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sasol (SOL)


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#21 Investment novice

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Posted 11 June 2020 - 09:04 AM

A billion plus barrels of oil stored offshore. Many have pumped sasol share with oil price increasing not knowing that sasol hedged lower price.
Also fears of a second wave of the virus coming out of lockdown resulting in protracted work from home globally and reduced flights adding to glut...... Very difficult to call a trend or a price here short term..... Buy for the long term..
Probably like an mtn share r50-R80 would be where I would be comfortable to load.... The large volume glut yesterday indicated something is on the cards.... The lawsuits are still open which may cause further declines...

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#22 budfox

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Posted 11 June 2020 - 08:50 AM

Please can someone advise what is going on here... Was it a pump and dump... 11 million shares sold is there info we not aware of.. How low can this go

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And at what price do we consider getting back in again...


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#23 Investment novice

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Posted 10 June 2020 - 07:18 PM

Please can someone advise what is going on here... Was it a pump and dump... 11 million shares sold is there info we not aware of.. How low can this go

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#24 Investment novice

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Posted 08 June 2020 - 12:50 PM

This is good news for all our pension plans..
There should be a dip again somewhere.... Oil pricing is for one thing never as predictable.... None of the stock levels and demand and production levels make any sense........ We should be drowning with oil....... Unless Opec had fictitious production.......

Good news though.... Shares are flying..

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#25 budfox

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Posted 08 June 2020 - 09:39 AM

The last 6mths in this share has either ruined or retired a trader......Again I have no words....Gone into auction mode as I type....

Have a great w/end peops... :)

Yeah regretting watching this one from the sidelines


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#26 soutie

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Posted 05 June 2020 - 03:46 PM

The last 6mths in this share has either ruined or retired a trader......Again I have no words....Gone into auction mode as I type....

Have a great w/end peops... :)


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#27 soutie

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Posted 03 June 2020 - 09:58 AM

Last half sold @ R81+change...All out now just long term portfolio holdings remain deep in the red...

Long term holding turned green this morning....After 2mths I was hoping for 2yrs....Again I have no words... :huh:


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#28 LouahZA

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Posted 18 May 2020 - 02:30 PM

is it buy time yet?


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#29 Spell Jammer

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Posted 01 May 2020 - 07:17 AM

Seems like this may start dropping to buyer support level?
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#30 soutie

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Posted 30 April 2020 - 11:15 AM

Oil up 6% overnight & the FED turning on the "cool aid" taps full bore.....Sasol should fly today....

Getting a long in at the open....

Holy Cow....!

I have no words....

Thankfully it opened late & too rich for my balls....

Sitting watching in wonder....


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#31 soutie

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Posted 30 April 2020 - 08:34 AM

Oil up 6% overnight & the FED turning on the "cool aid" taps full bore.....Sasol should fly today....

Getting a long in at the open....


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#32 Lionelza1

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Posted 29 April 2020 - 01:05 PM

Got into a small short position @ R86-17.


Good call
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#33 Pilotpilot

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Posted 29 April 2020 - 11:38 AM

 This is a guessing game...... and Sasol is so volatile. As Soutie has mentioned in another post this might be a short squeeze ....and I would agree it is the most probable scenario currently, because nothing else makes sense.

 

If this is the case, then estimating the time of the highest price would be easier than estimating the price. The institutions that shorted Sasol, needs to honor their margin calls at 12:00 midday or they need to buy back their positions before 12:00. This causes a lot of buying at this time between 11-12:00am.

 

Historically the prices of short squeezes reach their peak between 11:00 and 11:30 in the morning. It could be today at 11:30 or if we have another high close today....we could see the short term climax reached tomorrow morning.

 

I will add a small short this morning at around 11:30 and maybe add some tomorrow, but it will be a small position. I would not like to get squeezed too...

 

Got into a small short position @ R86-17.


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#34 Pilotpilot

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Posted 29 April 2020 - 09:45 AM

Where do you see this rallying to?

 This is a guessing game...... and Sasol is so volatile. As Soutie has mentioned in another post this might be a short squeeze ....and I would agree it is the most probable scenario currently, because nothing else makes sense.

 

If this is the case, then estimating the time of the highest price would be easier than estimating the price. The institutions that shorted Sasol, needs to honor their margin calls at 12:00 midday or they need to buy back their positions before 12:00. This causes a lot of buying at this time between 11-12:00am.

 

Historically the prices of short squeezes reach their peak between 11:00 and 11:30 in the morning. It could be today at 11:30 or if we have another high close today....we could see the short term climax reached tomorrow morning.

 

I will add a small short this morning at around 11:30 and maybe add some tomorrow, but it will be a small position. I would not like to get squeezed too...


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#35 nosh

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Posted 28 April 2020 - 03:50 PM

Just pure craziness and confusion......the WTI Oil price goes down by 31% ($16-58 to $11-41) since the closing of trade on Friday. Plus the Rand strengthens..........and what happens to Sasol........ it's up by 14% and climbing.

 

Oohhhh....these markets.......gotta love it.........all common sense goes out the window....... :D

 

I will update this afternoon and see what my program advises......because my advice would be wrong!!.... :D  :D

 

Just pure craziness and confusion......the WTI Oil price goes down by 31% ($16-58 to $11-41) since the closing of trade on Friday. Plus the Rand strengthens..........and what happens to Sasol........ it's up by 14% and climbing.

 

Oohhhh....these markets.......gotta love it.........all common sense goes out the window....... :D

 

I will update this afternoon and see what my program advises......because my advice would be wrong!!.... :D  :D

Here's an interesting article, correlating crude oil with Sasol (and other stocks). Looks like correlation is strong but divergence has happened before

 

https://www.linkedin...ullah-kauchali/
 


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#36 Spell Jammer

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Posted 28 April 2020 - 02:19 PM

A lot of people must have thought with a 30+% drop in the Oil price over the weekend, Sasol would be a sure thing to short this morning. An boy are they getting it wrong!....Bear trap indeed!

 

I am not convinced that this is the turning point yet....short term indicators have not broken their trend; in fact they have broken out to the top end and could spark a stronger rally. Especially when short positions need to close out tomorrow of the day after......

Where do you see this rallying to?


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#37 Pilotpilot

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Posted 28 April 2020 - 02:13 PM

I give up trying to predict the movement on this share. These movements arent based on any logical reasoning, let alone company fundamentals. One would think that this is all highly negative news for Sasol. Mr market has other ideas. Could it be the bear trap you've warned about?

 

A lot of people must have thought with a 30+% drop in the Oil price over the weekend, Sasol would be a sure thing to short this morning. An boy are they getting it wrong!....Bear trap indeed!

 

I am not convinced that this is the turning point yet....short term indicators have not broken their trend; in fact they have broken out to the top end and could spark a stronger rally. Especially when short positions need to close out tomorrow of the day after......


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#38 Spell Jammer

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Posted 28 April 2020 - 01:29 PM

Just pure craziness and confusion......the WTI Oil price goes down by 31% ($16-58 to $11-41) since the closing of trade on Friday. Plus the Rand strengthens..........and what happens to Sasol........ it's up by 14% and climbing.

 

Oohhhh....these markets.......gotta love it.........all common sense goes out the window....... :D

 

I will update this afternoon and see what my program advises......because my advice would be wrong!!.... :D  :D

 

I give up trying to predict the movement on this share. These movements arent based on any logical reasoning, let alone company fundamentals. One would think that this is all highly negative news for Sasol. Mr market has other ideas. Could it be the bear trap you've warned about?


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#39 Pilotpilot

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Posted 28 April 2020 - 01:24 PM

Closing in your R75/R78 range Pilot. Going to be interesting to see how this plays out.

 

Just pure craziness and confusion......the WTI Oil price goes down by 31% ($16-58 to $11-41) since the closing of trade on Friday. Plus the Rand strengthens..........and what happens to Sasol........ it's up by 14% and climbing.

 

Oohhhh....these markets.......gotta love it.........all common sense goes out the window....... :D

 

I will update this afternoon and see what my program advises......because my advice would be wrong!!.... :D  :D


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#40 Spell Jammer

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Posted 28 April 2020 - 12:39 PM

 

 

But the scenario will probably play out, that the Bull will probably get the first shot. Maybe a breakout to the top, with a quick spike to R75/R78, and then the Bear will be hitting hard. The market always tries to confuse everyone, and this will be no different. It is the big traders battle, that could make or break them.

 

Closing in your R75/R78 range Pilot. Going to be interesting to see how this plays out.


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