7058 replies to this topic

[crowe]

TKG has also been slapped around some what, views on where this guy is headed - possibly 7100 levels??

[crowe]

opened LHC long position @ 3950.  tp 4250 may push to 4300.

[Ratel]

Any view on where MPC is going?

[SyndriN]

This is an absolute bloodbath wow...

[yusufm]

GFI....fallen off the edge of the cliff.  good call Pilot...

So has SGL...would've been a good short when we had all gone long!

[ianamst]

GFI....fallen off the edge of the cliff.  good call Pilot...

[SyndriN]

Now I understand why GFI turned bearish in one day yesterday!! Some people had seen the results and sold yesterday, before the SENS results announcement this morning.

 

Luckily I picked it up yesterday with the complete change of momentum and break in trend. And I got a short position last night.

 

It will probably drop like a stone today!!

Agreed, those results are horrible, Sasol got some gloomy results as well

[Pilotpilot]

Ok, GFI and ANG broke trend today and GFI turned bearish with this down move today. I just closed positions. Made some on ANG, but lost more on GFI for a small loss.

 

I have several shares I'm entering short positions on, with closing tonight, and they are in order of preference, with % of total short position.

 

1) TON - Short 20%

2) REM - Short 15%

3) GFI - Short 15%

4) SHP - Short 10%

5) WHL - Short 10%

 

These should be good to hold for at least 3 days. All turning bearish and entering downtrend. All should give a good start tomorrow morning.

 

Lets make some moola back, and join the Bears!

 

Now I understand why GFI turned bearish in one day yesterday!! Some people had seen the results and sold yesterday, before the SENS results announcement this morning.

 

Luckily I picked it up yesterday with the complete change of momentum and break in trend. And I got a short position last night on GFI and REM. Still need the TON short this morning.

 

It will probably drop like a stone today!!

Edited by Pilotpilot, 07 May 2015 - 09:02 AM.

[SyndriN]

I should try be a bit more optimistic especially since SGL recovered from a massive bloodbath this AM and the charts are learning towards positive, to be honest have not been following APN (besides that from forum chat) but will start keeping a look out for a bottom as well, some serious profits to be made on the swing or the ever so chance it drops some more but definitely one to keep eyes on... this and DSY     

[New_kid]

I don't think SGL should be a big problem. It will most probably rally within the next few days.

And then i'm also liking APN when it hits bottom.
I am being optimistic today.
Whats your fews?

[SyndriN]

SGL down 3.5% on NYSE, gold not living up to it at all.... hope by 09:00 tomorrow morning there is a difference

[delta66]

topped up on DSY 12670

[Pilotpilot]

 

@Pilotpilot.....your call on APN for test of 200 MA and neckline then short from 37200 was spot-on.  Hope you made it out of the gold trades with profit.  I have stopped trading any gold counters as they are so unpredictable and also volatile.  My plan was to be in more range bound and predictable shares...........such as APN Ironic!!

 

Ye, not all shares behave according to the textbook  like APN just did. I missed the short @ R272-50 that next day it tested  .

 

Took a small loss R2k on the gold, but gonna get that back tomorrow when I short TON   

[crowe]

i think LHC is going to be  great trade at sub 4000! tp 4275 hopefully within a week or so.

[ianamst]

@Pilotpilot.....your call on APN for test of 200 MA and neckline then short from 37200 was spot-on.  Hope you made it out of the gold trades with profit.  I have stopped trading any gold counters as they are so unpredictable and also volatile.  My plan was to be in more range bound and predictable shares...........such as APN Ironic!!

[Pilotpilot]

Ok, GFI and ANG broke trend today and GFI turned bearish with this down move today. I just closed positions. Made some on ANG, but lost more on GFI for a small loss.

 

I have several shares I'm entering short positions on, with closing tonight, and they are in order of preference, with % of total short position.

 

1) TON - Short 20%

2) REM - Short 15%

3) GFI - Short 15%

4) SHP - Short 10%

5) WHL - Short 10%

 

These should be good to hold for at least 3 days. All turning bearish and entering downtrend. All should give a good start tomorrow morning.

 

Lets make some moola back, and join the Bears!

 

[SyndriN]

go SGL.......SyndrN, have the same feeling with APN, 3% down today but feeling like a winner

haha True, was looking really ugly this morning so i feel like a winner too ( lets hope it stays)

[ianamst]

go SGL.......SyndrN, have the same feeling with APN, 3% down today but feeling like a winner

[SyndriN]

go SGL!!!        

[ianamst]

my cost was similar to your own, just decided it was either going to be a loser (and maybe more than 3%) and holding for another 4/5 weeks in the hope it would fall would cost far more (in better trades) and actual loss.