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#101 JK001

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Posted 05 October 2018 - 09:55 AM

closed now for 50p gain. Not taking any chances with NFP day

Three Inside Up Candlestick Pattern yesterday on ALSI40.  Think we are going to clash heads again today.


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#102 Polly

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Posted 05 October 2018 - 07:44 AM

not done yet...short alsi @ 48880

closed now for 50p gain. Not taking any chances with NFP day


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#103 JK001

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Posted 04 October 2018 - 08:48 PM

 Yep as of today  21.069%

Nasdaq down 2.27%.  Bet those automated stop-losses are kicking in like crazy


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#104 Polly

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Posted 04 October 2018 - 08:43 PM

you'll be ok with your short, nasdaq and Dow not fairing well. Tencent and Naspers get a beating with them. NPN supports about 20% ALSI 40.  Wish you were wrong though.

 Yep as of today  21.069%


Edited by Polly, 04 October 2018 - 08:43 PM.

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#105 JK001

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Posted 04 October 2018 - 07:37 PM

back to green.hoping for at least 400

you'll be ok with your short, nasdaq and Dow not fairing well. Tencent and Naspers get a beating with them. NPN supports about 20% ALSI 40.  Wish you were wrong though.


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#106 Polly

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Posted 04 October 2018 - 04:21 PM

not done yet...short alsi @ 48880

back to green.hoping for at least 400


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#107 Polly

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Posted 04 October 2018 - 02:21 PM


 

stopped trading snh a month or 2 ago....better opportunities elsewhere for time being....But if opportunity comes, ill gladly  take it....


Edited by Polly, 04 October 2018 - 02:21 PM.

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#108 Polly

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Posted 04 October 2018 - 02:18 PM

Hahaha... Well u guys know ur stories.... Think Polly also in a good mood coz she made some ka-ching

not done yet...short alsi @ 48880


Edited by Polly, 04 October 2018 - 02:18 PM.

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#109 Motivated

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Posted 04 October 2018 - 02:17 PM

Yes but patience required....will still get cheaper some stocks as can be seen today...month is still early....watch alsi for direction...

Hi, 

 

I didn't know about this...will keep this in mind for the future...

I kind of spread my ka-ching around different equities to lower risk...lets hope it helps...

I would have waited had I known....

I like Greek Mythology lol...

 

M


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#110 Motivated

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Posted 04 October 2018 - 02:14 PM

Great place for newbies to be.... Awesome advice from u guys 100% on timing and patience.....Polly plse stop shorting snh as I need it to up then I can cash and go in peace :D

Hi Lionel, 

 

I agree.  We lucky as newbies to have them around :)

 

M


Edited by Motivated, 04 October 2018 - 02:15 PM.

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#111 Lionelza1

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Posted 04 October 2018 - 01:23 PM

Hahaha... Well u guys know ur stories.... Think Polly also in a good mood coz she made some ka-ching
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#112 JK001

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Posted 04 October 2018 - 01:18 PM

 

agree 100% BUT still got to see big picture before you invest. At moment bears totally in control and who knows we could still get a major correction or even a crash. Trade with caution advised.  been there twice before ( crash) and i know what it feels. Doors get closed on you with concrete and you cant sell as system crashes etc.

 

Lionel, forget about having the party on SNH on R 4.00 - let's have one now, since myself and polly agreed (even only once). That may change soon again :-)
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#113 Lionelza1

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Posted 04 October 2018 - 01:07 PM

Great place for newbies to be.... Awesome advice from u guys 100% on timing and patience.....Polly plse stop shorting snh as I need it to up then I can cash and go in peace :D
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#114 Polly

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Posted 04 October 2018 - 01:01 PM

forgot to add that during these times nice to keep your powder dry IE bee cash flush as once in a lifetime bargains may start appearing especially the blue chips.


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#115 Polly

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Posted 04 October 2018 - 12:57 PM

   

Polly you are a trader, you buy/sell long and shorts. From an investor perspective there are many shares that is a good buy for each of these conditions. Regrettably we are on the Choppies post and not something I would invest in for several reasons and none of them listed in previous post.

And no Polly you are not right - your initial claims were that September and October are not good times to invest. I stick to my guns that your statement is mythical.

Off course you are right when you say timing is important, like stating the obvious.

Thus, if there is a share that is cheap (and currently many shares in SA is undervalued). Then it is a good time to invest regardless if it is September or October. A couple of points up or down while short sellers make a living is irrelevant in the long run. Specially if you do monthly investments into a specific portfolio of shares.

Oil will retract to between $65 and $75, Trump and China will make peace, China strategy to lower duties for other trading partners may just pull the rabbit out of the hat. Rand may strengthen as policies are falling into place one by one. FED plan to raise rates more next year. There is at this point no drought expected this year. Things actually are looking pretty rosy from where I am sitting.

In my humble opinion, it is never a bad time to invest in quality shares. And nothing wrong to take a punt now and again depending on your risk appetite.

I myself don't worry about whether it is full moon, september or october, I personally prefer the facts.

 

 

agree 100% BUT still got to see big picture before you invest. At moment bears totally in control and who knows we could still get a major correction or even a crash. Trade with caution advised.  been there twice before ( crash) and i know what it feels. Doors get closed on you with concrete and you cant sell as system crashes etc.


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#116 Polly

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Posted 04 October 2018 - 12:54 PM

Wouldn't this make sept and October good months to buy as ur buying “cheap“?

Yes but patience required....will still get cheaper some stocks as can be seen today...month is still early....watch alsi for direction...


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#117 JK001

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Posted 04 October 2018 - 12:32 PM

 

So i was correct then..Thank you.
 
I said look at big picture. Includes all that. Perfect storm including US treasury rates and interest rate hike. And the seasonal cycle. Why do you think i was negative September and October but you were promoting buying of shares. Come November perfect time to get back in for Xmas rally. 
 
Anyway i am out of all my short positions and smiling. In fact i went long top 40 last night and this morning and made a few. So time to long and short .(nothing about negative person as time for everything)
 
Lesson for newbies.
 
Sometimes ones got to sit back and smell the roses before investing into shares. Timing is critical.

 

Polly you are a trader, you buy/sell long and shorts. From an investor perspective there are many shares that is a good buy for each of these conditions. Regrettably we are on the Choppies post and not something I would invest in for several reasons and none of them listed in previous post.

And no Polly you are not right - your initial claims were that September and October are not good times to invest. I stick to my guns that your statement is mythical.

Off course you are right when you say timing is important, like stating the obvious.

Thus, if there is a share that is cheap (and currently many shares in SA is undervalued). Then it is a good time to invest regardless if it is September or October. A couple of points up or down while short sellers make a living is irrelevant in the long run. Specially if you do monthly investments into a specific portfolio of shares.

Oil will retract to between $65 and $75, Trump and China will make peace, China strategy to lower duties for other trading partners may just pull the rabbit out of the hat. Rand may strengthen as policies are falling into place one by one. FED plan to raise rates more next year. There is at this point no drought expected this year. Things actually are looking pretty rosy from where I am sitting.

In my humble opinion, it is never a bad time to invest in quality shares. And nothing wrong to take a punt now and again depending on your risk appetite.

I myself don't worry about whether it is full moon, september or october, I personally prefer the facts.
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#118 Lionelza1

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Posted 04 October 2018 - 12:15 PM

Wouldn't this make sept and October good months to buy as ur buying “cheap“?
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#119 Polly

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Posted 04 October 2018 - 11:43 AM

Got nothing to do with October though, then you might as well believe in the easter bunny. It has to do with Rand vs.$ or better $ against emerging economies. GDP growth or lack thereof. ANC Inc Policies and tax squeeze including VAT increase. Trump bullying China to soften up before talks. OPEC and Russia manipulating Oil price. Consumer fatigue. just a perfect storm - unless all these conspired to make it happen in October :-)

So i was correct then..Thank you.

 

I said look at big picture. Includes all that. Perfect storm including US treasury rates and interest rate hike. And the seasonal cycle. Why do you think i was negative September and October but you were promoting buying of shares. Come November perfect time to get back in for Xmas rally. 

 

Anyway i am out of all my short positions and smiling. In fact i went long top 40 last night and this morning and made a few. So time to long and short .(nothing about negative person as time for everything)

 

Lesson for newbies.

 

Sometimes ones got to sit back and smell the roses before investing into shares. Timing is critical.


Edited by Polly, 04 October 2018 - 11:44 AM.

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#120 JK001

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Posted 04 October 2018 - 11:33 AM

Got nothing to do with October though, then you might as well believe in the easter bunny. It has to do with Rand vs.$ or better $ against emerging economies. GDP growth or lack thereof. ANC Inc Policies and tax squeeze including VAT increase. Trump bullying China to soften up before talks. OPEC and Russia manipulating Oil price. Consumer fatigue. just a perfect storm - unless all these conspired to make it happen in October :-)
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