299 replies to this topic

[soutie]

You got a lot of followers there. That was a big rug that got pulled. 

Ha Ha I very much doubt that.....      

[Shi]

Big klap, down to 5400.

[Snippit]

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

 

You got a lot of followers there. That was a big rug that got pulled. 

[Spell Jammer]

Fund manager money needs to be deployed....This months pension monies sitting idle & the guru's are missing out on the rebound rally.

It's not their money so WTF.....

Sad but true.

[soutie]

Fund manager money needs to be deployed....This months pension monies sitting idle & the guru's are missing out on the rebound rally.

It's not their money so WTF.....

[Lionelza1]

But check how price it's pumping.... Fok maybe I shud start doing opposite to what I think

[soutie]

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

[Lionelza1]

Very negative SENS out this morning in my opinion in terms of covid infections at their plants and cutting production.

Looks like Sasol is cutting production by 25% in Secunda due to a lack of demand and oversupply of Synfuels, and there may be further cuts. Not sure whats driving the Share price up at the moment, but its definitely not based on the fundamentals of the company.

Share price seems to be driven on theoretical outcomes of an Opec meeting that is yet to happen, but this shows the current oversupply of oil in the market due to Covid, irrespective of oil price. This is going to affect the bottom line in terms of profitability (a huge lack of demand), no matter what the oil price is artifically set to tomorrow.

Agree with you 100%....demand is just not going to be there

[soutie]

Agree with all your points Spell Jammer....This isn't rational behavior in the slightest however neither was the drop....

[Spell Jammer]

Very negative SENS out this morning in my opinion in terms of covid infections at their plants and cutting production.

 

Looks like Sasol is cutting production by 25% in Secunda due to a lack of demand and oversupply of Synfuels, and there may be further cuts. Not sure whats driving the Share price up at the moment, but its definitely not based on the fundamentals of the company. 

 

Share price seems to be driven on theoretical outcomes of an Opec meeting that is yet to happen, but this shows the current oversupply of oil in the market due to Covid, irrespective of oil price. This is going to affect the bottom line in terms of profitability (a huge lack of demand), no matter what the oil price is artifically set to tomorrow.

[soutie]

Leverage is highly destructive to any CFD portfolio....But thankfully a door swings both ways..... I will sleep well tonight for the first time in wks....

Up 8+% as I type & in auction mode...

[Lionelza1]

Think we gonna see a dump this morning?

[Investment novice]

Be very cautious.... This is brilliant... But... Really baaang..... USA consumption down significantly.... Prices are hedged..... China buying..... Up..... But next storage levels........ Going to be extremely worrisome..... Be great for the share to rally back to R200.....just to speculative....

Sent from my SM-G950F using Sharenet Sharechat mobile app

[Spell Jammer]

Hats off to the guys who braved this out at R25. What a day this has had. How high can she go before the inevitable sell off?

[nosh]

Yea and the Russians mentioned they will agree to production cut if trump comes to the party and I somehow do not seeing this happening... I'm sure Russia will use this as an opportunity for sanction uplifment as well

There's potential for huge up or down...

I'll be bystander on this

this may be another China trade deal scenario, where it could take forever to resolve. but I am in on sol

[Lionelza1]

The meeting could prove to be all show & no action as Trump won't be there...He'll just be aware of the outcome if any...Then in true Trumped up patriotism lased dialogue he'll try to steal the limelight...The US are also trying to take market share from the Saudi's...This however isn't featured on the US dominated world media...

Yea and the Russians mentioned they will agree to production cut if trump comes to the party and I somehow do not seeing this happening... I'm sure Russia will use this as an opportunity for sanction uplifment as well

There's potential for huge up or down...

I'll be bystander on this

[soutie]

Yea and also alot of profits to take... I'm ready to jump into this but gonna wait for outcome of that meeting

 

The meeting could prove to be all show & no action as Trump won't be there...He'll just be aware of the outcome if any...Then in true Trumped up patriotism lased dialogue he'll try to steal the limelight...The US are also trying to take market share from the Saudi's...This however isn't featured on the US dominated world media...

[Lionelza1]

Geez sasol is flying.

Yea and also alot of profits to take... I'm ready to jump into this but gonna wait for outcome of that meeting

[Lionelza1]

Oil steadied amid hopes that the world’s biggest producers of crude will agree to curtail production at a meeting to be held by video conference at 1400 GMT.

Taken from an article on Moneyweb.

Tom Westbrook, Reuters / 7 April 2020 06:41

Thanks

[soutie]

Oil steadied amid hopes that the world’s biggest producers of crude will agree to curtail production at a meeting to be held by video conference at 1400 GMT.

 

Taken from an article on Moneyweb.

 

Tom Westbrook, Reuters  /  7 April 2020 06:41