29 replies to this topic

[HDB]

In fact in my view(for what its worth) , plenty more pain to come even for long term..

[HDB]

Ps thanks for that info... I suppose that's for more long term.  I'm a  short term cfd player  and my play is to short any bounces and todays bounce on some shares looking like some nice shorting opportunities again!!

[powerstocks]

Waiting for another 7% on top of the existing pullback will probably mean you miss the boat. We are now on average correction size and over average duration. The risks of a buy-on-the-dip rebound leaving you behind outweight the advantages of waiting for another 7%. Given all fundamentals for the primary bull are intact one has to assume a standard bull market pullback is in play and not some outsized correction

 

Attached Files

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[HendrikB]

when china coughs, the world gets flu. welcome to the new world order.

[gamma]

As hendrik said..

 

Be greedy when others are fearful, be fearful when others are greedy..

 

Been saying for a while now that markets need to pull back.

 

What you are seeing here is nothing compared to what we have lived thru over the last couple of years...

 

I would look to start investing again if the market falls another 7% or so..

 

A market drop of around 10% is a healthy correction. And these corrections are needed. And we haven't had one for a while.

 

I personally think the Market is expensive and there are better opportunities elsewhere (offshore).

 

I think KIO is in for a hard time.. Soon there will be an oversupply of ore (due to projects initiated years ago coming online while demand is decreasing). So their profit margins will come under pressure..

 

I told Kryptonite a few weeks back to sit on his hands and not buy anything.. I hope you listened Kryp?

 

How true...

These little ripples are nothing compared to the volatility we've lived through..and still made money!

 

Sit tight boys..last thing you should do is sell low and buy high

[powerstocks]

Hang in there. This was one of the easier tops to call when JSE reported earnings collapsed on 15 Feb 2013. As we warned clients at the time, the JSE had no choice but to correct 7-10% to resolve the situation and return the P/E to trend, since earnings season for the large caps was all but over. P/E is back to trend now (slightly below) thanks to the 7% correction so the bottom cannot be far off

 

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[Goliath]

JSE bled today, not a fun day but bought a few bargains.. I'm all out now so going sit back and see what happens,if major tank on the way I'm selling car,kidney and few other things and doubling up!

[MrDividend]

jse getting butchered today.   very discouraging.

 

Ja, I started "investing" (I use that word loosely!) at the beginning of the year - down 3.52% but picked up about 1% in dividends. Shares that are killing me at the moment: VOD, SHF and JDG.

 

My mantra, "It's time in the market, not timing the market" said about 10 times a day... I am holding some cash back though - will see what's it like in 3 months or so, but one share ticking along and suits my profile is BTI - so might just keep buying it.

[HendrikB]

jse getting butchered today.   very discouraging.

[orca]

Ja nee. jaDEB and his gold shares will get him nowhere. I have tried to get him to change but he is hell bent to loose all his money. You go jaDEB.

[Griffin]

jaDEB you in all likely hood going to hate your position in SGL tomorrow - Gold down 1.75% to $1559 in NY with 2hrs left in the day to trade

Edited by Griffin, 10 April 2013 - 07:54 PM.

[jaDEB]

That is why I bought SGL ..... lol

 

The best trades/investments you ever make are always those where it feels the most uncomfortable to initiate the position.

[powerstocks]

It may not feel like it, but the global economic soft patch seems to be coming to an end : http://recessionaler...pdate-apr-2013/

 

The best trades/investments you ever make are always those where it feels the most uncomfortable to initiate the position.

[Safrican]

i am  a trader but nothing seems to be making a profit.what should I do cut losses and sell my current stock or should i wait and hope that the price increases after a while?

 

 

It's only a loss when one sells, untill then it's a gamble. Try the 3% Stop Loss rule if you need extra peace of mind... I'd sit tight and have a beer if I was you. 

[orca]

Good read Powerstocks. I feel better now.

[Krypt0n1te]

I told Kryptonite a few weeks back to sit on his hands and not buy anything.. I hope you listened Kryp?

 

I always listen to you 

 

Hands slowly starting to get a blueish color. 

[powerstocks]

This is still a primary bull market meaning this is a normal healthy correction.

The percentage of shares trading below their 200-day (10 month) moving average with the 200-day moving average trending down is only 35%.

Defensive asset allocation only becomes a consideration when this reaches 50% or more (http://www.powerstoc...fourseasons.php)

 

[orca]

Oh dear. I don't have 10month SMA charts. Anyone prepared to start a thread with this? ie post charts with 10month SMA. Would be great.

[Moonraker]

Think I will share this with you, courtesy of a friendly chap on another forum. 

 

 

BUY RULE
Buy when monthly price > 10-month SMA.
SELL RULE
Sell and move to cash when monthly price < 10-month SMA

 

More in the attachments

 Relative strength strategies.pdf   878.05KB   29 downloads

 Tactical asset allocation.pdf   2.54MB   17 downloads

[Perreby]

Hi everyone

The jse dropped more than 3% this week and I just started investing.

how long do you think it will take for the jse to recover completely.

I am hoping within 6  months-do u think this is possible.

I invested in KIO,bvt,grt,sbk,mtn,tru and tbs.

 

As hendrik said..

 

Be greedy when others are fearful, be fearful when others are greedy..

 

Been saying for a while now that markets need to pull back.

 

What you are seeing here is nothing compared to what we have lived thru over the last couple of years...

 

I would look to start investing again if the market falls another 7% or so..

 

A market drop of around 10% is a healthy correction. And these corrections are needed. And we haven't had one for a while.

 

I personally think the Market is expensive and there are better opportunities elsewhere (offshore).

 

I think KIO is in for a hard time.. Soon there will be an oversupply of ore (due to projects initiated years ago coming online while demand is decreasing). So their profit margins will come under pressure..

 

I told Kryptonite a few weeks back to sit on his hands and not buy anything.. I hope you listened Kryp?