Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Tkg

Reply
Super Contributor

Tkg

Guys, I like the look of tkg. It has been squeezed into the apex of a symmetrical triangle and in the next day or two it is going to break out one way or the other. My bet is up but if you disagree I welcome your opinion.I don't hold it yet but might get in tomorrow.
12 REPLIES
N/A

Re:Tkg

seems to be behaving like the large majority of SA stocks - in a tight holding pattern. With these low liquidity environments, the selloff is likely to be a big move. But the breakout in any direction is statistically likely to be fake. So my strategy is buy on a big 4 or 5% downward move - providing there are no trading updates or anything, that is. I am applying the same logic to other stocks too - patiently waiting my entry
Super Contributor

Re:Tkg

Thanks for that.
Super Contributor

Re:Re:Tkg

What other stocks are you keeping an eye on?
Highlighted
Super Contributor

Re:Re:Re:Tkg

I sadly don't have much to offer from my side. I do have a set of alerts set up in case there's a big drop in various stocks, some of which I hold and some I don't. One rule of thumb is "try to get blue-chips when the market is temporarily out of love with them". Picked up Anglo with that earlier this year. Smaller companies it's worked with: Grindrod, M&R, Pinnacle, Lonmin. Great capital return so far this year, but holding them for dividends.

Obviously the trick is to correctly identify "temporarily", but since I'm after future divs I don't really care about the price once I've bought them (except for ego), as long as the divs remain likely.
Super Contributor

Re:Tkg

Russ, definitely an upside break.
Super Contributor

Re:Tkg

Yes, so far so good. I bought earlier at 6484 and then a few more at 6495. Now we wait and see.
Super Contributor

Re:Re:Re:Re:Tkg

AGL a blue chip ?!
Simon
N/A

Re:Re:Re:Re:Re:Tkg

add Pinnacle, Lonmin and M&R to the blue chip question -:)
Super Contributor

Re:Re:Tkg

Russ,so far so good :-)