EISH. Variation margin must be bleeding you dry...
Posted 10 July 2017 - 10:12 PM
Posted 04 July 2017 - 01:10 PM
I have decided to take a R2 loss per share on two thirds of my holdings, selling at R63.30. This is contrary to my normal investment philosophy of being patient, especially with quality.
Reason 1 is I am worried about the apparel market, think it must be incredibly tough, and Woolworths still earns majority income from this, not food.
Reason 2, it is a small loss for me and there are some incredibly cheap small and mid cap shares I could allocate the capital to rather than leave it in Woolies which I feel may tread water for a long time.
Anyway, it is a gamble, Woolies will release update soon and if better than expected, share will likely rocket. So best look at your own portfolio before making decisions. Personally I am happy to have a bit of cash in the current market rather than Woolies.
Posted 30 June 2017 - 02:27 PM
trying to spot bottoms is a dangerous game, bud. Stay patient
You win some you lose some...
Posted 30 June 2017 - 02:10 PM
Thanks. I have seen from your older post in September last year that you sighted WHL to reach R60. How did you calculate this? My issue is that I hold CFDs that I bought and averaged down from a cost of R91 to R74 now. The exposure is worrying .
Posted 30 June 2017 - 12:23 PM
Not anytime soon I think - but not a bad idea to add a little more at these levels. I'm hoping it gets to under 60, then I will really add more to my position, and will keep adding the lower it goes. I got in around R70. Still a great company to hold LONG term
Posted 30 June 2017 - 09:27 AM
Wonder when they are going to turn around? I bought at R75.