10 votes
Advanced Member
Posted 06 February 2014 - 05:42 PM
Guys, some advice please. Been holding 2 longs (one at 433 and the other at 439) on Amplat and needless do say, am bleeding. Do I take a beating like a man and cut, or do I hold on still?
AMS expensive and had a good bounce. Strong resistance around 430-440
Advanced Member
Posted 06 February 2014 - 04:59 PM
Newbie
Posted 06 February 2014 - 04:55 PM
Sold a 1/2 my KIO pos as MT is reporting tomorrow morning, if it drops lower looking to re-add. Got just under 25 points in that trade, didnt expect it that fast.
Sage
Posted 06 February 2014 - 04:19 PM
Tell me about it.... 
Been happening too much to me lately with KIO
Got IMP lined up for a long on conclusion of strike.
They offering the workforce 9% in another week that will look like a victory.
Anyone need a heads up...!
Sage
Posted 06 February 2014 - 03:59 PM
Yeah watching WHL for R58 again
Already got DSY @ R75
I was taken out by that freakish WHL stop-loss hunt spike on Tuesday to R58 
Sage
Posted 06 February 2014 - 03:55 PM
SHeesh, selling pressure just doesn't want to go away. WHL, DSY, FSR, BAW, SHF...
Yeah watching WHL for R58 again
Already got DSY @ R75 early me thinks
Anyone need a heads up...!
Member
Posted 06 February 2014 - 03:03 PM
Member
Posted 06 February 2014 - 02:57 PM
SHeesh, selling pressure just doesn't want to go away. WHL, DSY, FSR, BAW, SHF...
Yep, chunks at a time... watching FSR & SHF myself.
Sage
Posted 06 February 2014 - 02:51 PM
SHeesh, selling pressure just doesn't want to go away. WHL, DSY, FSR, BAW, SHF...
The Oracle
Posted 06 February 2014 - 01:25 PM
and someone considered this a 10 bagger!!! @ R6 was hopelessly overpriced!!!MIX taking a beating today
People didn't like their results this morning
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Little Master
Posted 06 February 2014 - 12:52 PM
MIX taking a beating today
People didn't like their results this morning 
The Punter
Posted 06 February 2014 - 11:04 AM
I know because the SARB had a lunch with fixed income investors in Joburg yesterday (hosted by Citi) where Brian Khan came accross as being very dovish...the wild card in all of this is and remains the ZAR. So ZAR will drive sentiment towards the rates senstives. If you think worst is over for ZAR then the current levels are attractive entry points for a bounce.
thanks for the info 
Sage
Posted 06 February 2014 - 10:39 AM
Can anyone give me some advice on pick n pay , i have a feeling on a short????
IG CASH
Advanced Member
Posted 06 February 2014 - 10:34 AM
I think you right about that, since yesterday listed property has started finding support, which they wouldn't if investors are expecting a rate hike soon
I know because the SARB had a lunch with fixed income investors in Joburg yesterday (hosted by Citi) where Brian Khan came accross as being very dovish...the wild card in all of this is and remains the ZAR. So ZAR will drive sentiment towards the rates senstives. If you think worst is over for ZAR then the current levels are attractive entry points for a bounce.
Advanced Member
Posted 06 February 2014 - 09:59 AM
Having a long nibble at SAB - starting at 482, will add at 474.
The Punter
Posted 06 February 2014 - 09:56 AM
Watch the FRA's and bond yields...came right back yesterday. Feeling is that the SARB panniced by hiking last week as they are really struggling to explain to market why they did it...some members of SARB are now saying that they may not have to hike any more provided the ZAR behaves. Retailers are pricing in at least another 150bps hike after last week's sell-off. I like the risk/reward here on some retailers...but you need to be selective.
I think you right about that, since yesterday listed property has started finding support, which they wouldn't if investors are expecting a rate hike soon
The Punter
Posted 06 February 2014 - 09:49 AM
Entry for VOD short still at R125?
Looking at an MTN short at R205 as well
"Veni, vidi, vici"
Posted 06 February 2014 - 09:33 AM
...buy when there's blood and sell when there's euphoria.
“melior diabolus quem scies”
Advanced Member
Posted 06 February 2014 - 09:29 AM
CML is buying for the long term. If you're a CFD trader that's hardly relevant. If you wanna go long on retailers now in this climate then you'll get hurt. Plain and simple.
These things always give CFD traders nice trading opportunities...buy when there's blood and sell when there's euphoria.
Advanced Member
Posted 06 February 2014 - 09:28 AM
very interesting. I thought most analysts were expecting rates to increase further by half-year though....
Watch the FRA's and bond yields...came right back yesterday. Feeling is that the SARB panniced by hiking last week as they are really struggling to explain to market why they did it...some members of SARB are now saying that they may not have to hike any more provided the ZAR behaves. Retailers are pricing in at least another 150bps hike after last week's sell-off. I like the risk/reward here on some retailers...but you need to be selective.
