15225 replies to this topic

[woolhoff]

I agree R1.80 seems like a good point to exit for the current scenario.I bought in at 1.40 after selling at a huge loss at R1.60 a month ago.At the time, R1.60 seemed a good point given it was at 80 odd cents a few days prior.

In doing so I was able to buy the share 20cents cheaper and increase shareholding.

Edited by woolhoff, 04 March 2020 - 12:53 PM.

[Investment novice]

If you jumping at r1. 80...get ready to jump....

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[Motivated]

Sorry but every time there’s any upwards momentum everyone gets greedy and start talking R2 R3 etc yet this never happens and we all end up disappointed and people lose money.
The clear pattern this last month has been a drop from around R1,90. I sold 3 batches at R1,89 and got back in at R1,42 and R1,27 meaning i brought my ave share price from 2,10 to 1,78

If you’re in at R1,40 and don’t start taking some profit what happens if the pattern repeats tomorrow? You’ll most likely have to hold and carry the risk until the next big event.

I clearly remember polly setting a target of R2,13 quite some time back and I didn’t listen due to the hype on here and my own greed. From there this thing dropped to 80c...

My point is don’t listen to all the noise on here, look at the facts and make up your own mind.

I agree with you LarryK.  Too much speculation.

I have been holding tight and that reduced my loss by 30% instead of jumping around with this share lol....

[Investment novice]

Always pump and dump... There is no this time going to be different... Only saying watch the spikes...
Don't be greedy... If you want to sell at 170 go for it....

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[LarryK]

Now I hope I’m wrong, but so far this thing has been traded like a mofo and traders are still in charge of the share price. The issue I have is that we repeatedly fall for the “this time it’s gotta be different” and people have lost big money.

It hits 180 I start selling. Anything over 190 I’m happy. Can’t see this thing running up and forming a new base due to a relisting. I’m clueless when it comes to trading and that is why I seldom comment but okes be mindful of your comments on here as it can influence newbies

[Investment novice]

Never sure. Based on a Andis advice and from readings on index inclusion drew up a scenario... It played out...
Who can ever be sure in this market or in this environment let alone with this share.... I am piling and enjoying the ups and not the downs..... I am in for long haul... 5 to 10 years... I have eoh, and a few crazy high risky small caps..... As a proportion of my portfolio.. The rest and majority is low risk... Managed by investment house....

I am a Joe blog... Consider me a fool...

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[Lionelza1]

When you're included in index the shares are purchased as a lump sump..if you can't see.... See yesterday's demand graph.... If 10m available for share purchase... All r10m used to buy the index share based on the weighting of the fund.... This is probably small for snh due to risk..... But nonetheless.... A buy order.... The fact that it's worth so little..... Or so cheap... Means the buy for 10000 euros..... Results in a million shares purchased.... Thumbsuck.... Similar happened when excluded..... The share all but collapsed as high volumes of shares were available cheap
.....

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So ur 100% sure that the buy is due to possibility of snh being listed on sdax?

There has been a 10% loss on jse close compared to tradegate close yesterday.

[Investment novice]

When you're included in index the shares are purchased as a lump sump..if you can't see.... See yesterday's demand graph.... If 10m available for share purchase... All r10m used to buy the index share based on the weighting of the fund.... This is probably small for snh due to risk..... But nonetheless.... A buy order.... The fact that it's worth so little..... Or so cheap... Means the buy for 10000 euros..... Results in a million shares purchased.... Thumbsuck.... Similar happened when excluded..... The share all but collapsed as high volumes of shares were available cheap
.....

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[Lionelza1]

We expected volume demand based on Andis guidance. It came through. Demand drove price.
We going to see similar demand monthly from index funds until it plateaus.
If there is other news around positive collaboration with legal issues will see a massive pump, or ipo fever... Or just the run up to April results............

Xould also be that this is speculative share and people want on the band wagon for the new wave....but crazy share can incarese at 50% and drop just as fast


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I can't see how snh going into sdax will increase market demand if there's still so much uncertainty with this company.

But, I am a newbie so I will observe

[Investment novice]

We expected volume demand based on Andis guidance. It came through. Demand drove price.
We going to see similar demand monthly from index funds until it plateaus.
If there is other news around positive collaboration with legal issues will see a massive pump, or ipo fever... Or just the run up to April results............

Xould also be that this is speculative share and people want on the band wagon for the new wave....but crazy share can incarese at 50% and drop just as fast


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[Lionelza1]

Polly also said market does not like uncertainty.... And there's still way too much uncertainty here.. So all these gains we're seeing, could get klapped

Question tho.... Why r we seeing these gains?

[Lionelza1]

Sorry but every time there’s any upwards momentum everyone gets greedy and start talking R2 R3 etc yet this never happens and we all end up disappointed and people lose money.
The clear pattern this last month has been a drop from around R1,90. I sold 3 batches at R1,89 and got back in at R1,42 and R1,27 meaning i brought my ave share price from 2,10 to 1,78

If you’re in at R1,40 and don’t start taking some profit what happens if the pattern repeats tomorrow? You’ll most likely have to hold and carry the risk until the next big event.

I clearly remember polly setting a target of R2,13 quite some time back and I didn’t listen due to the hype on here and my own greed. From there this thing dropped to 80c...

My point is don’t listen to all the noise on here, look at the facts and make up your own mind.

100% brother.... And remember Polly also said market does not give any freebies.... U see green, take it

I guess every1 is seeing dollar signs on this share, it's not the case and I doubt it will be... U see green? Ka-ching baby.... Take profits and play for the next run

Lets check how today plays...

[Investment novice]

Recall on the pre q1`. I said exit at r1. 80 to r190... As most getting in at 80c would and rightly pointed that was the level.

Interesting now new base formed and index purchases gives more stability to share price when included... Yesterday's volume was not from short term traders, majority from investments in index.

The test will be the r2 level... Either hovers at r1. 90 or if goes through then potentially r240 then r3.

In euro terms this is a few cents... 0.13 is first target then 0.15... I think 0.17 could be approachable as we get to end March April....

Majority shares traded in frankfurt


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[LarryK]

Sorry but every time there’s any upwards momentum everyone gets greedy and start talking R2 R3 etc yet this never happens and we all end up disappointed and people lose money.
The clear pattern this last month has been a drop from around R1,90. I sold 3 batches at R1,89 and got back in at R1,42 and R1,27 meaning i brought my ave share price from 2,10 to 1,78

If you’re in at R1,40 and don’t start taking some profit what happens if the pattern repeats tomorrow? You’ll most likely have to hold and carry the risk until the next big event.

I clearly remember polly setting a target of R2,13 quite some time back and I didn’t listen due to the hype on here and my own greed. From there this thing dropped to 80c...

My point is don’t listen to all the noise on here, look at the facts and make up your own mind.

[Motivated]

Bought at R1.40...do I sell or hold?

I lost 500k with snh so on a recovery pursuit.

Hi Woolhoff, 

 

Sorry for your loss.

I am no expert but I held onto my shares for over a year and the loss dropped from around 60% to 30%.  I did not invest further in this share, neither did I average.

 

I will START averaging, something that I have not done.  I am fairly new.  Trading from 2018 but switched over to investing .  Learning patience.

 

 

Good Luck!

[Investment novice]

Bought at R1.40...do I sell or hold?

I lost 500k with snh so on a recovery pursuit.

I would hold and sell on the day results expected. There is good momentum and this is a penny stock.... Really cheap and should see nice volumes and steady climb.... Based on today's excitement....and maintained momentum we should see r2 broken by end of the week or next week and pushing to r2. 40...then even testing r3.... Depend g on April excitement as well as further info on ipo or debt repayment sens..... The levels that we are ucvostomed to... That is r1; R2' R3 are arbitrary with the penny stock and expect these to be breached with volume demand

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[woolhoff]

Thanks for your input Larry

Mate I’m no expert, but I’ve brought my average down by starting to sell smaller amounts as the price starts hitting resistance. I sold about 10% at R166 this afternoon and will look to sell some more around R180 and then R190

But it’s up to you.
I just feel I’d rather hedge my bets a little in case of a (probable) drop...

Anyway good luck

[woolhoff]

Decided not to sell today..

Hoping it will hit atleast R1.80 tomorrow..I will have an idea of where to place my sell based on the opening price.personally i however keep or sell everything to realise a profit and then I will buy again lower than what I sold in order to increase shareholding. My last resort with this mofo share!

[LarryK]

Maybe some more experienced traders can share some strategies?

[LarryK]

Mate I’m no expert, but I’ve brought my average down by starting to sell smaller amounts as the price starts hitting resistance. I sold about 10% at R166 this afternoon and will look to sell some more around R180 and then R190

But it’s up to you.
I just feel I’d rather hedge my bets a little in case of a (probable) drop...

Anyway good luck

Bought at R1.40...do I sell or hold?

I lost 500k with snh so on a recovery pursuit.