129 replies to this topic

[zoner]

Make that 15% in the last 30min! It's going like a runaway train man... all aboard.

[yusufm]

Well played ST. I was a bit too miserly with this one, shouldve entered earlier. We will see 1000 by end of the week I'm sure

Cancel that, seems like a complete retrace is on the cards!

[yusufm]

Share just jumped up to 860 after SENS announcement @ 3pm
+7%

Well played ST. I was a bit too miserly with this one, shouldve entered earlier. We will see 1000 by end of the week I'm sure

[zoner]

Share just jumped up to 860 after SENS announcement @ 3pm

+7%

[zoner]

Make that 1100c so I can remove the thorn in my side...

[SoleTrader]

It looks like the worst is over. Whoever was dumping did it very irresponsibly. But thank you whoever you are (some clever portfolio manager I assume!). Now we can start moving back to 1000c

[M e r l i n]

Soletrader, the point I make is buying into increasing value as opposed to buying into diminishing value, I cut losses when shares go South and rather latch onto a stock that is going places, I dumped Steinhoff on this basis and bought Rockcastle which has delivered 12% in three weeks, don't tie up capital in stocks going nowhere.

 

@ Merlin I actually bought Abil at 50c. It is suspended but Deutsche Bank has put out a note valuing the stock at 300c upon relisting. May take a while though.

For me investing is about upside return versus downside risk. I start building a position data level where I feel comfortable. And that was below 900c. And I added at 800 and at 700 and am currently bid gtc at 750. Nothing has changed in PNC except for a poor trading statement. Now we don't know if its due to a corporate boikot of the company, a poor economy or a board that has decided to write off as much in this period essentially cleaning up the business. But at 160c EPS I would say a PE of 6 is justified given all the crap giving a value of say1000c. The ROE is still 20% which justifies a price in excess of the book value under normal circumstances.

[SoleTrader]

@ Merlin I actually bought Abil at 50c. It is suspended but Deutsche Bank has put out a note valuing the stock at 300c upon relisting. May take a while though.

For me investing is about upside return versus downside risk. I start building a position data level where I feel comfortable. And that was below 900c. And I added at 800 and at 700 and am currently bid gtc at 750. Nothing has changed in PNC except for a poor trading statement. Now we don't know if its due to a corporate boikot of the company, a poor economy or a board that has decided to write off as much in this period essentially cleaning up the business. But at 160c EPS I would say a PE of 6 is justified given all the crap giving a value of say1000c. The ROE is still 20% which justifies a price in excess of the book value under normal circumstances.

[M e r l i n]

Soletrader, Surely to have bought Pinnacle at 7.65 is better value than 8.75?

Say you were buying ABL all the way down to the cleaners @ 31c, that would not represent value surely.

BTW I am an investor not a trader - horses for courses they say

 

 

@Merlin. The difference between a trader and an investor is that the former focusses on momentum. I focus on value. Different strokes for different folks I guess !

[zoner]

Or long!? ... pulled back to 11%

[SoleTrader]

Took some more at 800 and some at 700

[Goliath]

Pinnacle share in free fall... down 22% so far this morning

 

Hope someone is short on this one..

[zoner]

Pinnacle share in free fall... down 22% so far this morning

[SoleTrader]

@Merlin. The difference between a trader and an investor is that the former focusses on momentum. I focus on value. Different strokes for different folks I guess !

[M e r l i n]

ST the accepted rule of thumb is never to buy a falling stock, only buy rising -

Initial position taken at 875c and I will build on it as it falls. Thank goodness I followed my own analysis and held back on entering earlier, although I was tempted! Recovery is however going to be slow, so more of a longer term investment at current levels

[M e r l i n]

Such a nice warm fuzzy feeling being able to say "I told you so", so who fancies to venture the bottom / re-entry level, basically a sound business contaminated by a bunch of bottom feeders for management, PE of 6 starts makes the stock start look attractive again - Share holders should send management on an integrity crash course.

What is significant is that Pinnacle closed below its 12 month low of 1100 today, it shall probably drop further to test another support level.

[SoleTrader]

Initial position taken at 875c and I will build on it as it falls. Thank goodness I followed my own analysis and held back on entering earlier, although I was tempted! Recovery is however going to be slow, so more of a longer term investment at current levels

[yusufm]

Below 900c. Entering buying territory. I am taking a small position

I see more downside in the next week. Will buy only once it starts trading below its NAV though...

[SoleTrader]

Below 900c. Entering buying territory. I am taking a small position

[gamma]

This one going down as well, management confidence shot so I wouldn't be surprised if it went the same way as African Bank, except no bailout but perhaps a buyout then

 

yep. good short