7058 replies to this topic

[walter10]

NPN long for more joy

[walter10]

What do you guys make of LON interim results this morning?

[OceanWalz]

Thanks AJS, I hear you, - and mean reversion possibility is always odds in your favour!

[AJS]

hi AJS, Would you mind sharing your reasoning on keeping onto your SGL?, say compared to GFI or ANG?

Gold seem relatively out of favor, has faster rising costs, dollor strength makes it 'over priced' , low interest rates and -inflation reduces its investment demand..

- on NYSE the GDX Is a third of its 2011 value! But seems to form a cup and handle graph and if that is part of bigger IH&S pattern then good for longs in gold miners

 

Hi O

 

I have not taken a fundamental view on gold to justify this trade. It is a opportunistic, short-term and technical trade for me.  The share price was hit > 22% in 3 days and there are some good lateral support around R23 and R21.  Playing a mean reversion game here.  

 

Sorry - but there is not more to this trade for me

[yusufm]

Ok good, should've probably had a tight stop in place on SGL. I'm not entirely confident in them right now, so putting a SL in...

[Pilotpilot]

Attached is the shares i'm taking positions on for tommorrow.

 

Attached Files

•  Trending Shares.xlsx   10.65KB   50 downloads

[OceanWalz]

hi AJS, Would you mind sharing your reasoning on keeping onto your SGL?, say compared to GFI or ANG?

Gold seem relatively out of favor, has faster rising costs, dollor strength makes it 'over priced' , low interest rates and -inflation reduces its investment demand..

- on NYSE the GDX Is a third of its 2011 value! But seems to form a cup and handle graph and if that is part of bigger IH&S pattern then good for longs in gold miners

[SyndriN]

Still holding

[AJS]

Are we still holding SGL longs or have you guys been stopped out?

Yup. Still holding.

[delta66]

Are we still holding SGL longs or have you guys been stopped out?

still holding

[yusufm]

Are we still holding SGL longs or have you guys been stopped out?

[delta66]

been selling INL due to uncomfortably high exposure..leaving 50% running with stop 11050

[delta66]

Long MDC 11724.

 

Long TKG 7364, short Stop at 7300 in case there is further downside.  TP anything over 8000.

good trades imo...

[walter10]

Order for MTN long at 22500

[In abunde]

Long MDC 11724.

[In abunde]

Long TKG 7364, short Stop at 7300 in case there is further downside.  TP anything over 8000.

[delta66]

2:30pm should give indication of direction.

waiting..in anticipation!

[stoffels]

I am closing all shorts! Too mush indecision in the market at the moment. Sitting on my hand until close this afternoon. Frustrating.

2:30pm should give indication of direction.

[Pilotpilot]

Some more CFD calls for today.

 

EXX - Short ***

SOL - Short **

SAB - Long **  (Only long that looks good) (Market liked yesterdays SENS)

BIL - Short **

KIO - Short *

 

TON - Could short some more, as it looks like today could be the big down day!

GFI- Keeping short

REM - Keeping short

SHP - Keeping short

WHL - Close this short (should go down a little today, but not doing what it is supposed to)

 

EXX looks like the strongest pick for the day.

 

I am closing all shorts! Too mush indecision in the market at the moment. Sitting on my hand until close this afternoon. Frustrating.

[stoffels]

and if one forecast a ZAR weakening you still think these are prime Short candidates?

ZAR weakening would come from a strong NFP print later this afternoon and strong dollar - commodities should start next leg down in that scenario. Trade with caution ahead of the announcement!