#161
Posted 03 June 2014 - 06:03 PM
#162
Posted 03 June 2014 - 05:50 PM
Guys, talk to you not before 3 months time, Kumba shall still take loads of punishment (I hope) in light of oversupply of iron ore, remember the market has no loyalty's, it is merely supply and demand.
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#163
Posted 03 June 2014 - 05:29 PM
Thinking of buying some kumba today? Looking for a bounceAlsi, as soon as it went up, it came down... Love your money... Wake up and look at it everyday... and wait
#164
Posted 03 June 2014 - 01:10 PM
#165
Posted 03 June 2014 - 11:25 AM
I've also burnt my fingers on KIO, should've sold at R399 when it partially recovered. Chinese need to start buying more Iron...
#166
Posted 01 June 2014 - 12:44 PM
McMoolah let's assume you sold out Kumba when I did (public broadcast) @ 378.37 and you liked it so much that you bought it back now at 322.98, you would have the same amount of shares but be cash rich to over R55- a share (less dealing costs), thus reducing your loss instead of being obstinate and holding a losing bet. Think about it for next time, in a crash the ones that lose the least are those that panic faster than everybody else and jump ship fast.
Retain what is important - the CASH
Now 326.10, how low can it go? Bleeding BIG time here my avg. Is 382.00...
Thanks for the advice M I D A S, will sure consider that going forward...
#167
Posted 01 June 2014 - 09:31 AM
McMoolah let's assume you sold out Kumba when I did (public broadcast) @ 378.37 and you liked it so much that you bought it back now at 322.98, you would have the same amount of shares but be cash rich to over R55- a share (less dealing costs), thus reducing your loss instead of being obstinate and holding a losing bet. Think about it for next time, in a crash the ones that lose the least are those that panic faster than everybody else and jump ship fast.
Retain what is important - the CASH
Now 326.10, how low can it go? Bleeding BIG time here my avg. Is 382.00...
#168
Posted 30 May 2014 - 07:25 PM
Now 326.10, how low can it go? Bleeding BIG time here my avg. Is 382.00...
Get out on the 1st bounce take the hit & move on....!
Anyone need a heads up...!
#169
Posted 30 May 2014 - 07:18 PM
322.98 close and counting, I am with Midas on the 6month wait for a bus ticket and am a customer @ 250-
Of course Kumba shall be in ICU
#170
Posted 30 May 2014 - 04:08 PM
beauty of stop losses!!
Now 326.10, how low can it go? Bleeding BIG time here my avg. Is 382.00...
and rule number 2
never average a losing trade!!
Thanks HDB as always, I'm learning that hard learson now, I'll be more smarter in future...
#171
Posted 30 May 2014 - 03:39 PM
Now 326.10, how low can it go? Bleeding BIG time here my avg. Is 382.00...
beauty of stop losses!!
and rule number 2
never average a losing trade!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
#172
Posted 30 May 2014 - 03:38 PM
#173
Posted 30 May 2014 - 03:29 PM
Come on guys, who shall predict the bottom price of Kumba, presently trading at 330.20 (fell .50 in last 10 minutes)
Must be a really good under the matress stock for ou dag
Sugafoot says 310, at this rate of fall I say sub 300
Under 300, I'd consider a peek. But that oversupply worries me. Hence I also agree with the sentiment to look in about 6 months time
Agree, if you're not in stay out! This can go to 250 soon @ this rate...
#174
Posted 30 May 2014 - 02:45 PM
Come on guys, who shall predict the bottom price of Kumba, presently trading at 330.20 (fell .50 in last 10 minutes)
Must be a really good under the matress stock for ou dag
Sugafoot says 310, at this rate of fall I say sub 300
Under 300, I'd consider a peek. But that oversupply worries me. Hence I also agree with the sentiment to look in about 6 months time
#175
Posted 30 May 2014 - 01:22 PM
Come on guys, who shall predict the bottom price of Kumba, presently trading at 330.20 (fell .50 in last 10 minutes)
Must be a really good under the matress stock for ou dag
Blackrock selling...iron ore price still falling and won't do V-shape recovery like in the past as there is just too much iron ore around...Below $90 iron ore the KIO divi is at risk. I think you can take your time on this one...
#176
Posted 30 May 2014 - 01:16 PM
Come on guys, who shall predict the bottom price of Kumba, presently trading at 330.20 (fell .50 in last 10 minutes)
Must be a really good under the matress stock for ou dag
Sugafoot says 310, at this rate of fall I say sub 300
Edited by M e r l i n, 30 May 2014 - 01:18 PM.
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#177
Posted 29 May 2014 - 07:03 PM
Last time we were at these levels was August 2010...So anyone who bought after then is losing money......Let that sink in....
I'm gonna wait till tomorrow afternoon it might get sold off again...If it does panic will set in next week...Bargain hunt then...My 2c
Soutie, forget about tomorrow afternoon - I take a stab at Kumba bottoming in 6 months time, then we climb on the bus
#178
Posted 29 May 2014 - 04:18 PM
only buy if it breaks above its 34ema which is sitting at R370 an falling everyday!! if you buy below this expect more pain!!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
#179
Posted 29 May 2014 - 04:16 PM
Last time we were at these levels was August 2010...So anyone who bought after then is losing money......Let that sink in....
I'm gonna wait till tomorrow afternoon it might get sold off again...If it does panic will set in next week...Bargain hunt then...My 2c
Anyone need a heads up...!
#180
Posted 29 May 2014 - 03:56 PM
Just trying to figure out when would be a good time to enter so as to benefit from the relief rally