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#161 McEdama

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Posted 03 June 2014 - 06:03 PM

I wouldn't rush in on this one, it can go south very fast as long as Iron Ore remains below $US 100...anyone with Div information?
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#162 M e r l i n

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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.


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#163 Sugafoot

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Posted 03 June 2014 - 05:29 PM

Thinking of buying some kumba today? Looking for a bounce
Alsi, as soon as it went up, it came down... Love your money... Wake up and look at it everyday... and wait
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#164 alsi_speculator

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Posted 03 June 2014 - 01:10 PM

Thinking of buying some kumba today? Looking for a bounce
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#165 MHB

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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... :(

 

 


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#166 McEdama

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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...
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#167 M I D A S

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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...


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#168 soutie

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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....!


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Anyone need a heads up...!


#169 M I D A S

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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

 

 


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#170 McEdama

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Posted 30 May 2014 - 04:08 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!!

Thanks HDB as always, I'm learning that hard learson now, I'll be more smarter in future...
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#171 HDB

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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!!


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HDB

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#172 McEdama

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Posted 30 May 2014 - 03:38 PM

Now 326.10, how low can it go? Bleeding BIG time here my avg. Is 382.00...
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#173 McEdama

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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...
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#174 Sugafoot

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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
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#175 Zero Hedge

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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...


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#176 M e r l i n

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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.

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People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)

 

 

 

 

 


#177 M I D A S

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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.... :huh:

 

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


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#178 HDB

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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!!!


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HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#179 soutie

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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.... :huh:

 

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 


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Anyone need a heads up...!


#180 Sugafoot

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Posted 29 May 2014 - 03:56 PM

M not good at predictions but they could be heading to 31000, if the article on the other Kumba thread holds any water.

Just trying to figure out when would be a good time to enter so as to benefit from the relief rally
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