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Today's CFD Call


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#61 soutie

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Posted 26 February 2016 - 11:16 AM

I'm long FSR & SLM waiting for the budget speech, his positive chatter will boost financials in the short term, plus SBK's trading statement out earlier is also a positive. These moves will be short lived as actions speak louder than words & we all know Gordhan's hands are tied. Then will be looking for short entry till possible downgrade time.

 

Kumba & Exxaro WTF...? keep looking for short but not arriving who is buying up resources to this extent....?

 

Where is everyone's thoughts...watching what & why...?

Closed longs on FSR &  SLM for w/end beer money.

 

Ref: KIO did some scouting could be a short squeeze on Iron ore spot contributing to recent gains in price....my theory anyway... :P 


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#62 Tetonka

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Posted 24 February 2016 - 01:46 PM

KIO and EXX are thinly traded compared to the other major resource companies. Assuming resource prices start to recover from the second half of 2016 I suppose you'll have to start accumulating if you want material benefit from these thinly traded counters.

 

KIO: There was a big drop March 2015 from R230 then prices stabilized around R170 before the slide resumed in June 2015. If the ore price start to show signs of recovery I'm sure we'll be staring at R170 again...


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#63 soutie

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Posted 24 February 2016 - 10:18 AM

I'm long FSR & SLM waiting for the budget speech, his positive chatter will boost financials in the short term, plus SBK's trading statement out earlier is also a positive. These moves will be short lived as actions speak louder than words & we all know Gordhan's hands are tied. Then will be looking for short entry till possible downgrade time.

 

Kumba & Exxaro WTF...? keep looking for short but not arriving who is buying up resources to this extent....?

 

Where is everyone's thoughts...watching what & why...?


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#64 soutie

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Posted 10 February 2016 - 09:31 AM

Arm? What rumour? Or resource rumour?

ARM...African Rainbow Minerals....What rumour..... exactly...! So why is it so strong ATM....can't just be their holding in Harmony......South 32 restructuring their own manganese operations.....So.....why most resources deep red yesterday except ARM....?   I don't know,,, :unsure:

 

Technically a close above R73.60 & a retest would be bullish but against this backdrop I is puzzled.....Got a buy order ready should that occur also ready to sell should it be rejected with volume.

My opinion.


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#65 Rulz3

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Posted 09 February 2016 - 04:53 PM

Arm? What rumour? Or resource rumour?
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#66 soutie

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Posted 09 February 2016 - 04:48 PM

Deep red on my resource watch list except ARM.....Buy the rumour....? What rumour....?


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#67 Ninja

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Posted 04 February 2016 - 06:16 PM

Unusual, for gold to go up with general market!! Really weird moves happening atm. Gold looking very strong and overbought, charts looking very toppish daily and weekly oscillators both above 75!!! Wonder which one is right??😜

Edited by Ninja, 04 February 2016 - 06:19 PM.

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#68 soutie

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Posted 04 February 2016 - 11:20 AM

Scrip should be available to short soon, volumes indicating positions are being liquidated...Margin call...Nasty.

 

When the market makers fiddle best to sit it out.


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#69 soutie

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Posted 04 February 2016 - 09:13 AM

Got burned with my Kumba short but looking at today's early spike I'm relieved.

Hazzard a guess everyone is still short & trying to average down on most resource counters so the big boys with the deeeeeep pockets will again screw the retail muppets (myself included) again. My only consolation is I did buy some ARM & Kumba for long term just not enough.....but then again it's never enough is it.... :rolleyes:


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#70 soutie

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Posted 09 December 2015 - 04:28 PM

Yeah Grindrod WTF....! Please Please Please anyone out there got any idea as to why...?????? Huge seller & still dumping.


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#71 vlam

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Posted 09 December 2015 - 04:03 PM

Thank you soutie :)

 

I closed my Harmony long and have no open commodity positions at the moment.

 

Watching Sasol and Grindrod for potential long positions...

 


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#72 soutie

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Posted 09 December 2015 - 03:50 PM

Phew...! That's a toughy me thinks they is all battered & deep fried by the looks of things after the weak Chinese data....Hang tight for couple weeks till it's old news then there'll be a few.

 

Anglo's is waaaaaaaaay overdone so me has a bid in @ R64 doubt I'll get it but that's my thinking as of the next week or so.....


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#73 vlam

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Posted 09 December 2015 - 03:34 PM

What two commodity stocks can I still comfortably short at these levels?

 

Thank you kindly ^_^

 


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#74 saint1

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Posted 09 December 2015 - 05:45 AM

Will look to close this tomorrow.

and i though u where crazy to short it then, excellent trade well done.


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#75 soutie

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Posted 08 December 2015 - 05:40 PM

Back in short Kumba.  R50+change

Will look to close this tomorrow.


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#76 Hooligan

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Posted 08 December 2015 - 09:50 AM

Long Astral Foods Ltd

Long Netcare

+1 on NTC, I'm in at 34 odd, TP 39


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#77 vlam

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Posted 08 December 2015 - 09:43 AM

Long Astral Foods Ltd

Long Netcare

 


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#78 Hooligan

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Posted 04 December 2015 - 11:19 AM

What is going on with Steinhoff. Tax evasion just before its Frankfurt listing. Germans wanting to pick this up as cheap as possible. I just don't trust anything anymore.

Added to my LTP this morning at R76.50.

Will happily add again if it goes to test the R72-R73 level.


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#79 strydomk

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Posted 04 December 2015 - 09:58 AM

What is going on with Steinhoff. Tax evasion just before its Frankfurt listing. Germans wanting to pick this up as cheap as possible. I just don't trust anything anymore.
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#80 crowe

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Posted 03 December 2015 - 08:40 AM

I Like the WHL and DSY resistance levels  ;)

 

Tx Loading, only managed to open LHC at 3500, will possibly get WHL today. DSY approaching fast....


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