116 replies to this topic

[jayball]

yep...battered and bruised!!

My only hope is that everyone took the opportunity to make up for it today.

[HDB]

Like our longs yesterday...  !

yep...battered and bruised!!

[jayball]

seems like every shorter had to run for the door with tails between his legs

Like our longs yesterday...  !

[HDB]

seems like every shorter had to run for the door with tails between his legs

[HDB]

auction in progress...

 

Alsi could move big time either way at 12.30pm

 

trade with caution...

check whats happening out there...

[HDB]

auction in progress...

 

Alsi could move big time either way at 12.30pm

 

trade with caution...

[HDB]

"Stocks are closing higher after the Federal Reserve said the U.S. economy was doing well enough for the central bank to make further reductions to its stimulus program" 

 

Bloody joke!!!   

[HDB]

I see the pound is at 18,09, that will prop have big impact it it stays like that<br /><br /><br />Sent from my SM-P601 using Sharenet Sharechat mobile app<br /><br />

Definitely....but dont trust these guys!!

 

Come 9am and it will shoot up to R18.30 again!!

 

So no shorts till 9am tomorrow!!

[CPvanWyk]

I see the pound is at 18,09, that will prop have big impact it it stays like that<br /><br /><br />Sent from my SM-P601 using Sharenet Sharechat mobile app<br /><br />

[Plasma]

Yip...kicked off well and the degenerated into ^%}|%|

i lost 600pips today on 3 longs!! Could have been in the money now if i held!!

Damn these thugs!!

Well will have to come back hard tomorrow!!!

Now i think of Deltas advise : Never close at a loss!!!

Same feeling here...me lost 300 something pips...watching the market return were I was....ouch!

But yes, tomorrow we will have victory again!

[HDB]

and i promise you that if anyone thinks of going short now.......Th dow futures will be up 30 points when our market opens at 9 am!!!!

[HDB]

Yip...kicked off well and the degenerated into ^%}|%|

i lost 600pips today on 3 longs!! Could have been in the money now if i held!! 

 

Damn these thugs!!

 

Well will have to come back hard tomorrow!!!

 

Now i think of Deltas  advise : Never close at a loss!!!

[Plasma]

Today was one freaky stressful trading day, now who needs more tomorrow!!!!!

Yip...kicked off well and the degenerated into ^%}|%|

[HDB]

Today was one freaky stressful trading day, now who needs more  tomorrow!!!!!   

[RusQ]

Wat can we generally expect on a day that the futures closes out?

in my experience, the close out/rollover has minuscule influence on the price (apart from relatively small excursions from fair value at small time scales).

 

the last two days saw big volumes in both the jun and sep contracts. what is left will 'probably" roll over - eg today, the jun contract traded consistently above fair value and the sep one followed tightly. does this mean anything?

 

dunno, i left mine to rollover. my broker does this with no occurrence of brokerage charges.

 

best now...

[Qbre77]

ok, thanks for insight 

[AJS]

Today from the morning it looked like guys were taking profits off the table on all the local shares on the bourse...ie not rolling forward their contracts!!

 

I may be wrong buy usually  those who do not want to roll foward contracts, this is usually sold off in market day before!!

 

So tomorrow may be pure roll over for those who want to carry on holding... Dont think it will effect much in this scenario!!

 

 

My 2 c but i could be wrong because i do not play SSFs

 

True - could clearly see some funny action on a few counters and I really think futures close-out, option structures etc. played a role.

[HDB]

Wat can we generally expect on a day that the futures closes out?

Today from the morning it looked like guys were taking profits off the table on all the local shares on the bourse...ie not rolling forward their contracts!!

 

I may be wrong buy usually  those who do not want to roll foward contracts, this is usually sold off in market day before!!

 

So tomorrow may be pure roll over for those who want to carry on holding... Dont think it will effect much in this scenario!!

 

 

My 2 c but i could be wrong because i do not play SSFs

[Qbre77]

Wat can we generally expect on a day that the futures closes out?

[RusQ]

Guys,

Is it standard and a JSE requirement that a company release a trading update?
In particular, I ask about WSL?

What HDB said - according to JSE listing requirements :

 

( b ) Trading statements

All issuers, other than those who publish quarterly results, must comply

with the detailed requirements of paragraph 3.4( b )(i) to (viii). Issuers with a

policy of publishing quarterly results must comply with the general

principles contained in paragraph 3.4( b )(ix), but may also elect to comply

with paragraph 3.4( b )(i) to (viii) on a voluntary basis.

(i) Issuers must publish a trading statement as soon as they are satisfied

that a reasonable degree of certainty exists (refer to 3.4( b )(ii)) that

the financial results (refer to 3.4( b )(vi)) for the period to be reported

upon next will differ by at least 20% (or 15% if paragraph

3.4( b )(vii) is applicable) from the most recent of the following

(collectively referred to as the “base information”):

(1) the financial results for the previous corresponding period; or

(2) a profit forecast (in terms of paragraphs 8.35 to 8.44)

previously provided to the market in relation to such period.

Issuers may publish a trading statement if the differences

referred to in 3.4( b )(i) are less than 20% (or 15% if paragraph

3.4( b )(vii) is applicable), but which are viewed by the issuer as

being important enough to be made the subject of a trading

statement.

 

WSL last issued a trading update on 11 Oct 2013. Does not seem that they issue quarterly results...

 

edited to get rid of smileys!

Edited by RusQ, 18 June 2014 - 11:15 AM.