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COAL OF AFRICA CZA

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Antenna14
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COAL OF AFRICA CZA

Hi Guys. What is your view on COAL OF AFRICA, Do you think it will rise after the Mooiplaats sale is concluded... and what do you estimate it will reach if so? above R1.40?
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10 REPLIES
Super Contributor

Re:COAL OF AFRICA CZA

Picture this in your mind ..... a horse with a big pile of poop behind? What does that symbolize?
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TheInvestor
Contributor

Re:Re:COAL OF AFRICA CZA

It can only go forward?
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Antenna14
Contributor

Re:COAL OF AFRICA CZA

Anybody know what is going on I dont see any movement on the share??? Anything to do with the The Report of Suspicious trades???
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suzi
New Contributor

Re:COAL OF AFRICA CZA

Rather look at Wescoal.
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Antenna14
Contributor

Re:Re:COAL OF AFRICA CZA

Im already in on CZA... not sure if I must jump ship or hold. Im already at a 12% loss
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Valued Contributor

Re:Re:Re:COAL OF AFRICA CZA

why did you buy it ?? an more importantly what was your exit strategy when you bought it ?
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Antenna14
Contributor

Re:Re:Re:Re:COAL OF AFRICA CZA

I clearly bought at the wrong time... but with the hopes it will rise again because of the mooiplaats sale... It did rise again to a point where I was at a 5% loss... Im sure I should of sold there but I think greed may have kept me holding... now Im down 17%,I guess what you implying is that I shouldve had a stop loss in place, But with a share that is unstable like this one at the moment wouldnt I be shooting myself in the foot? Also I think the Rumour of the Shady trades may have affected the performance in the last two days...?
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Valued Contributor

Re:Re:Re:Re:Re:COAL OF AFRICA CZA

so you didn't have an exit strategy, which means this is just a hope to make money .. an importantly exit strategy includes an upside exit at profit .. So now ignore the price you paid and decide on an upside and downside exit strategy .. all the potential is meaningless, look at ABL, it went to zero and without an exit strategy anybody holding it lost 100%
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Super Contributor

Re:Re:Re:Re:Re:COAL OF AFRICA CZA

“The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you, you hope that every day will be the last day – and you lose more than you should had you not listened to hope – to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little.”
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Antenna14
Contributor

Re:Re:Re:Re:Re:Re:COAL OF AFRICA CZA

Thank you for your advice.
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