15225 replies to this topic

[Snippit]

Pattern similarities... I see the proportional projection already there... 

 

Looking for ii using equal legs abc gives 220

Expecting ii will be not above a (242)

Proportional to the big wave of (i) the top-down projection for ii is 236.5

 

https://jsecharts.bl...hoff-snh_8.html

 

 

 

[LarryK]

If only we all traded this share over the past 2 months! Would be sitting tight :-)

Should have sold around R3,75 and bought in again under R2.00
Would have been a different ball game

[LarryK]

I’d like to trade some shares the next month.
Anyone with a good trading plan feel free to share?

I see around R2,10-R2.25 is entry level.
What level would you sell at?

I think once/if we cross R3 resistance we can see a possible bull run?

[woolhoff]

If only we all traded this share over the past 2 months! Would be sitting tight :-)

[woolhoff]

Thanks..have thought that but will see.. as im certain this share going to 7 in future anyway

We all hope so.

[Ms Jet]

Dont forget mr tax man...with in out transactions..loss a right off but profit can 0ush you into higher tax...if you transact after feb 2019 new financial year..

[Ms Jet]

Thanks..have thought that but will see.. as im certain this share going to 7 in future anyway

[woolhoff]

2.50 was my price on snippit s last graph...no im hoping at about 2.30 and buying about 100000 rand worth bring my average to about 2.95 so im still seriously negative but it will get there..i haven't set a biy price today im just watching whats happening but just seems be traders up and downs snd small volumes

Balls of steel mate! Thats what it takes to be invested in this share.And youve got it :-) R2.95 is within arms length and we should see that range again by next month for the latest.If I were you, I would dispose of everything once I break even, and then buy back in around R2.50..That way you stand to increase share holding for the same value and maximise profit earnings come December.

Edited by woolhoff, 10 September 2018 - 11:11 AM.

[Ms Jet]

2.50 was my price on snippit s last graph...no im hoping at about 2.30 and buying about 100000 rand worth bring my average to about 2.95 so im still seriously negative but it will get there..i haven't set a biy price today im just watching whats happening but just seems be traders up and downs snd small volumes

[Ms Jet]

Yes and lot pf us want buy more so in that respect good..i have feeling we going here of m firm sale within a month and shares going up...they are trying find a buyer and current supplier i believe trying to buy...thatll be bad debt gone....seperately even if i have to eat my words i don't believe dr w getting any of his claim

[woolhoff]

Jet have you grabbed more shares already as you said you were going to at R2.50?
Low for today is 2.36...I would put a limit buy at 2.30 if you havent bought akready.Every cent counts when youre trading big volumes!

[Rex]

Price fell a bit already...

[Ms Jet]

Just interesting to see different takes on this...i do think dr w, made claim to try make himself look like a victim in advance as he knew they were coming for him...its quite a common ploy...try and dilute sny of your wrong doing

[realkingkam]

So weise took a multi billion rand knock to cover his ass ? Unlikely he would be better off if he sold prior to the crises and used not even half of that to cover his ass legally

[Ms Jet]

Interesting comments on moneyweb.co.za this am.....Jooste did not “engineer the crisis” – he made a bad call with Seiffert – BUT (and I know we all want to find a scapegoat) this was done with the approval of the Supervisory Board – lately chaired by Wiese.
I have some experience with supervisory boards in Germany – and they have real power but also very onerous responsibilities.

I would rather focus on getting behind why Wiese called Jooste’s bluff and forced him to resign – cutting off ALL contact and removing all info and data – overnight – and then blame Jooste the next day.
Wiese either had prior knowledge (contrary to his denial in Parliament) or he had a knee jerk reaction.
My money says that Wiese (Superv board Chair) and Booysen (audit chair) knew things were not going well and decided to get Jooste out and blame him.
Remember – all deals are subject to Supervis board approval
Also, all audits fall under Audit committee
Jooste would be required to deliver input -but he certainly would not be allowed to drive the processes alone.

My advice to journalists and Parliament is to get the

[Ms Jet]

I think polly idea of zero not off a chart..its her opinion that snh is worth nothing

[woolhoff]

My prediction:This weeks share price going to drop until we get resistance.Not sure at which point this will be but my gut feel around R2.10

Imo,the next trading opportunity will arise next week out of the lenders meeting to be held the entire day over 2 sessions on Thurs,20 September.Market will hope for a favourable outcome on Friday in anticipation of sens outcome and share price will rise about 5-10% max and then stay stagnant and could drop again in the afternoon.

Im going to jump back onboard once i see the resistance point and buy about 200 000 shares and then hope to sell next friday.This is my action plan to recover my R170k loss on this share.If I buy at R2.20 and sell at R2.65 will make about R90k profit excl trading fees on 200 000 shares @ 45c profit per share.If im successful and thats a BIG IF, then I need 1 more trade to break even.

[woolhoff]

When pwc and q 4 report comes out end dec unless steinhoff bust thats when youll see the big increases and hard buy in again cheap...im hoing hold through that as lenders have a very good inkling of debt allready as wouldn't signed 3 year agreement without being pretty sure....thes are huge institutes and lot cross checking before they agreed hence the delays...

Good point Jet...Lets hope youre right!

[woolhoff]

When pwc and q 4 report comes out end dec unless steinhoff bust thats when youll see the big increases and hard buy in again cheap...im hoing hold through that as lenders have a very good inkling of debt allready as wouldn't signed 3 year agreement without being pretty sure....thes are huge institutes and lot cross checking before they agreed hence the delays...

Good point Jet...Lets hope youre right!

[woolhoff]

I think Snippits chart says low R2. 25 then it seems like it would develop.... His previous chart said zilcho.....which is Pollys big fat ZERO lol.

So if the previous chart said 0 and didnt materialise, whats to say R2.25 is an accurate predictor?