7058 replies to this topic

[delta66]

i'm committed to riding this out(APN) in long with averaged down price..so no loss yet, perhaps we see a breach of 40000 again for some quick profit

[Mr_SA]

So how many people are losing on APN? Looking at the history of this thread over the last wwek or 2... Seems there are a few long positions on APN from around R400.

[soutie]

Sometimes drugs are better than drug companies...

 

(Insert tongue into cheek)

[delta66]

 

Britain’s biggest drugmaker will remain a 6.2% shareholder in Aspen and has undertaken not to sell any more shares in the South African group for 180 days.

GSK said on Friday it had sold 28.2-million Aspen shares at R372 each, compared to Thursday’s closing price of 406.5.

The sale was handled by Citi and UBS.

In November 2013, GSK sold another similar sized tranche of Aspen stock for R250 a share.

 

Taken from a B/Day article 2wks back. If anything it's a short at present with target of about R346   No spare cash to take the trade just my humble opinion....

 

yup..goddam GSK!  whenever i trade aspen i'm either sweating blood or losing blood   you may be correct in your short view soutie..headwinds strongly against APN currently

[soutie]

Britain’s biggest drugmaker will remain a 6.2% shareholder in Aspen and has undertaken not to sell any more shares in the South African group for 180 days.

GSK said on Friday it had sold 28.2-million Aspen shares at R372 each, compared to Thursday’s closing price of 406.5.

The sale was handled by Citi and UBS.

In November 2013, GSK sold another similar sized tranche of Aspen stock for R250 a share.

 

Taken from a B/Day article 2wks back. If anything it's a short at present with target of about R346   No spare cash to take the trade just my humble opinion....

[delta66]

must agree with you zombii..its a traincrash scenario, started with GSK and ratings downgrade

[zombii]

Well, APN has now been my biggest blunder of the year. Wiped out a fair chunk of this year's profits.

[delta66]

thks BlythZ,  APN trade is not going to be easy...those in playing bigger numbers apply strict risk management as their is a possibility of further weakness with sentiment negative

Edited by (*****), 24 March 2015 - 10:44 AM.

[BlythZ]

i have order to add on APN 37000..might not trade down to that but that's where my order will remain due to buying a little higher up.  37000-37500 would be an excellent entry point if managing your risk correctly(one-third of your final pos size on entry)

I guess your order was filled, i saw your initial post for the long order , last week i think and was wondering will APN get to 370? Well, here we are APN at 367.41. You are really good at this Delta, hats off 

[delta66]

MTN..sheesh i'm a sucker for sell off on exdiv , entry(21400) could of been lower, will wait on reversal to add another tranche

[delta66]

long order on LHC 4200

[delta66]

TKG - i should of loaded up big-time on their recent sell down..absolute great money spinner

[soutie]

Your thinking behind this? Target?

Basically the sluggish economy, if the rand strengthens will dent their UK earnings. Plus I have a client who is in the packaging business who just closed his doors..!  

He did mention to me NPK have closed non profit making business in Free State & their Cape "tech hub" is not performing due to BEE coupled with skills shortage.

Haven't took a major shot at it cos I reckon it will drift sideways till news comes out either trading statement or results whichever but I reckon down it will go.

My trading in & out days didn't come out as planned so I'm adopting a short & hold system now working well so far......to be continued.....cheers.

Oh no target in mind either..... 

[delta66]

Anyone thinking taking a long position in Zeder is worth it? Results out this week... Target would be 830c

liquidity is a concern..suppose volumes will be supportive with results, still something(liquidity) to be mindful of

[Mr_SA]

Anyone thinking taking a long position in Zeder is worth it? Results out this week... Target would be 830c

[Mr_SA]

Taken a short position in Nampak.

 

Your thinking behind this? Target?

[yusufm]

Long matched on ELI just before close at 100c I feel it a good support level to trade short term bounces from

[delta66]

...plus a lap dance. 

 

DSY is tempting.  maybe , little lower ie. from 11000

[soutie]

Long Glencore small position cos I'm skint....

After going sideways for over 2wks moved stop up to cover costs plus a lap dance. 

[@sirgrantfleming]

i have order to add on APN 37000..might not trade down to that but that's where my order will remain due to buying a little higher up.  37000-37500 would be an excellent entry point if managing your risk correctly(one-third of your final pos size on entry)

long 372