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Online Share Trading

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NPN - How far can it go ?

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Mardo
Occasional Contributor
When's the run eventually going to end, anything happening fundamentally here to push it this high ?
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12 REPLIES 12
striker
Super Contributor
Unless there is something big under wraps,I think the share is way too expensive.
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AJT
Super Contributor
Agree with Striker, would not be buying at these levels...
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Mardo
Occasional Contributor
Just wanted to make sure, am short at 19050 yesterday but seems it might have more legs, strong volume to the close.
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richardw
Super Contributor
They own 35% of Tencent, a Chinese company which just released good numbers.
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striker
Super Contributor
A p/e of around 20,and d/y of around 1.2%,makes it one of the JSE's most unattractive.We've all heard about the Tencent holding,but what does anyone know about it?
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richardw
Super Contributor
http://www.google.com/finance?q=HKG%3A0700

Earnings 94% increase YoY - see news articles or RHS
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Not applicable
short this one i say, technically overbought on bollingers, stochastics starting retreat, closed yesterday at R200 which is major resistance, short anything under R200 but a close above R200 and you gotta take ur loss, but remember, it has to close above R200 not intraday movements. OMO
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jack12
Super Contributor
Agree, got the same
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Not applicable
hope u guys got ur shorts in place.. close was excellent, DOW down, all we need now is bad ASIA markets on monday morning (China t be exact) and this share will tumble
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Not applicable
hope u guys got ur shorts in place.. close was excellent, DOW down, all we need now is bad ASIA markets on monday morning (China t be exact) and this share will tumble
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Mr_Money
Regular Contributor
IT can go higher . Its subsidary "tencent" the largest internet portal in China just rleased fantastic results. Search for Tencent on the web
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Not applicable
when the chart says its coming down, theres very little that fundementals can do.
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