814 replies to this topic

[orca]

I have finally come to terms that my CML has grown up now. She is no longer a low volume low price stock that does not conform to technicals. She is now an adult and traders are drawing lines all over her and acting to them accordingly causing these movements.

 

Looking at Marco's chart, I must agree as the Fib. lines are too obvious. A correction to 50 will still give it around 100% gain this year and I'm good with that. Actually I would prefer it to do just that to get the PE back to normal and then make her steady 60% pa for long term.

 

The April/May drop was not 20% as stated here but 16.7% and she regained it in one month.

 

 

 

[marcoza]

Two levels of importance over the medium term can be seen on the chart i've posted.

I think level 1 will most likely provide the best support as it was resistance before breaking out for the massive run over the last 2/3 months.

CML is such a strong stock that it could reverse @ any point in time. The market has left a gap @ R61.69 which will most likely be filled in time. I'll be watching for a bigger sell off and move down back to R50.00, that would definitely be an appealing level for the long term if you've been wanting to invest in coronation.

 

 cml.png   393.1KB   51 downloads

 

 

@MarcoOlevano

[HDB]

Pity. You would have lost once again and you lost out on the PNC gain of 7% today that came with it. I gave it to you. You are very cocky and will loose once more with CML. You never learn.

 

 

Orca relax...u too emotional buddy!! With CFDs no emotion..Just patience!!!

[orca]

and DCT shoots up 14% today....Pity i cant short it!!

Pity. You would have lost once again and you lost out on the PNC gain of 7% today that came with it. I gave it to you. You are very cocky and will loose once more with CML. You never learn.

[gamma]

I've new rhyme to replace sell in may and go away

Sell in June and go to the moon

 

glad that volatile week is over. lets hope for a bit more calm next week. 

On the plus side, that market needed a bit of a correction. S%P and DJ charts are looking much healthier now.

Lets just hope JSE does not decouple..

[delta66]

IVT under pressure today....added again at 9020 (third buy)this week

Edited by delta66, 07 June 2013 - 04:04 PM.

[delta66]

PNC   cha-ching, cha-ching...

[orca]

But you can go long on PNC.

Told you so HDB.

[delta66]

and DCT shoots up 14% today....Pity i cant short it!!

that's why BoE had a "buy" signal on them the past 3 weeks

[orca]

and DCT shoots up 14% today....Pity i cant short it!!

But you can go long on PNC.

[HDB]

PNC

 

The Board of Directors of Pinnacle is pleased to announce that it has entered into an agreement with Co-ordinated
Network Investments Proprietary Limited and Hoolican Investments Proprietary Limited (collectively the ?Sellers?) in
terms of which Pinnacle (or a nominated wholly owned subsidiary of Pinnacle), will acquire in one indivisible transaction,
61,152,467 ordinary shares (?Acquired Shares?) in Datacentrix Holdings Limited (?Datacentrix?) in an off-market sale
and purchase (the ?Acquisition?). The Acquired shares represent approximately 29.79% of the issued ordinary share
capital of Datacentrix.

and DCT shoots up 14% today....Pity i cant short it!!

[orca]

PNC

 

The Board of Directors of Pinnacle is pleased to announce that it has entered into an agreement with Co-ordinated
Network Investments Proprietary Limited and Hoolican Investments Proprietary Limited (collectively the ?Sellers?) in
terms of which Pinnacle (or a nominated wholly owned subsidiary of Pinnacle), will acquire in one indivisible transaction,
61,152,467 ordinary shares (?Acquired Shares?) in Datacentrix Holdings Limited (?Datacentrix?) in an off-market sale
and purchase (the ?Acquisition?). The Acquired shares represent approximately 29.79% of the issued ordinary share
capital of Datacentrix.

[delta66]

added again to IVT at 9550.

[delta66]

VOD holding up well considering our general market direction, must be the div coming up shortly lending support.

[Rolycpt]

Interesting article. If it had to happen then I wonder what impact it will have on the MTN share price.

 

http://www.moneyweb....liance-in-india

[delta66]

watching GRT hoping to add more below 24.00 today

[delta66]

OCE anounced yesterday afternoon that they aquired Foodcorp, a Co that owns the Glenryk brand. This aquisition doubles their fishing rights quota.

Although it is overbought, I can see the price going much higher. Lunchtime now and I want fish n chips.

huge spinoff on their earnings down the line, great move by them. 

[orca]

I smell something fishy here ...

OCE anounced yesterday afternoon that they aquired Foodcorp, a Co that owns the Glenryk brand. This aquisition doubles their fishing rights quota.

Although it is overbought, I can see the price going much higher. Lunchtime now and I want fish n chips.

[jaDEB]

I smell something fishy here ...

[orca]

Orca, nothing touches CML, but have you had a look at OCE yet? Even less volatile.

Thanks BBW. Looks good and will check it out. Perhaps time to sell MTA?  MTAsuks.jpg   180.16KB   39 downloads