49 replies to this topic

[soutie]

I reckon there's a short squeeze hitting...

Sasol 

Woolies

Nedbank

& maybe MTN...

 

All price action looking more than suspect to the underlying or their peers.

My 2c

[soutie]

Picked up some Woolies just now on a re-take of R27.50...

Let's see if it holds.....

 

Beeeeeg seller @ R27.50-R27.70 area.....Also suppressing any buyers out there...This may take some time.....

[soutie]

Picked up some Woolies just now on a re-take of R27.50...

Let's see if it holds.....

Back above R28 as I type.....

Get on the bus to R30+change...

[soutie]

Picked up some Woolies just now on a re-take of R27.50...

Let's see if it holds.....

[soutie]

Why have we gone into a close out scenario....? 

Thought that was only due in June....!

Thanks in advance.

[JR7800]

Soutie, Sorry my prevous respose incomplet, was cut off for some reason.

 

Picked up shareshere and there, not at 1c unfortunately:

- Ascendis Health Bought at 63c     I think over long  term they will recover and get their debt sorted out.

- Brait  R3.50 (bought today) Long term view. The rich are not going anywhere and based on 2008 QE the rich only got richer so I think they will recover

- Nampak - On my watch list - Want to buy this below R1.30 currently at R1.70. I think they will be able to restructure debt and will then be ok in long run

- Tongaat-Hulets - On my watch list - Want to buy this below R2 currently at R2.84. I think they will be able to restructure debt and will then be ok in long run

- EOH - On my watch list - Want to buy this below R2 currently at R3.09. I think they will be able to sort out issues and generate new (bribe free) revenue over long term will then be ok in long run

- Aveng - Bought at 2c. Pure gamble. Hoping that infrastructure spending will pick up as part of plans to stimulate the economy (even if it is with borrowed money) and they are one of but a few construction companies left to get the tenders

- Curro Bought at R4.95. Hopeing to top up again at aroun R8

- Mittal steel Bought 55c. Gamble. Hoping infrastructure spending will pick up

- Imperial Holding Bought at R27. Once recovery takes hold people will buy cars again and logistic will pick up.

- PPC On my watch list - Want to buy this below R1.20 currently at R1.59. Gamble. Hoping infrastructure spending will pick up

- MTN On my watch list - Want to buy this below R35 currently at R49.74. Gamble. Although all prices data/voice are falling I think volume/usage growth in data will make up for it in long run.

 

Some will make money and some will lose. Hopefully the winners make more than the losers.

[JR7800]

Morning JR..

Has your buying spree started & yeah with what & more so what's on the watchlist & why....?

Only if you care to share....

Cheers.

Soutie,

 

Picked up shareshere and there, not at 1c unfortunately:

- Ascendis Health 63c     I think over long  term they will recover and get their debt sorted out.

- Brait  R3.50 (bought today) Long term view. The rich are not going anywhere and based on 2008 QE the rich only got richer so I think they will recover

- Nampak - On my watch list - Want to buy this below R1.30 currently at R1.70. I think they will be able to restructure debt and will then be ok in long run

- Tongaat-Hulets - On my watch list - Want to buy this below R2 currently at R2.84. I think they will be able to restructure debt and will then be ok in long run

- EOH - On my watch list - Want to buy this below R2 currently at R3.09. I think they will be able to sort out issues and generate new (bribe free) revenue over long term will then be ok in long run

- Aveng

[soutie]

So, looks like the world has decided all shares has a value of Zero rand.

 

I will thus sit back, keep calm and buy a lot of shares at 1c and retire by 2025 when everything is at their peak again and everyone realised it is not the end of the world.

 

Morning JR..

Has your buying spree started & yeah with what & more so what's on the watchlist & why....?

Only if you care to share....

Cheers.

[soutie]

Watched a WALL of money flood into Woolies this morning given the extension.... logic should have been short...Ditto MrPrice....

Both on strong upwards buying....Well for today anyway...

[Shi]

Wonder if the JSE had the lockdown extension priced in. 

[soutie]

& Shoprite.....WTF...? I have no answers to today's trading pattern....

[soutie]

Any comments on the HUGE reversal in financials.....?

Is it sustainable....? looking at the Rand it's losing 2% a day...

Dead cat bounce & equally HUGE sell off coming...?   But when to load up the shorts...?

I can't figure how FNB isn't included in this rally to the same degree.

[Spell Jammer]

Morning well banks took a 10% snot clap Friday & relatively steady at -5% this morning...Busy reading analysts commentary on their views going forwards.

My strategy today....No position is also a position....!

Very true. 

Edited by Spell Jammer, 30 March 2020 - 10:33 AM.

[soutie]

Morning well banks took a 10% snot clap Friday & relatively steady at -5% this morning...Busy reading analysts commentary on their views going forwards.

My strategy today....No position is also a position....!

Edited by soutie, 30 March 2020 - 10:19 AM.

[Spell Jammer]

Ordinarily I would say Financials.... However half the whole not allowed out in the streets so this ain't ordinary circumstances.

Thanks Soutie. Relatively quiet morning so far. Surprised. Seems like this has been priced in already in light of recent losses in the financial and property sectors.

[soutie]

Anyone have the time of Moody's announcement...?

Thanks in advance & good w/end to all.

[soutie]

Which JSE sectors would be the most impacted should we get downgraded tomorrow?

 

Ordinarily I would say Financials.... However half the whole not allowed out in the streets so this ain't ordinary circumstances.

[soutie]

FED goes QE Infinty. Its a currency war. Compete or die. ZAR going under. Collateral damage. Fur and feathers. Gold for sale on rations. Heavy premiums. Long if any deliveries. Paper gold is now without adequate physical. 

Time to secure your gold mines.

 

Re: Fed fully agree with you & until there's a viable alternative (not Bitcoin) Central bankers are either with or without the Fed...

RE: Rand Fur & Feathers...Brilliant....  

[nosh]

#JustSaying ... this forum could do with a LIKE button (for a msg, not to FB).

Agree!

[Spell Jammer]

Which JSE sectors would be the most impacted should we get downgraded tomorrow?

Edited by Spell Jammer, 26 March 2020 - 09:20 PM.