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Online Share Trading

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ACL

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Brommie
Frequent Contributor
Huge electricity savings achieved. No repeating losses of SHE incidents. Was not really affected by the striking season. Profits dependant on R$ exchange rate. Graphically OBV exploding and RSI seems to be OK. Maybe a worthwhile investment for capital gain when looking at it for a 6 month investing period?
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9 REPLIES 9
kwagga
Super Contributor
Technicals don't look so good on this one. I wouldn't touch it unless it breaks above 3750. MACD, RSI and Momentum all down from June this year.
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Rams
Super Contributor
the expert on this share is preston ,i do recall he bought for R200 000 odd worth shares way back( at the highs?)...yes I agree , dont touch this share,as was advised way back then , at the highs
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Preston
Super Contributor
You are one insightful farmboy with a PHD.
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Werner_1
Super Contributor
not to start an argument, but just saying that pre-2008 Preston and I had some really good trades in SSF/Warrants/ShareInstalments on companies like MTN, BIL, ACL. some of these deals did result in 100% growth etc, some obviously not, just thought of saying that...
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Preston
Super Contributor
Ja, i remember the cash i made from the sale of BIL, made me have a honeymoon on my honeymoon :-) Werner, case in point, we have survived that turmoil and we are still around.
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WR
Regular Contributor
One can save a lot of electricity by not running the furnaces to produce steel. Last time I looked ACL was in the steel making business and should be making steel which usually consumes electricty and generates saleable products
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Werner_1
Super Contributor
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Werner_1
Super Contributor
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Brommie
Frequent Contributor
I am not talking long term investing. At closing tonight achieved since bought yesterday a 4.4% upward movement on these CFD's. Will reconsider selling at 3650. Or maybe wait for their financials to be released.
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