7058 replies to this topic

[Tank]

hi everyone. i wanted to do a quick random post of a chart / compnay that i've been following the past few months. the company is reinet (rei).

 

i still have to figure out how to post charts on the new forum, i unfortunately dont have much time today.

 

if possible, can someone post a weekly chart of reinet going back 2 or 3 years. its especially interesting if you put up a 50 EMA and a 200 sma with special focus on last week's candle

 

i'll post it later this week

 

 

Attached Files

•  Reinet weekly chart.gif   73.98KB   41 downloads

[HDB]

Long SHP @R186.00

 

Broke out above R185.50 yesterday and today came back to test!!

[Ninja]

shorting SHP from around current level of R192... to R206.... if she gets there!!! stop R210 

[bidbud68]

Aspen is the only 1 I am doing ok with on shorting so far, the retailing shorts were disastrous.

[bidbud68]

Aspen traded at R 220 this mornng down 3% was it during the auction and how do you put your bid/offer so as to benefit in an auction ?

[Mad Max]

cautionary = corporate action, in the case of aspen they are buying products from MSD. The corporate action will/can/could/should result in a fundamental change in the underlying, i.e. change in gross profit, NAV , margins etc.. which as we have seen a massive movement in the share price.

hope this helps.

 

Thanks Saint1

[yusufm]

some hope for a relief rally on AGL from current R191 level to around R217... getting in long... stop R180

I just closed out my ANG long at 14200

[Ninja]

some hope for a relief rally on AGL from current R191 level to around R217... getting in long... stop R180

[saint1]

cautionary = corporate action, in the case of aspen they are buying products from MSD. The corporate action will/can/could/should result in a fundamental change in the underlying, i.e. change in gross profit, NAV , margins etc.. which as we have seen a massive movement in the share price.

hope this helps.

HDB, could you explain what is meant by a cautionary and why would one not short a stock on a cautionary ?

Edited by saint1, 01 July 2013 - 04:42 AM.

[Mad Max]

Never short a strong stock which is under a cautionary!!!

 

HDB, could you explain what is meant by a cautionary and why would one not short a stock on a cautionary ?

[CJV002]

Ps  I do not use rsi, stochs,  etc...I only use trend lines ,daily and weekly charts( nothing less than a day), current  price action and moving averages for all my cfd trades and if I get a success rate of at least 6 out of 10, then im happy!!!    

Thanks for the insight What ratio of risk vsrewards would you typically aim for eg do you keep very tight sl's? If you go long TFG 95 to 98, thats approx 3% reward but im guessing your stoploss would have been in the same range thus 1:1 ratio. im still struggling with this concept as eg i went long NPN last week (long at 678 and closed at 697 but sl at 634) and only realised afterwards that it gave me higher risk than reward which in my mind is not worth the risk. Im trying to focus on trades with ratio of 2:1 or more but not sure whether this is smart trading or not. I know sl is based on prev support lines and limit on resistance (range trading) but im worried im going to risk more in the end that what i stand to gain.

[HDB]

Ps  I do not use rsi, stochs,  etc...I only use trend lines ,daily and weekly charts( nothing less than a day), current  price action and moving averages for all my cfd trades and if I get a success rate of at least 6 out of 10, then im happy!!!    

[HDB]

Hi CJV002

This was an impulsive trade based on price action for the day during that time...

Seems the trade worked at that time as TFG dropped to R96.00 soon afterwards but once the widow dressing started it went back to high of the day!!

Share may go higher now next week but medium term im bearish retailers . Having said that as this was a very short term trade, I will close it on Monday if it moves up any higher and short it on the return move/ leg down which im pretty confident about!!

 

In actual fact I was long from about R95.00 from Wednesday and closed it at a profit and went short straight away!!

 

 

 

HDB, im always following your posts with interest as seems your success ratio higher than most, i understood the SHP short and stillthink a further short is on the cards on Monday depending whether it keeps below R186, but i dont get the logic behind shorting TFG. My charts show it mid way on stochastic and rsi on daily with no clear buy/sell indication and its only rising from recent low now. Can you maybe share some insight on why the short?

[CJV002]

Short TFG@ R98.72 

HDB, im always following your posts with interest as seems your success ratio higher than most, i understood the SHP short and stillthink a further short is on the cards on Monday depending whether it keeps below R186, but i dont get the logic behind shorting TFG. My charts show it mid way on stochastic and rsi on daily with no clear buy/sell indication and its only rising from recent low now. Can you maybe share some insight on why the short?

[Dabre]

Short TFG@ R98.72 

Got @9875 thanks HDB:D

[yusufm]

Any targets for ANG people? I want 140 but should i go for higher?

Noooooooooo, i missed it by 2c!!!  

[yusufm]

Any targets for ANG people? I want 140 but should i go for higher?

[HDB]

Never short a strong stock which is under a cautionary!!!

Aspen hitting new highs but huge PE, for interest why not short that compared to MTN which isnt up much today ?

[bidbud68]

Aspen hitting new highs but huge PE, for interest why not short that compared to MTN which isnt up much today ?

[HDB]

NOOOOOO

Also waiting for MTN

 

What about Aspne up 6.5%, SHORT ?