ShareChat: ShareChat => SIM

Help

Home

Home » ShareChat » ShareChat » SIM (

) 2 Vote(s)

Show: Today's Messages :: Show Polls :: Message Navigator

E-mail to friend

Re: SIM [message #50058]

Wed, 24 February 2010 07:32

HandyAndy

Messages: 138
Registered: July 2009

Senior Member

http://www.fin24.com/articles/default/display_article.aspx?C hannel=News_Home&ArticleId=1518-25_2573191&IsColumni stStory=False

Good news for FUM perhaps?

Report message to a moderator

Re: SIM [message #50061]

Wed, 24 February 2010 07:59

hdbb

Messages: 539
Registered: August 2009
Location: By the sea

Senior Member

Sim Virtual Trade

Cost R1.32
Current close R1.22
LOss 0.10c per share

Loss = .10 times 300000 = R30000.00 (margin call)

There goes your 30 grand... Rolling Eyes

hdb
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!

Report message to a moderator

Re: SIM [message #50064]

Wed, 24 February 2010 08:54

CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA

Senior Member

No hdbb that's why I said sell 100 shares and only buy 40% into SIM, leaving 60% cash to hedge for the ride....miles away from a margin call

Even had she bought 60% of her proceeds into SIM at 130c she won't have a margin call, and that's still leaving the 30k seperately intact she has

Sell 142000 x 1.32 = 187,440, say 186k nett of fees

To buy in 300,000 SIM CFD's would have utilised 300,000 x 1.32
x14% Deposit = R55,440 capeesh, that's leaving her with double exposure but only risking 55k, and being left with 131k cash hedge in the Bank, this now would stand at 103k after the -30k movement loss, firs Margin call level is at 122c -34c = 88c
(33% loss)

60% CFD Buyback Scenario:
Had she bought 600,000 shares the margin requirement would have been 110k leaving her with 76k free Cash of which -60k would been unrealised loss till now = left with 16k free cash plus sundry 30k still intact

Take in mind she could have sold the shares last week ( 2 Days later) at 139/140c take interim profit and go short for a short term if the trend indicators pointed downwards...and then go back long again.

Never trade more than max 60% of available Cash as position margin

Happy trading..

Report message to a moderator

Re: SIM [message #50065]

Wed, 24 February 2010 09:00

hdbb

Messages: 539
Registered: August 2009
Location: By the sea

Senior Member

CFD Trader wrote on Sun, 21 February 2010 21:09

Tammy, Nedbank, SB OST or GT247

You can offcourse also sell all your SIM shares and buy back CFD's for double(x2) +- 300,000 shares the exposure with then having 60% Cash left to back yourself for the ride back up, you will then only loose if it goes to say 60/70% which I think won't happen in our lifestimes Smile

and not even touching the additional 30k
Hmm bad advice noo.. I have done it with BIL when their share price went from R180 to just over R140 2 years ago in just over a week, and sold it off few months later at R190 makinga nice profit..It can be done !

U confusing the virtual trade AGAIN..
Twisted Evil

Typical jack in the box...says one thing and changes it later...What a hypocrate!!

Youve down R30000 as of this morning..clear as pie!!

[Updated on: Wed, 24 February 2010 09:04]

hdb
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!

Report message to a moderator

Re: SIM [message #50081]

Wed, 24 February 2010 10:56

hdbb

Messages: 539
Registered: August 2009
Location: By the sea

Senior Member

Curretn price R1.10

Loss of R 66000.00 in less than a week!!

So CFD do you still hold or take the loss??

hdb
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!

Report message to a moderator

Re: SIM [message #50086]

Wed, 24 February 2010 11:04

farouk

Messages: 958
Registered: August 2009

Senior Member

Farouk, so u not interested in buying BIL/KIO CFD's and holding long term,,eissh u must be some hard -ass nut hey .

Oh what a PAW,PAW

You my friend should not give financial advice.
You are definately in need of medical advice.

Report message to a moderator

Re: SIM [message #50090]

Wed, 24 February 2010 11:23

CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA

Senior Member

Yes, down but cash margin to back me..

Im holding, it's going to hit a brick wall at 110c, major support testing coming at 100c just below..

Im not giving financial advice, im illustrating how to use my strategy and manage small portfolio's to last long term, and NOT just jump after the first dip down, like u would have done, cut -30k im outta here.. :)lol

This lady was down R2,05 x 142,000 shares = so I think she has got pretty much titanium balls to weather the storm out...

-R291,100 this far so -30/60k on key support levels and doubling up in my mind is NOT so much of a risk.. ya well, the share could always go bust after FUM go bust, IF TL don't realise etc. then bust SIM goes..

Anyway im off to do better things with my time..toodless..

All my sums add up,scenario and sums stays the same - can't u read or understand the maths.. ?? Bullhunter can u perhaps explain to them looks like my figures of selling all shares then buying 40% SIM with cash proceeds, then leaving 60% Cash to back makes totally sense to me...no confusion..at all

Have u done a CFD/SSF trade in real life hdbb, otherwise call your broker to explain to you

Smile

Report message to a moderator

Re: SIM [message #50095]

Wed, 24 February 2010 11:32

hdbb

Messages: 539
Registered: August 2009
Location: By the sea

Senior Member

Yeah i see your medical doctor calls!! Rolling Eyes

Wish you well and all the best during the session! Laughing

[Updated on: Wed, 24 February 2010 11:32]

hdb
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!

Report message to a moderator

Re: SIM [message #50098]

Wed, 24 February 2010 11:44

CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA

Senior Member

Which doctor ??, No hdbb strangely enough I have managed through trading and this recession without taking any pills (medical) that is

A few psycho session with myself late at night developing my Management strategies etc. helped alot

And offcourse u guys provide so much entertainment I ALWAYS feel better after laughing from your posts..

he he Smile

Report message to a moderator

Re: SIM [message #50105]

Wed, 24 February 2010 12:13

tammy

Messages: 69
Registered: September 2007
Location: Glenvista

Member

Morning all, Just another day and the SUN is shinning even though the thought of SIM going bust has put the fear of hell into me. I have got NO choice but to hang in there. I was gonna put a pic of my loss up but im to scared just to look @ what it is now ;-(

Report message to a moderator

Re: SIM [message #50107]

Wed, 24 February 2010 12:28

mottiar

Messages: 65
Registered: August 2009

Member

[quote title=CFD Trader wrote on Wed, 24 February 2010 11:23]Yes, down but cash margin to back me..

Im holding, it's going to hit a brick wall at 110c, major support testing coming at 100c just below..

Hi CFD,

Please explain what you mean by the above statement?

Thanx

Report message to a moderator

Re: SIM [message #50115]

Wed, 24 February 2010 13:14

CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA

Senior Member

Hmm which one, enough cash to back me or the major support being on 100c ?

Report message to a moderator

Re: SIM [message #50117]

Wed, 24 February 2010 13:30

mottiar

Messages: 65
Registered: August 2009

Member

it's going to hit a brick wall at 110c, major support testing coming at 100c just below..

This statement. If it is going to hit a brick wall @110, is this not then the major support? Or is it at 100?

Report message to a moderator

Re: SIM [message #50120]

Wed, 24 February 2010 13:37

hdbb

Messages: 539
Registered: August 2009
Location: By the sea

Senior Member

Why then buy at R1.30 if major/brickwall support is R1.00/R1.10!!
awefull trading..

Sorry ninja or not that knife became a dagger and smashed u bad!!!

and now u have egg all over your face and backside burnt!! Very Happy

[Updated on: Wed, 24 February 2010 13:37]

hdb
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!

Report message to a moderator

Re: SIM [message #50122]

Wed, 24 February 2010 13:54

CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA

Senior Member

Mottiar, 110c is major support but it normally dips just below to confuse techinal traders who think it will then go way down,after initially breaking support but quickly then bounces up closing out their shorts....it could prove that my support calculations was 10c out, 12 mth high 200c, pivotpoint 150c, high - diff to pivot = bottom support which is 100c
(Pivotpoint is when major volume selling and downtrend started)

hdbb,
At the time it was thought 130c would be a good long entry level, but in this instance it proved it was premature as sometimes the true good LONG level is -10/-15% further from what we as traders think.. Smile

I see it's back at 116c so unrealised loss now current only standing at -48k, i'll wait for 100c to buy in another 300,OOO CFD shares to average down (using max 60/70% Cash margin exposure rule)

Report message to a moderator

Re: SIM [message #50123]

Wed, 24 February 2010 13:58

mottiar

Messages: 65
Registered: August 2009

Member

thanks...

Lets hope this is the case...i hope that the brick wall of 110 holds... Laughing

Report message to a moderator

Re: SIM [message #50125]

Wed, 24 February 2010 14:05

CFD Trader
Messages: 570
Registered: January 2010
Location: Pretoria,ZA

Senior Member

IF u a chart reader (trade palm reader) you would see a tripple bottom on today's SIM chart which might send the share rocketing up soon.

twice as strong as a double bottom..

Report message to a moderator

Re: SIM [message #50153]

Wed, 24 February 2010 16:01

tammy

Messages: 69
Registered: September 2007
Location: Glenvista

Member

If im gonna die I'll make a good job @ it. 150000.00 shares now just bought 10000.00

Report message to a moderator

Re: SIM [message #50158]

Wed, 24 February 2010 16:22

jaDEB

Messages: 1061
Registered: February 2006
Location: Boksburg

Senior Member

tammy wrote on Wed, 24 February 2010 16:01

If im gonna die I'll make a good job @ it. 150000.00 shares now just bought 10000.00

One of the lessons I have learned over the years,do not throw good money after bad.......not saying SIM is bad..do not know...just seems that you are buying all the way down....

index.php/fa/2555/0/