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16-02-2017 05:50 PM
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?
17-02-2017 03:36 PM
21-02-2017 11:55 AM
22-02-2017 08:36 AM
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!
23-02-2017 10:38 AM
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!
23-02-2017 10:54 AM
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!