7058 replies to this topic

[walter10]

Waiting for TKG to hit R69 level for first bite

[@sirgrantfleming]

had a miserable week after a string of successful ones..feeling bruised   but will tackle the mkt again next week.  thks to everyone for your posts/contributions to the CFD thread.

 

stay safe/have a great weekend.

yeah not great - glad I held my gut and didn't get further into BIL at 285 still looking good though, no margin unfortunately

[REDorBLACK]

whats going on with TRU...

[walter10]

SGL is being a bit of a swine!!

 Taken a small position in SGL today. Looking for a bounce of the 200MA . 

[Moonraker]

The US payrolls figure was much stronger than even the most optimistic forecasts, making it almost certain that the Fed will embark on increasing the Fed funds rate around mid year, maybe later but certainly in 2015 rather than 2016.

The pressure to follow with rates increases by our reserve bank will manifest itself sooner than thought to ameliorate further declines in the Rand.

Bond yields have reacted as soon as the payrolls figure was released, with the R186 long bond yield increasing from ± 7,70/75% to nearly 8%.

This is not good news for stocks, especially REITS with only local properties in their portfolios. They have reacted to the news by dropping around 3% from the previous day's prices. (They are interest rate sensitive, and closely correlated with bond yields). 

So, we are in for rough times, especially for the 'SA Inc.' stocks. Rand hedges should fare better. Resources, all priced in US dollars, will also be affected and it remains to be seen whether a 'booming' US economy is enough to offset the downward revision in China's GDP figure to 7% for 2015.

Expecting some repatriation of overseas investments from our market.

 

[ianamst]

am in the same boat as you Delta, a poor week topped off by gold's (and ANG) drop of yesterday!  Coming into Jan 2015, each time the market dropped, gold dropped so I shorted ANG (its range then was 90-110-90) at 105zars.  Gold then did what it is 'supposed' to do and as the market started to drop, gold rose by +$100 ......painful!

 

Gold is still in a downtrend but I was expecting a short-term bounce with the market selling off - the market likes to confuse, so this time, market sells off......and gold sells off contrary to early Jan.  Alternatively, maybe I have underestimated my influence on the gold sector with my trades

 

Anyhow D, it seems (from posts) you had a good few weeks prior to this one.  I find several good weeks or months are always followed by a bad one, its managing the loss (actual loss) and ensuring the gains are always higher.  Sounds simple and obvious but is not that easy as we know.

 

have a good weekend all and lets see what Monday brings.

[Dabre]

GRT down 5.4% is it a good buy?

[delta66]

had a miserable week after a string of successful ones..feeling bruised   but will tackle the mkt again next week.  thks to everyone for your posts/contributions to the CFD thread.

 

stay safe/have a great weekend.

[REDorBLACK]

i think so... i see they downgraded TKG to a sell... hate when this happens...outside factors...but this is the nature of the beast!!

[delta66]

could it be UBS clients offloading TKG?

[delta66]

About 1.8m shares traded so far today, not abnormal amount.

have a feeling we'll see a lot more blood next week on TKG

[AJS]

nope...selling volumes still outweighing buyers so it appears. revising stop to last entry 7200

 

About 1.8m shares traded so far today, not abnormal amount.

[delta66]

nope...selling volumes still outweighing buyers so it appears. revising stop to last entry 7200

[delta66]

volumes supporting buy side action now

[delta66]

wont add again though..taking a chance(charts leading the way forward)  stoploss 6950

[REDorBLACK]

added again..7200   just under 50ma

i commend your bravery  

 

lets hope the institution or guuuvernment who is selling closes shop early on friday lol

[delta66]

added again..7200   just under 50ma

[delta66]

TKG is just turning into a joke now...

there is a waterfall of sellers...could be institutional selling in batches or gov   its painful to say the least

[REDorBLACK]

TKG is just turning into a joke now...

[delta66]

thanks AJ...miss your analysis here on cfd thread.  re:SGL perhaps tracking "volume" would be better indicator of sellers abating and buyers coming in on this trade

Edited by (*****), 06 March 2015 - 02:19 PM.