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Hello.. I am back!

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Super Contributor

Hello.. I am back!

Hi Guys, its been a long time since I chatted here, always been online though. Just was very busy in the past 2 years doing the MBA, now only thesis remaining which is based on investing which is great! How has everyone been? Hows trading and all? 

7 REPLIES
Super Contributor

Re: Hello.. I am back!

Hi Werner, welcome to the mortuary. As you can see by the number of posts and users that frequent this site which has been in operation for a month it would appear most have voted with their feet. If nothing is done to improve it pretty soon I'll be on my bike as well. I must say, if you like talking to yourself, this is the place to be. Anyway good to know you still around and hope all went or will go well with your studies.
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Super Contributor

Re: Hello.. I am back!

Hi Werner, welcome back. Now can you give us some share tips with your new-found knowledge?!
Super Contributor

Re: Hello.. I am back!

Personally, I am still betting on the rand weakening against the pound in coming weeks and hold a bunch of rand hedges: gld, apn, snh, rei, dsy, npn, sol, plus a couple of other resources which will also benefit from a weaker rand. Talk about having all your eggs in one basket!
Contributor

Re: Hello.. I am back!

So you got stuck in your hedges too - like the rest of us.

This pullback may just be a buying opportunity that leaves us kicking ourselves for being suckered into taking more South African shares.

So yeah - I agree - hanging onto my UK stuff and buying more - but it hurts so much!

Super Contributor

Re: Hello.. I am back!

I'll probably end up with egg on my face but I am calling a bottom on the gbp-zar. On 15 Feb it bottomed at 16.08098. Today it again touched 16.08098 (exactly) and is giving a little bounce.I have been eyeing a sell divergence on the RSI (weekly chart) for some time now. Hopefully now is the time!

Super Contributor

Re: Hello.. I am back!

Ok, I think I had that15 Feb figure wrong-it was about 16.09. Still, close enough to be a possible double bottom!
Contributor

Re: Hello.. I am back!

I'll not all you a liar for a penny.

When you actualy drill down into it - the budget was horrendous.

All it really promised was more spending and more tax from the wealthy to buy drinks for the party.

NOTHING (in terms of a plan) about job creation, the long-promised "encouragement" for SME's etc. .

Just some garbage about how "we all" have to contribute to the "dream" in order to achieve growth - and then the usual singling out of private and corporate responsibility.

For a moment there I thought he was going to propose full income tax (including benefits) for ministers and parliamentarians (LoL.) Now THAT would be "ALL" of us contributing.

He promised a R150B hole in the budget. (139/149/159 it kept changing - he couldn't keep it straight. Not very impressive! Probably because these figures are largely a fabrication anyway.)

I love it when they talk about 1,3...% growth. They can't even balance the budget - but they can calculate that complicated figure to the nth decimal place.

As long as it isn't negative! .00001% growth for the ratings agencies. Please!