501 replies to this topic

[SyndriN]

R20-00 support held and made a intraday wedge break. Should start running now.

 

You double up SyndriN?

Hi P

 

Noticed the support bounce multiple times today as well, i did double up yes at about 20c less than my calculation last night which i am happy about My first position is from 19.67ish 

[Pilotpilot]

Thanks P, lets hope PPC starts the week off with a bang, considering doubling position in AM

 

R20-00 support held and made a intraday wedge break. Should start running now.

 

You double up SyndriN?

[julzM]

Jse trades LDT on Friday,curious to see if if we have a boost running up into Friday!

[SyndriN]

Thanks P, lets hope PPC starts the week off with a bang, considering doubling position in AM

[Pilotpilot]

Evening everyone,

 

It's the 4th week of the portfolio and it starts with R276 900. The exposure per trade has now been increased to R55 000 / star rating on the trades.

 

There are 9 new shorts that has entered bear trends, and no longs that got triggered. I have added another position on SHF, as I now rate it a 3 star short trade.

 

The ALSI has now had 9 down days in a row, and is in very oversold territory. It is bound to have a bounce, but it should only be to test another broken support. For now the trend is still down and there is no sign yet of a turnaround. I will wait for the triggers to show the turnaround.

 

Of the running trades, it seems like the Platinum (and resource) shorts are going to have a bounce. Although they are still in the larger downtrend, I am hoping to re-enter these trades after the bounce.

ACL has run its course and i am closing this position.

 

Another share I am watching closely is JSE, but it still has not triggered a new bulltrend. Although it ended up on Friday, it is still going to test support.

 

I was of the oppinion that the goldshares were turning bullish, but they have just bounced, to test the resistance of their channels, and are not out of the woods. There could be some more upside for them for another day or two (when they test).

 

Happy trading

 

Pilot

Attached Files

•  Trending Shares (Week 23).xlsx   42.15KB   77 downloads

Edited by Pilotpilot, 31 May 2015 - 07:32 PM.

[Motion Picture]

Sorry, made a mistake with ACL closing price. Portfolio actually done R25 900 for the week (up 10,32%). Balance now  R276 900 after 3 weeks. (up 38,45%)

 

Excellent work Pilot. Well done my man

[Pilotpilot]

Attached is the weekly update.

 

This week the porfolio made a profit of R18100 (6,74%). This is not too bad after it had a dismal (and hectic) start to the week, with nearly all the shares we had, changing trend and new positions had to be taken. We also averaged a lower gearing than last week, which contributed to the lower return.

 

I would still like to do 10-20%, but prefer the lower gearing and will be happy with 5-15% in future. I think the portfolio will do better next week with all the positions in place.

 

We got the AGL trade today and missed the BIL trade by a whisker. I put them on the upper end as we already had good exposure. (Currently 6.5 gearing)

 

Of the running trades, PPC (long) was the star today and ACL (short) did well throughout the week. There is 16 short positions and 1 long position. 16/17 trades are in the positive with only LON, breaking trend today.

 

No trades were closed today, but I had my concerns over platinum shorts, LON especially. LON short was opened on 20 May and never really took the trend and made a break yesterday. I decided to keep it, because the other plat shorts were still just in trend. I will add exit prices for these before monday morning, if they broke.

 

Enjoy the weekend

 

P

 

Sorry, made a mistake with ACL closing price. Portfolio actually done R25 900 for the week (up 10,32%). Balance now  R276 900 after 3 weeks. (up 38,45%)

Attached Files

•  Trending Shares (Week 22).xlsx   42.61KB   38 downloads

[Pilotpilot]

Attached is the weekly update.

 

This week the porfolio made a profit of R18100 (6,74%). This is not too bad after it had a dismal (and hectic) start to the week, with nearly all the shares we had, changing trend and new positions had to be taken. We also averaged a lower gearing than last week, which contributed to the lower return.

 

I would still like to do 10-20%, but prefer the lower gearing and will be happy with 5-15% in future. I think the portfolio will do better next week with all the positions in place.

 

We got the AGL trade today and missed the BIL trade by a whisker. I put them on the upper end as we already had good exposure. (Currently 6.5 gearing)

 

Of the running trades, PPC (long) was the star today and ACL (short) did well throughout the week. There is 16 short positions and 1 long position. 16/17 trades are in the positive with only LON, breaking trend today.

 

No trades were closed today, but I had my concerns over platinum shorts, LON especially. LON short was opened on 20 May and never really took the trend and made a break yesterday. I decided to keep it, because the other plat shorts were still just in trend. I will add exit prices for these before monday morning, if they broke.

 

Enjoy the weekend

 

P

 

 

 

Attached Files

•  Trending Shares (Week 22).xlsx   43.07KB   16 downloads

[walter10]

Wow   Crazy volumes on PPC in auction!!!

 
39,5 mil shares traded in auction and 17,7 mil during the rest of the day, and it was the highest traded share before auction !!!

PPC was removed from MSCI index along with ASR. CPI, PSG and MND were added.

PPC price might have moved even higher had not been removed for index

Sent from my GT-I9190 using Sharenet Sharechat mobile app

[Pilotpilot]

Wow   Crazy volumes on PPC in auction!!!

 

39,5 mil shares traded in auction and 17,7 mil during the rest of the day, and it was the highest traded share before auction !!!

[Pilotpilot]

Wow   Crazy volumes on PPC in auction!!!

[Pilotpilot]

Sorry, posted wrong sheet. Had to delete post.

 

Attached is the updated sheet.

 

No new trades, just a little concerned on the platinum shorts. (might need to close today)

 

Regards

 

 

P

 

 

My concerns on the platinum shorts are confirmed. Will probably close these on monday, as they are following the gold shares and broke trend.

 

I will have a good look at these over the weekend.

[Pilotpilot]

I am adding PPC to the portfolio and it is a 4 star trade. I would like to give it 5 stars but it has not broken its 200d wma.

 

I am doing it at closing price this afternoon. It might retrace tomorrow to re-test the R18-88, bull support again, but I seriously doubt it. It has held up 3 days in a row, and this is a very steep uptrend. I would take the risk of the re-test but wouldn't like to miss the boat, if it runs hard tomorrow.

 

PPC and gold shares should go up tomorrow...........the rest of market should be going down. IMO.

 

Lets see! Go Greece!

 

PPC is trading very large volumes today and is the top volume traded on the JSE today. It is 2nd on the top volume density, only outdone by a share that has 7 trades   (SBAOIL).

 

I would like it to test the top of the upward channel again (around R24-00), to exit this trade. It is still on crazy long term divergance and is actually a keeper for the long term, but there will be plenty of long entries on this one.

 

The Gold shares are also doing much better than expected (HAR 7% up)   I'm keeping a close eye on these.

 

P

[ukshares]

Pilot,
Thanks for the info on ARL. If is tchnical it makes a bit sence.

[SyndriN]

AAANNNNND we almost back where we started       

[SyndriN]

Nice healthy portfolio increase to start the weekend!

 

Yeah in agreement with you but watching it like a hawk

[Pilotpilot]

PPC going good

 

Do you think BAT will see those high levels of R113 - R116 again ?

 

PPC of to a very good start today   !

 

BAT will surely see these levels again, it is actually on another support level and could even start moving from today. I would like to see the closing price today to confirm the next bull trend entry. It could also break lower and correct with the rest of the market.

 

P

[Pilotpilot]

Mornig Pilot,
Can someone inform me why ARL (Astral foods) with excellent harf year results+- 160% up and a low PE ratio compared to other food producers and recommended as a Buy are still falling in price.
thanks

 

Hi UK Shares

 

Only from a technical view, ARL has broken a recent support level and is testing it as a resistance level today @ R170-00.

See the chart attached. If it can break back above this level

 

In general on the market, the defensive stocks (Healthcare, Telecoms, Food Producers, etc.) has been leading the recovery of the market, over the last 6-7 years. The view is starting change and other shares are showing value, in comparison.

 

At the moment, my view is bearish, for just about the whole market (short term). I think most shares will test their long term support levels in near future.

 

At the moment there is fear in the market, and then fundamentals go out the window. I have seen this many times with corrections, and afterwards the markets recover and most people got their fingers burned and missed the turn after selling right at the bottom.

 

TFG also brought out descent figures yesterday and were thrashed 7% down.

 

The next support level on ARL is at the R150-00 level. It could test here, if this correction continues.

 

Hope it helps

 

 

P

Attached Files

•  ARL Break.docx   222.84KB   22 downloads

Edited by Pilotpilot, 29 May 2015 - 10:34 AM.

[SyndriN]

PPC going good

 

Do you think BAT will see those high levels of R113 - R116 again ?

[Pilotpilot]

Pilot, I also got into PPC at 19.68, so lets see  Did you not get into BAT? Got in there at 95 and out at 112. Given some back on one or two shorts that's stubborn though!!!

 

Very nice one on BAT, I missed the BAT-express . Was moving too fast