AGL should bounce

[nala]

good point

[DR_1]

watch the rally tomorrow..

[#3]

well atleast i got it right this time will stay in til my exit approaches, learnt the hard way to listen to myself,anyway its a small trade lots of luck guys u know how violent the bear rallies are so waiting with finger on the trigger to exit

[platsak]

Im going to watch that R170 level very closely. Problably going to reverse from there? Any opinions

[platsak]

Article in Business Day today about AGL definately not cheap even at R130.

[Brazen]

The world and his dog gonna short it if it gets to around 170. And me.

[eddy66]

isn't it a good idea to go long until it gets close to the 170 mark and then go short.then you ride the wave both ways!!

[eddy66]

isn't it a good idea to go long until it gets close to the 170 mark and then go short.then you ride the wave both ways!!

[Brazen]

It's a very good idea eddy. But AGL gave no buy signal, if fact it gave a sell signal when it broke support. So I am not long.

[eddy66]

if you do the opposite of what the herd does,you'll always be right!

[#11]

Er, no. If the herd is forcing the price into a longterm downtrend, how do you gain by going long? Google the term "Trend following" to see where the easy money lies.

[#12]

There is a long-term trend, down at the moment, in addition to the swinging between fear and mania. Due to the long-term downward trend, the down-swings will tend to last longer and travel further than the up-swings. But wait for a good entry, e.g. if it seems to have turned down after a bit of an up-swing. Practice a bit on the easy (trend) side before trying to play both sides. All my opinion and this is not to be construed as advice...

[Mr_S]

there was a 29 million trade that just went through, are such trades obviously institional trades? and does this mean there is a little confidence in the company? im looking for a big bounce so i can exit this position with at least some bucks, i missed out on this mornings one :-(. Im kinda hoping that the share bounces again anytime before the expiry of my warrant (AGLSBF). I know i have made a few mistakes and should cut my losses but damn, thats just too much to loose. i wanna claim a bit back, and learn from these mistakes!

[eddy66]

in our current market,where there is little to no logic,where panic is at the order of the day and every bit of news, good or bad,sets the trend for a day or 2 before the next bit of news comes out(Which is bad most of the time at this stage)you'll be better off doing the opposite.I'm not talking long term as intra day trading is the only way to go at the moment.For instance,when everybody is selling,buy,just make sure you buy at the right time(which is the big trick) and sell when everyone is buying.Your guaranteed to make some money!

[#15]

Mr S, just be thankful you dont have BD and BE warrants. Whats the chance of a bounce before they expire? They are both currently trading at 1c and could go to the dreaded zero.

[Mr_S]

is that what you hold?

[#17]

Yes, and to think a while ago they were trading at between 6c and 8c. Can these warrants recover from 1c with 60 odd days to expiry?

[barry_1]

Anything is possible of course.....but if u look at the time decay u will soon see that it is not worth holding warrants which have drifted down that far....i never buy warrants below 20 cents and nearer than fifty days to expiary,even in a raging bull market its difficult to get your money back....Do have a look at education on this website also if possibe attend a warrant trading course.

[Mr_S]

Are we gon c anglo rise to R170?

[barry_1]

i've exited my short and will first wait for a trend to develop before joining it....at the moment its just churning.