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Steinhoff New clean thread.....


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#181 Polly

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Posted 25 May 2019 - 10:24 AM

Couldn’t help myself, got some more. Sorry Polly!
It’s really gambling...
Now holding and hoping for a positive outcome tomorrow

Your money Larry...your risk!!!

 

I know you just trying to bring your average down and then bail overall at breakeven or small profit but this is the nature of human beings..

But before you added now ,you should have asked yourself first ,  why i invested here in the first place? 

 

1. was it because of some Gurus in a chat room advising  this as a one in a million quick get rich scheme

2. Did you feel this share had value going forward

3. Market overreacted and hit this share down badly too quickly

4. etc etc

 

If the reason you first invested like the above examples still exist then fine , you feel adding will give you a better average going forward as the reason for your investment is still sound.

 

 

If not for the above or your reason/circumstances of the company had changed since your initial investment  then in my opinion and in all likelihood you  just throwing good money after bad money! This basic rule means an investor should not take irrecoverable or “sunk” costs into account when making decisions about adding into an existing investment. In other words adding to a losing share just to reduce your average knowing full well this share is not what you expected it to be when you  invested for in the first place  is committing investing suicide.


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#182 Polly

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Posted 25 May 2019 - 10:06 AM

I loading up now.... And yes... Can go lower or higher... But the current scare is due to court case.... This is not an investment it's a high risk gamble...

Sent from my SM-G950F using Sharenet Sharechat mobile app

 

Dont agree with the RED there IN...Clever money dumb  money flow is the reason..This share is in a continuous downtrend and finding reasons why its dropping is just silly. Once support trend line broke its always going to go down to next minor supports and then final target..

 

But agree with you there on the casino gamble and this is where ive tried so hard to warn newbies...check my earlier post

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"We're dealing with probabilities, not certainties. The future on this share up or down still remains open.Lots of people won’t want to hear it what im trying to say. That’s ok. It’s not my job to please everybody.A good investor could be  is a wise contrarian but not  a stubborn one.
To the newbies always remember the trading/investing First Commandment: Thou shall not risk money that thou can't afford to lose.The Steinhoff current share price is not the same as value. Price is objective, Value is subjective.
The thing most love doing here and investing here is to fantasize about the profits to come. And then when things may not  happen according their fantasies, it going to inevitably upsets  most others here.
In my opinion if you invested here already following the Gurus, the better approach is to imagine  that the trade might result in a loss and, consequently, prepare for it. Worst case scenario. If im wrong , enjoy the winnings. Because this surely is a bet , a gamble. To new investors here, would you invest in a gamble especially when again in my opinion the odds are stacked against you?
 
The mind of the new trader/investor is often cluttered with some get-rich-quick nonsense posted in some chat room which they must eventually come to unlearn in order to learn something real."

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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#183 Lionelza1

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Posted 25 May 2019 - 08:26 AM

Some serious Russian roulette this one.
Can’t help but feel there is some serious play to bring this share down. Gonna hold too. “Worst” case it jumps, and at an sub R2 cost average, not the end of the world. “Best” case it plummets to sub R1, then I’ll add.
To play in between is too risky IMO.

Yea i dont know so much about it being Russian Roulette hey......Polly has been right  i.e how the market value this share (in his view ZERO :blink: )...i think the experienced traders sucked newbies in on this share as it ran up to close to R4 (new monies needed, i know it excited my balls :D).....and then they just started cashing in, R1.38 current value a reflection of this?

 

I do not know of significant progress as per snh management (what is significant progress?), but the time i have been in on this (almost a year), there has been progress w.r.t sorting out their mess so how could it be that share value decreased instead of increase?

 

If it does fall below the R1 i think we are then super fcked!

 

I sure hope they sort out the cva story.....like asap!, i will not add to my shares before this happens as id like to see how market responds to that, and if it is positive and the share value steadily goes up after this happens, then only will i add. 

 

Polly seems to be an experienced trader who's now shorting this share so if i add now he's just going to chow up my monies haha....


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#184 new john

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Posted 24 May 2019 - 10:42 AM

eish im going to err on the side of caution, not adding just yet....good luck guys


Some serious Russian roulette this one.
Can’t help but feel there is some serious play to bring this share down. Gonna hold too. “Worst” case it jumps, and at an sub R2 cost average, not the end of the world. “Best” case it plummets to sub R1, then I’ll add.
To play in between is too risky IMO.
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#185 Lionelza1

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Posted 24 May 2019 - 10:22 AM

eish im going to err on the side of caution, not adding just yet....good luck guys


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#186 Lionelza1

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Posted 24 May 2019 - 06:54 AM

i think you can have 2017 without opinion and 2018 with opinion as these are historic data, and also alot has been done since 2017! just the way i see it


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#187 Lionelza1

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Posted 24 May 2019 - 06:43 AM

It’s crunch time.
The CVA and 2018 AFS is key so we should know where this is going in the next few weeks.
An audited opinion is vital. Could you have a 2017 without and 2018 with opinion though?

 

management would know the consequences of issuing afs without an audit opinion but the possibility is there!......i sure hope they do everything possible not to *** this up!

 

ok kinda recovery on tradegate last night!

 

friday and steinhoff!!! :D rise baby rise  :D .....think i am going to close my eyes and grab some more after the first hour trade....ooooo jussis


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#188 LarryK

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Posted 24 May 2019 - 12:36 AM

It’s crunch time.
The CVA and 2018 AFS is key so we should know where this is going in the next few weeks.
An audited opinion is vital. Could you have a 2017 without and 2018 with opinion though?
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#189 Lionelza1

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Posted 23 May 2019 - 06:30 PM

Hey Lionel, I sold most of my shares when it reached 205 a while back, my avg is still 190.

Luckily I only have 40k shares left, so deciding to hold as well.


Cool.... I feel afs 2018 is going to be key to this turn around, the worst I feel has been revealed in afs2017 , just hope 2018 has an audit opinion! Let's hope 2morrow is good news w.r.t CVA!
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#190 LarryK

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Posted 23 May 2019 - 01:49 PM

Couldn’t help myself, got some more. Sorry Polly!
It’s really gambling...
Now holding and hoping for a positive outcome tomorrow
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#191 Rex

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Posted 23 May 2019 - 01:25 PM

Hey Rex i thought you sold these shares.......my avg R1.80,

 

whats your avg mate?

 

I reckon its a kak boat we're on! see what happened to that rise u talked about last week.....all gone!

 

To get my avg to R1.54 it will cost me around 3times my intial investment! and then there's no gaurantee this share will see R1.55...... i cant even see it going to  R1.80, so i think im fckd....gotta hold

 

Hey Lionel, I sold most of my shares when it reached 205 a while back, my avg is still 190.

 

Luckily I only have 40k shares left, so deciding to hold as well.


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#192 Lionelza1

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Posted 23 May 2019 - 12:37 PM

temptation is so high to add but i do not know if current value is cheap, it continues to decline, for me i  will only add when it starts to turn around

 

Hopefully there's good news 2morrow that will see the turn around....if we do get any!


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#193 Investment novice

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Posted 23 May 2019 - 12:18 PM

I loading up now.... And yes... Can go lower or higher... But the current scare is due to court case.... This is not an investment it's a high risk gamble...

Sent from my SM-G950F using Sharenet Sharechat mobile app
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#194 Milo

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Posted 23 May 2019 - 12:03 PM

Expensive roller coaster this. Hope there will be a ride up now


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#195 Lionelza1

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Posted 23 May 2019 - 11:16 AM

Jussis ponzi scheme getting gebliksemd
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#196 Lionelza1

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Posted 22 May 2019 - 10:08 PM

Thanks for the techs and info P, much appreciated, appreciate ur honesty as well.

For me I might only consider adding if gets closer to the R1.00 but will see what happens in next few days.

Should afs 2018 have an audit opinion that's somewhat positive, we should see this share turn bullish?
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#197 Polly

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Posted 22 May 2019 - 09:30 PM

MPS daily chart as of today

 

Attached File  a1.JPG   96.45KB   1 downloads

 

1. first support =R1.38

2. final target on break of trend-line = R1.15

3. first resistance if bounces = R 1.66

4. second resistance resistance = R2.07 and then main resistance R 3.09

5.  break below R1.15 will take this towards a big fat zero

 

 

 

Trade at your own peril.

 

Im short @ 1.58 with stop at 1.70 and target @R1.15 where i will reassess to close or to hold to 0

 

risk reward

 

Im risking 12 cents to make 43 c if it plays my way..

 

r/r = 3.3 : 1 ( cant get better odds than this)

 

Lionel and Larry.....If you want to add , look at the support levels ive given...You can add there

If you a aggressive trader you can add at R1.38...Conservative add at R1.15 all with stop at .95c

 

However if you play this correctly you will only add on break above R1.67 and then more on break above R2.07 all on a close of day basis.. This actually gives you a better chance of success as clever money will be pushing higher for whatever reason above those resistance levels. Question is now you should ask....Will it go to those levels ever again????IF you think not ( and i certainly dont think it will) dont even bother adding at 1.38 or R1.15

 

This is purely technical advise from what i see in the charts...

 

Trade it at your own risk disclaimer!!

 

Remember im already invested on the short side so i could be bias...

 

 


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#198 Lionelza1

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Posted 22 May 2019 - 02:00 PM

Hey Lionel, what is your average on this stock at the moment? I'm on the same boat...

 

Hey Rex i thought you sold these shares.......my avg R1.80,

 

whats your avg mate?

 

I reckon its a kak boat we're on! see what happened to that rise u talked about last week.....all gone!

 

To get my avg to R1.54 it will cost me around 3times my intial investment! and then there's no gaurantee this share will see R1.55...... i cant even see it going to  R1.80, so i think im fckd....gotta hold


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#199 Rex

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Posted 22 May 2019 - 01:30 PM

Lol too much money to keep next to my balls but I get the humor :D

Yea was doing some calculations and I do not see it as worth the risk, if I do add then I'll be talking like the other guys... Highly invested in snh!

Oh well, guess money tied up till it swings around.... If it ever happens!!

Thanks for the offer to help

 

Hey Lionel, what is your average on this stock at the moment? I'm on the same boat...


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#200 Lionelza1

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Posted 22 May 2019 - 07:46 AM

Haha so your hero CW is classified stupid in your books. The more you talk the more one gets to know how little you actually know!!!

 

you seem to always question knowledge or lack thereof.......or how little one knows

 

you defeded MJ in the beginning, now you talk about him going to prison

 

you defended fraud and called it accounting irregularities as per newspaper reports....now you call it fraud

 

and funny enough....you are now calling this a ponzi scheme

 

you throw out mind boggling figures that changes consistently and imo worth ****

 

 

why dont you shut ur arse and question YOUR lack of knowledge, instead of attacking the one person that is actually being helpfull to us newbies!!!


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