7058 replies to this topic

[delta66]

stopped out on MTN but still very happy   will try get back in for div if there's pullback

Edited by (*****), 06 March 2015 - 09:09 AM.

[delta66]

Crowe...nonfarm payroll(US) should provide some support for gold if below expectation but whether it translates into a share price gain on SGL is the question. price from what i can see is in limbo with next major support around 2400 and resistance now becoming 3000(numbers rounded off)  we'll probably see continued weakness in ADR's until actual data becomes available(US time) US$ still very strong not helping.

overall this has become a difficult trade with fundamental news steering price, honestly was not expecting the sell down we've seen.

 

will probably close out this morning manually on a drop below 2700..apologies to anyone who got the short end of this bad call 

 

[crowe]

Crowe..i would be cautious with adding just yet as i see a continued sell down on NYSE.  no fixed technical target placed on this trade(off the cuff-would be happy closing 2980). as you probably aware there is div coming up 3/16/15. spot gold battling to hold 1200+- and US dollar strong puts us at the risky end of this. 

 

tx Delta. you think we going to still much more of a fall here? Maybe worth closing tom and evaluate agin next week?

[delta66]

@zombii-not telling   but to give you an idea....sold off all my properties(fixed) in 2009 - fully invested in equities/derivatives since 2010.  50% in physical shares and 50% in geared instruments. 

 

exposure relative to your capital base is "key" in this business.  i generally steer away from complicated/advanced methodologies, keeping my investing/trading as vanilla based as possible.

Edited by (*****), 05 March 2015 - 05:58 PM.

[crowe]

SGL is being a bit of a swine!!

[zombii]

yes..that 240 level would be great.  i might be able to take a year sabbatical from trading should we see that price strike

 

Damn, just how big are the lots you swing?

[delta66]

aah! makes sense.  thank you.

[bulls]

its flying..wish i had some!

been included in some index(not sure which) so price is supported by those that need to include it in the index.

[delta66]

Anyone Trading PFG ? What's happening there?

its flying..wish i had some!

[walter10]

Anyone Trading PFG ? What's happening there?

[reckless]

a bold move but feasible considering there's no news that i'm aware of pushing the price @least on a intra view.  very aggressive trade Reckless, all the best and thanks for contributing here(takes b@lls to make a trade like that and then post it publicly)  

Hi Delta

 

Have a tight stop in place so not going b@lls to wall on this one.

[delta66]

short DSY 13065 looking for small bounce

a bold move but feasible considering there's no news that i'm aware of pushing the price @least on a intra view.  very aggressive trade Reckless, all the best and thanks for contributing here(takes b@lls to make a trade like that and then post it publicly)  

[reckless]

short DSY 13065 looking for small bounce

[Gspot]

guys..MTN been a rough road but you have all seen it through..well done!  remember, keep adjusting stops to lock profit in.

Totally agree......

[delta66]

I think we are there now......next target R235 - R240 (from Daily)!!!  Show me the MONEY............after months of holding!!  Yes, and those dividends please....

 

 

I'm holding out to a return to the 240 levels on MTN

yes..that 240 level would be great.  i might be able to take a year sabbatical from trading should we see that price strike

[zombii]

I'm holding out to a return to the 240 levels on MTN

[delta66]

TKG..starting to equalize somewhat as well.  considering 7850 as 2nd tranche

[delta66]

guys..MTN been a rough road but you have all seen it through..well done!  remember, keep adjusting stops to lock profit in.

[Gspot]

Hopefully this is the momentum to get the share price through that R219.80 resistance level (on the daily).......and that dividend is really juicy!!

 

I think we are there now......next target R235 - R240 (from Daily)!!!  Show me the MONEY............after months of holding!!  Yes, and those dividends please....

[Angazi]

Would be amazing if it were today!! About time though...