godfather]

150% agree on SHF. I am looking at 52 as a great price to get in as that support level has been tested so many times and the PE will be even better at the level

[Zero Hedge]

What is your guys thoughts on SHF? - see well defined upward trending channel, but share price is currently on 50day MA (and support of this upward channel) at R54 level....

If it breaks I see it going to next support level of R52 (where I would be accumulating)......

Relative to overall market still on a PE of 11 at present.....so if market correct, don't see it falling as much. 

Your thinking is sound...I am not holding any but would love to get an opportunity to enter...and I am not the only one feeling like this...

[Gspot]

What is your guys thoughts on SHF? - see well defined upward trending channel, but share price is currently on 50day MA (and support of this upward channel) at R54 level....

If it breaks I see it going to next support level of R52 (where I would be accumulating)......

Relative to overall market still on a PE of 11 at present.....so if market correct, don't see it falling as much. 

[Gspot]

I understood what you were after...think most of the Retailers are vulnerable at current levels...add to that shares like SLM,INL,REM and even something like LHC (a favourite of the foreign investors). CFR could also suffer if the ZAR doesn't blow.

 

Like all those shares listed - currently shorting REM from R213 (run up close to R37 since Feb or 16%) - TP R200!