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Today's CFD Call


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#2761 Godfather

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Posted 17 April 2014 - 02:53 PM

anyone see the flagpole on Aspen? Just gone back up to test the top of the flag.

Is thsi generally a good bull signal or should i wait until it ppushes thorugh on high volumes?


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#2762 Eagle7

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Posted 17 April 2014 - 01:50 PM

Closed CML long @ 97.95. Listening to advice. Had exceeded my 20% target run on CFD margin.
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#2763 Eagle7

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Posted 17 April 2014 - 01:41 PM

Time to double up on this KIO dip.

Here goes the kitchen sink, current price 404, looking to average down to below 390.

Portfolio will be constipated on KIO
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#2764 Zero Hedge

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Posted 17 April 2014 - 12:12 PM

McMoolah, on 17 Apr 2014 - 09:52 AM, said:

Thanks Zero as always  :) , i guess chances of it reaching R419.00 (to break-even) anytime soon are pretty slim at this stage?

would think so...not in the short term at least. I have cut most of my resi exposure as Apr to Jun is the seasonally weak period for them...I expect miners to drift lower into mid year and then bounce in H2 if China doesn't fall over.


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#2765 McEdama

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Posted 17 April 2014 - 11:52 AM

Zero Hedge, on 17 Apr 2014 - 09:46 AM, said:

Citi downgraded it this morning to a sell as dividend could be under threat...and then RMBMS had the following to say also this morning...

 

South African production statistics for iron ore suggest weak production in January and February. vs 4Q14 – with production in Jan and Feb suggesting 1Q could be down 13% on 4Q last year. Given that Kumba accounts for c70% of South African production – we believe that any decline could be indicative of weak production at Kumba.

 

Thanks Zero as always  :) , i guess chances of it reaching R419.00 (to break-even) anytime soon are pretty slim at this stage?


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#2766 Zero Hedge

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Posted 17 April 2014 - 11:49 AM

McMoolah, on 17 Apr 2014 - 09:18 AM, said:

KUMBAIO down 3.1%, any reason/news? i thought the slightly better than expected chinesse data would push it up +R400. are there any prospect here SELL/HOLD? :wacko: 

Tough call but I won't sell today...wait for KIO production numbers next week...who knows they may just surprise to the up...


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#2767 Zero Hedge

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Posted 17 April 2014 - 11:46 AM

McMoolah, on 17 Apr 2014 - 09:18 AM, said:

KUMBAIO down 3.1%, any reason/news? i thought the slightly better than expected chinesse data would push it up +R400. are there any prospect here SELL/HOLD? :wacko: 

Citi downgraded it this morning to a sell as dividend could be under threat...and then RMBMS had the following to say also this morning...

 

South African production statistics for iron ore suggest weak production in January and February. vs 4Q14 – with production in Jan and Feb suggesting 1Q could be down 13% on 4Q last year. Given that Kumba accounts for c70% of South African production – we believe that any decline could be indicative of weak production at Kumba.

 


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#2768 McEdama

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Posted 17 April 2014 - 11:18 AM

KUMBAIO down 3.1%, any reason/news? i thought the slightly better than expected chinesse data would push it up +R400. are there any prospect here SELL/HOLD? :wacko: 


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#2769 delta66

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Posted 17 April 2014 - 11:14 AM

i'm tempted AJ but if financials(sector) come under pressure near future oml could drop 31-32.50  anyways, also looking and trying to make decision on this potential trade


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“melior diabolus quem scies”


#2770 Ninja

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Posted 17 April 2014 - 11:11 AM

CFR ... If R104.00 breaks on the 30 min chart and daily chart she'll be heading down again

Edited by Ninja, 17 April 2014 - 11:13 AM.

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#2771 AJS

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Posted 17 April 2014 - 10:40 AM

Eagle7, on 17 Apr 2014 - 08:22 AM, said:

what the word on OML

 

Ex-div today... And sitting pretty on R34 support.


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"Trade what you see, not what you think"

#2772 Eagle7

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Posted 17 April 2014 - 10:22 AM

what the word on OML


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#2773 delta66

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Posted 17 April 2014 - 09:14 AM

BIL..great lumbering sloth! :rolleyes:


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#2774 AJS

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Posted 16 April 2014 - 09:09 PM

Zero Hedge, on 16 Apr 2014 - 7:02 PM, said:

if everyone is on the same side of the ship then perhaps it's time to move to the other side?

 

True. nothing is ever as it seems.


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"Trade what you see, not what you think"

#2775 Zero Hedge

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Posted 16 April 2014 - 09:02 PM

Godfather, on 16 Apr 2014 - 4:47 PM, said:

Thanks ajs. I ask this because I have heard a lot of talk around us entering a period of rand weakness. Including traders corner where I am a member.
I don't want to trade forex so I wanted to see if i could lean my portfolio towards stocks that would benefit should this period of rand weakness materialize.
Also every time the fed cuts back on stimulus the dollar in theory should get stronger. This strengthens the case for dollar strength / rand weakness.

USD strength/ZAR weakness logically makes sense...problem is this is the consensus view out there...I have learned things are not always as obvious as it seems...if everyone is on the same side of the ship then perhaps it's time to move to the other side?
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#2776 Godfather

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Posted 16 April 2014 - 06:47 PM

Thanks ajs. I ask this because I have heard a lot of talk around us entering a period of rand weakness. Including traders corner where I am a member.

I don't want to trade forex so I wanted to see if i could lean my portfolio towards stocks that would benefit should this period of rand weakness materialize.

Also every time the fed cuts back on stimulus the dollar in theory should get stronger. This strengthens the case for dollar strength / rand weakness.
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#2777 AJS

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Posted 16 April 2014 - 06:38 PM

Godfather, on 16 Apr 2014 - 3:42 PM, said:

Can anybody tell me what share are most sensitive to rand weakness?
Cfr?
Sab?

 

Not in any order, but the main ones are:

 

SAB

CFR

SOL

MTN (to a certain extent, not that big)

NPN

BTI

SHF (European exposure)

Maybe even WHL in a few years (if they do buy David Jones)

Then obviously your miners as well.


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"Trade what you see, not what you think"

#2778 Godfather

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Posted 16 April 2014 - 05:42 PM

Can anybody tell me what share are most sensitive to rand weakness?
Cfr?
Sab?
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#2779 Godfather

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Posted 16 April 2014 - 05:40 PM

Can anybody tell me what share are most sensitive to rand weakness?
Cfr?
Sab?
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#2780 Eagle7

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Posted 16 April 2014 - 05:37 PM

Missed MDC.

 

Picked up VOD on the close (cfd price 129.08) hoping oversold in the past 2 days. Looking for a relief bounce back to 133.  (Easter bunny please deliver ;))


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