15225 replies to this topic

[Ms Jet]

Thanks....im heavily invested so appreciate the clear info...

[Investment novice]

Happy for any south African that got out with a profit and got back in to make another round of profit.

Have many friends who got in at R1.10 and out at R3.40-R3.70. not a single that got the R3.80...majority around R3.40. Based on cup and handle theory, and expectation that all that got in did so mainly for the upside and not really as an investment.

the good news is that the share volumes traded was not in excess of 200 or 300 million indicating over selling and concern on company as we saw in December- volume sin keeping with the uptrend initiated 2 to 3 weeks- overselling would have been another worry

 

expect some ups and downs going forward- but at least until august results expect up ward momentum

Price Target- just some additional information from the web.....

Add the height of the cup to the breakout point on the handle. This provides an estimated target for the next advance.

As discussed in the cup and handle reversal section, uptrends can last for years. The target represents a target for the next rally, but that target could be exceeded as the long-term uptrend unfolds.

 

in Frankfurt- top of cup 0.25; bottom of handle at 0.14.... therefore can expect next advance back to 0.25 and thereafter beyond- I used Frankfurt as majority trade volume ..

we could see SA share price back to 3.50 today, rally tomorrow to R4.20 then a pull back Monday with further energy towards end of the week with new money coming in- can this share break R4.00---time will tell

 

 

 

Read more: Analyzing Chart Patterns: Cup And Handle https://www.investop...p#ixzz5MFgDL4Oe
 

 

[Investment novice]

Happy for any south African that got out with a profit and got back in to make another round of profit.

Have many friends who got in at R1.10 and out at R3.40-R3.70. not a single that got the R3.80...majority around R3.40. Based on cup and handle theory, and expectation that all that got in did so mainly for the upside and not really as an investment.

the good news is that the share volumes traded was not in excess of 200 or 300 million indicating over selling and concern on company as we saw in December- volume sin keeping with the uptrend initiated 2 to 3 weeks- overselling would have been another worry

 

expect some ups and downs going forward- but at least until august results expect up ward momentum

 

 

 

[Spell Jammer]

I got out at R2.50 at a 30K profit. There is simply too much uncertainty around this share and ive found myself unnecessarily glued to the screen of my computer in anxiety and questioning my sanity in investing in this company. This is not for the feint hearted, fortune certainly favours the brave in this instance. Hope that the guys who got in in the high R3 mark breakeven soon. 

[Spell Jammer]

I got out at R2.50 at a 30K profit. There is simply too much uncertainty around this share and ive found myself unnecessarily glued to the screen of my computer in anxiety and questioning my sanity in investing in this company. This is not for the feint hearted, fortune certainly favours the brave in this instance. Hope that the guys who got in in the high R3 mark breakeven soon. 

[Investment novice]

the trades you saw and the volatility was fantastic trading opportunity- Polly last week alluded to the base of the cup, I wrote further on it and explained a handle will form. this was further reinforced by the wedge pattern and Snippits technical on the weekend. we could not say buy or sell- but could indicate to the trader the opportunity...

 

for investors like me- I did not trade the share- even though it was a wonderful opportunity to increase holding by 30%- can never be guaranteed- and I don't want the tax burden.

 

as a company- I truly believe that the discount on this share is warranted, but there is massive upside opportunity because the operations are good and that they have an end to end model that could be very attractive to an online rich buyer- also debt can always be refinanced and part paid and ...and...and

 

true company may not always be represented by the share price---question if there was a buy offer on this company or the creditors looking to take all the shares- what would the share price reach- I think easy R12 . this thought justifies continued investment and of course own personal corporate experience and understanding of how the wheels turn and the Greece required- all speculative of course

 

 

 

[Ms Jet]

Im positive as well..i don't believe snh would still be operating if np hope.just hope august results are palatable and dont send the share flying doen again..does anyone have any idea how tge company is doing sales and profit wise?

[Ms Jet]

Im positive as well..i don't believe snh would still be operating if np hope.just hope august results are palatable and dont send the share flying doen again..does anyone have any idea how tge company is doing sales and profit wise?

[LarryK]

I still believe we are in a better position now compared to a month ago.

Even though share price has fallen, there was more than 46 million shares traded yesterday. Enough buyers saw value in spending a total of more than R100million buying these.

 

In retrospect the share bump last Thursday was probably due to shorts being covered.

 

Also, correct me if I'm wrong, but a lot of investment companies etc won't/can't buy snh shares until the audited results are published?

[Investment novice]

So wave 3 is an uptrend.... And it's a buy indicator... As per the readings on elliot waves... Lol... Snippit thanks for the reading...

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[Snippit]

Is that a wedge downtrend indicating a correction is imminent. Talks to cup and handle and upswing.... Noteworthy for traders... For investors... Nada

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To me the chart pattern is now with wave (ii) complete, but this is not trading advice. To me it is time to be quick whilst it is less likely to be made dead. 

At least that is the advice I am giving myself, and I would not take any other advice even if I prove to be wrong. Anyway, wave (iii) is my favourite.

[Investment novice]

This stock should have been suspended....

Companies don't go under because of accounting representation... Positive cash flows... Profits... Excessive debt that is locked up... Lots of legal liabilities that may not require settlement....
Going concern... Australian business excluding all others is worth a few rand... Highly speculative trade with base formed and uncertain upside meaning that r7 is achievable... Unrealistic but achievable....

Timing market versus time in market... Technicals point to recovery and correction but stregnth of selling still a concern..... Anything goes with this share....

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[Ms Jet]

So will you sell at 2.50? Im wondering in long term if this share will come up again or if i should sell out at a loss...mine are 3.21...any advise anyone? I can wait if necessary but not sure what a realistic expected price to sell ar would be in time?

[SoleTrader]

I took some at 200c. Totally speculative IMO. Let's see a quick 25%. Technically she's insolvent, but the newsflow is improving

[Investment novice]

Charting...

https://jsecharts.bl...-steinhoff.html

Is that a wedge downtrend indicating a correction is imminent. Talks to cup and handle and upswing.... Noteworthy for traders... For investors... Nada

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[Snippit]

Charting...

 

https://jsecharts.bl...-steinhoff.html

 

[Ms Jet]

Could this drop be re steinhoff book and worries re sars? Or am i off track

[leo]

Whats going on....

Traders taking profits... They have no interest in the company only the trade... As they see there profits fall they more willing to sell on auction. Large volume of auction and computer trades especially frankfurt.....shares are being dumped... But hey there is buyer interest....

But hey... Again.. The market may know something we are in the dark about... And are dumping to run for the hills....

I will be one of this mopping up...

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Wait 1 more day before buying in?

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[Snippit]

A seldom mentioned retrace point that is often in the frame occurs at the midpoint between the 38.2% and 100%, which is at 69.1% and translates to 192 c which happens to be... 

[Investment novice]

Is the company going under or something?

Sent from my SM-G935F using Sharenet Sharechat mobile app

Whats going on....

Traders taking profits... They have no interest in the company only the trade... As they see there profits fall they more willing to sell on auction. Large volume of auction and computer trades especially frankfurt.....shares are being dumped... But hey there is buyer interest....

But hey... Again.. The market may know something we are in the dark about... And are dumping to run for the hills....

I will be one of this mopping up...

Sent from my SM-G950F using Sharenet Sharechat mobile app