15225 replies to this topic

[leo]

Any speculations about tomorrow?

Don't know, first wait and see a little. Bias for me is still short.

Key for me, check the range, short at the top and keep adjusting the stop loss the whole time, keep about 3 points differential. Don't be too greedy, as it's zig zags.

Repeat

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[Tom]

If it wasn't the restructuring update that killed it today, then it's the Pepkor update.

 

Steinhoff trade update should be coming within a week or two.

Edited by Tom, 20 November 2018 - 05:30 PM.

[leo]

It just happens everyday, a lot of it are machines, they go before the SENS even reach normal people.

Welcome to short sellers paradise.

The update from Pepkor South Africa wasn't as good as last year (but at least they have results), and the restructuring is not moving as expected (but at least it's moving).

Are we expecting to see 170c or 160c again ?

It's possible...

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[Tom]

Any speculations about tomorrow?

Edited by Tom, 20 November 2018 - 05:27 PM.

[Tom]

I want to pump more money in, but worried that all goes bust.

[Tom]

For a change, i nailed this share, the ups and the downs.

How many times have we seen these patterns....over and over.

 

It just happens everyday, a lot of it are machines, they go before the SENS even reach normal people.

 

Welcome to short sellers paradise.

 

The update from Pepkor South Africa wasn't as good as last year (but at least they have results), and the restructuring is not moving as expected (but at least it's moving).

 

Are we expecting to see 170c or 160c again ?

Edited by Tom, 20 November 2018 - 05:17 PM.

[Lionelza1]

Yea Leo... Steinhoff is taking the market on their journey to recovery... Ups and downs... More downs than ups... Shudve suspended this share until they sort their kak out

This thing is just weird yooohhh

I'm still holding.... Hopefully my balls don't fall off haha.

Well done on ur play

[leo]

For a change, i nailed this share, the ups and the downs.

How many times have we seen these patterns....over and over.

[leo]

Hahhaa.

[Ms Jet]

Maybe this will help

Attached Files

•  Durban Poisen.jpg   53.08KB   12 downloads

[DayTraderDad]

Slow poison boys. That's the reason why i went cfd, so you can play the downside.

Not gloating, jusy saying. We all know this is a kak share

Hahah lekker to make money out of Kak

[leo]

Slow poison boys. That's the reason why i went cfd, so you can play the downside.

Not gloating, jusy saying. We all know this is a kak share

[DayTraderDad]

I've got a short bias today. So shorting from 197 or 198. Close out at 192 3.

Not going long

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Well done Leo you read the market well looks like a very red day world wide Naspers 7% down!

[leo]

Where is Investment Novice??

Knock knock

[Tom]

Do you guys really think Titan Premier Investments Pty Ltd (Wiese company) would buy 132 mil shares at about R2.40 in September waiting for bad news from PwC report?

Wiese has said it clear, that: "Steinhoff is not smoke and mirrors", that there's real business instruments in Steinhoff".

And that's why they're doing mistakes and unable to know or predict what to expect, especially that they're doing this restructuring for the first time, and that's why they've hired experts to help them, while some business like Madoff's didn't do any mistake, because he didn't have any underlying business.

As for the liquidity, Steinhoff is mainly a retail group, and that's why they always need loads of liquidity to keep bumping their show rooms with items to sell, their yearly revenue is about than 13 billion euros which is more than many other retailer groups.

As for the debt, this year most of companies, especially the American companies have taken a record number loans amounts, although Steinhoff have a relatively high amount of debt, but there are many companies that have higher.

As for the court cases, Steinhoff (owned by the shareholders is a victim), and those who may have committed any wrong doing have done it absolutely without Steinhoff NV consent, and Steihoff will open cases against them in order to recover any money due.

Edited by Tom, 20 November 2018 - 03:01 PM.

[leo]

I sold just now.
What's your buy target?

I've got a short bias today. So shorting from 197 or 198. Close out at 192 3.

Not going long

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[leo]

I really don't know...

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[DayTraderDad]

I sold just now.

What's your buy target?

Do you guys really think Titan Premier Investments Pty Ltd (Wiese company) would buy 132 mil shares at about R2.40 in September waiting for bad news from PwC report?

[DayTraderDad]

Good article: http://www.nebenwert...rd-das-noch-was

[Tom]

Staying put for now. This skitso share can do anything. Will short after, if any info comes out.

I sold just now.

What's your buy target?

Edited by Tom, 20 November 2018 - 01:09 PM.