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Going up today


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#1 andi222

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Posted Yesterday, 09:31 AM

It will jump if it can just break 15,21 today


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#2 andi222

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Posted Yesterday, 09:29 AM

Agreed I think SGL will have a good run today


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#3 JK001

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Posted 17 April 2019 - 06:13 PM

Sibanye (SGL) and Amcu reached a peace agreement today. Share did go up 6.59%.  No further court cases (sorry for the lawyers) . Potential for it to rise further.  PGM up today with palladium 3% up (now 4%).  

 

Potential upside for Anglo Plat (AMS) because of PGM basket. 

 

If you look at Snippit's chart for gold you would see a possible wave 3 starting for gold.

 

News on one of the Vale mines getting court permission to open the mine that will help with the IRON supply issues.   price of iron ore went down to $88 and Kumba (KIO) went down 5% with it. See iron ore now at $93. BHP also took a 3% knock.  In both cases I think market overreacted.   Personally think iron ore would reach $100 / ton later this year.

 

If you want to hit all of above drivers in one shot then you can go for Anglo American PLC (AGL). 

 

Note - a stronger Rand has a negative affect on above assumptions. 

 

As always - your money - your choice - not financial advice from me at all - just observations.

 

Also see Argento's comments on Naspers on that threat - his assessments that I saw has been spot on to the T.  Naspers went through the 3620 resistance today and touched 3630.  holding thumbs that it will use 3620 as a support.

 

 

 

 

 

 


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#4 Brab

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Posted 16 April 2019 - 06:21 PM

Good work Andi- you nailed it.šŸ˜Š
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#5 Milo

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Posted 16 April 2019 - 05:04 PM

Hit resistance at 20 might pull back to 17


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#6 Rex

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Posted 16 April 2019 - 04:34 PM

Wow EOH ramped up today, is it too late to jump on the train?


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#7 Brab

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Posted 15 April 2019 - 10:16 AM

Think so too, and DLT
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#8 andi222

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Posted 15 April 2019 - 08:53 AM

EOH might have a good upside this week i think.


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#9 JK001

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Posted 11 April 2019 - 07:52 PM

think we will see some profit taking till after easter in general.

 

It is possible that Santova (SNV) will test R 2.90 (not sure if tomorrow though).

 

Commodities across the board seems to be taking some beating with the exception of iron ore. maybe Kumba?

 

For now think I will sit on the cash.


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#10 JK001

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Posted 11 April 2019 - 03:29 PM

Hey JK001, thanks for this, i think I might just take a gamble and order a small chunk now, and add more if it's looking promising.

Think ABSA will also have some movement today.

Any shares you feel strongly will go up?


Sorry Rex , first time online today. But did not have any feel good stocks for today anyway. Will check tonight if I note any potential movers
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#11 Brab

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Posted 11 April 2019 - 09:25 AM

ITU-?
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#12 Rex

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Posted 11 April 2019 - 08:20 AM

Hi Rex, palladium down 0,05%, gold up 0,5%, plat up 1,4%. but rand also 1% stronger. I see it did pick up a bit $4 to $4.15 in US market, so maybe some sideways action, obviously cannot say for sure. I suggest you check commodity and USD/ZAR exchange tomorrow morning. Am in it for the long as the CEO is known for cleaning up (also known as Mr-fix-it). I like his strategy and firm yet compassionate dealings with all stakeholders.


Hey JK001, thanks for this, i think I might just take a gamble and order a small chunk now, and add more if it's looking promising.

Think ABSA will also have some movement today.

Any shares you feel strongly will go up?
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#13 JK001

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Posted 10 April 2019 - 07:28 PM

Oh wow, that is quite some profit you made then , but it might still go down tomorrow, what do you think? Why don't you short it?

There are many stocks going up this month, just trying to pick the most lucrative ones

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Hi Rex, palladium down 0,05%, gold up 0,5%, plat up 1,4%.  but rand also 1% stronger.   I see it did pick up a bit $4 to $4.15 in US market, so maybe some sideways action, obviously cannot say for sure.  I suggest you check commodity and USD/ZAR exchange tomorrow morning.  Am in it for the long as the CEO is known for cleaning up (also known as Mr-fix-it).  I like his strategy and firm yet compassionate dealings with all stakeholders.


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#14 Rex

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Posted 10 April 2019 - 07:08 PM

Thanks Rex, but not to worry, bought R 150K SGL in December at just over R 8, so still handsomely up. The strike has been dragging on since then so I think it is priced in. the PGM (plat group metals) were down yesterday and the dollar weakened against the rand. That is why you will see amplats (AMS) down about 4% too. There was a SA PGM conference this week and I believe they have good plans to tighten supply and improve marketing of PGM products including making a platinum mandela coin (like the gold coins). BUT they have a lot of debt that they need to get rid off.

Good for you on MRP, stronger rand stronger retail and banks and vice versa (an observation).


Oh wow, that is quite some profit you made then šŸ˜, but it might still go down tomorrow, what do you think? Why don't you short it?

There are many stocks going up this month, just trying to pick the most lucrative ones

Sent from my SM-G965F using Sharenet Sharechat mobile app
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#15 JK001

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Posted 10 April 2019 - 05:27 PM

Eish sorry to hear, didn't know you had SGL shares, I might jump on the wagon tomorrow, it also crashed coz of the strike, I believe it will go up again.

I only have a medium chunk of MRP, but planing on selling half my portions tomorrow, have a hunch it might draw back on Friday.

Thanks Rex, but not to worry, bought R 150K SGL in December at just over R 8, so still handsomely up.   The strike has been dragging on since then so I think it is priced in.  the PGM (plat group metals) were down yesterday and the dollar weakened against the rand.  That is why you will see amplats (AMS) down about 4% too.  There was a SA PGM conference this week and I believe they have good plans to tighten supply and improve marketing of PGM products including making a platinum mandela coin (like the gold coins).  BUT they have a lot of debt that they need to get rid off.  

 

Good for you on MRP, stronger rand stronger retail and banks and vice versa (an observation).


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#16 Rex

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Posted 10 April 2019 - 04:30 PM

SGL did a bookbuilt to issue new shares and raise about R2 billion. Meaning current shares devaluated. I have a large chunk, so pretty pā€™d off. That said personally belief there is potential for upside if they can sort AMCU (actually a union war and SGL) the victim. Also if you belief platinum and or palladium price will maintain or grow . As a sweetener they did say they intended starting to pay divends . Just opinion.

Rex , see earlier note on MRP. It now broke through the 196 resistance. If it now keep that as a support it should continue to go up. Theory.

 

Eish sorry to hear, didn't know you had SGL shares, I might jump on the wagon tomorrow, it also crashed coz of the strike, I believe it will go up again.

I only have a medium chunk of MRP, but planing on selling half my portions tomorrow, have a hunch it might draw back on Friday.


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#17 JK001

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Posted 10 April 2019 - 03:58 PM

Anyone think if Sibanye would be a good buy today? it crashed a lot

SGL did a bookbuilt to issue new shares and raise about R2 billion. Meaning current shares devaluated. I have a large chunk, so pretty pā€™d off. That said personally belief there is potential for upside if they can sort AMCU (actually a union war and SGL) the victim. Also if you belief platinum and or palladium price will maintain or grow . As a sweetener they did say they intended starting to pay divends . Just opinion.

Rex , see earlier note on MRP. It now broke through the 196 resistance. If it now keep that as a support it should continue to go up. Theory.

Edited by JK001, 10 April 2019 - 03:59 PM.

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#18 Rex

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Posted 10 April 2019 - 03:44 PM

Good one Midas see JBL up more than 8%.
See MRP going South. SGL still astounding

 

MRP did well today, I'm so glad :D


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#19 soutie

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Posted 10 April 2019 - 01:16 PM

Apply 3 rule Re;SGL...Me thinks. 


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Anyone need a heads up...!


#20 Rex

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Posted 10 April 2019 - 10:24 AM

Anyone think if Sibanye would be a good buy today? it crashed a lot


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