Sid. You certainly were not stupid. Most of us have been and are in a similar boat. Luckily it has recovered from the lows this morning. You can make the call how it is going to move from here. Personally, given the technicals and outlook, I feel upside potential is limited and it could be setting up for a short. Perhaps tighten your stop to a trailing 1-2% and see how you go.
Ja, we all made and still make mistakes. I bought AGL at 175 sold at 195 thought I was a hero, then it went to 300+. Took a short option at 280, it went > R320. Still holding on for dear life on MLA, bought at R112, before the SOIC fiasco - no its down to R75. Will however hold on until it turns and goes up.
Bad advice alert,... I've played Anglo short twice and on my third now,.. 333 to 317 then 316 to 292 then 297 now to 383 and really i had 278 jotted in my notebook for friday and well it touched it,. so i still think it has to test 270 before it turns up again for a while,. but y,.. It's a short if you ask me,. My portfolio shows 90% profit at present,. the last two weeks done me wonders,..
looking at the topi,. just bust the 200d MA after testing it early feb,.. As it has bust that low, it has to go to 22000, last 50day MA support,. That's about 7% below where we are now,. so y, not too much more to go,..
I wasn't in the trade that time - working for a boss and didnt know anything about shares but after 9 months of full time trading - yes i will definitely do it now - now that i know what it's all about and i can tell you Anglo is one share most widely held by big fund managers and if it drops to 100 - you jump to buy it. Hope i answered your question?
OK, I am going to have a shot at calling this. In the last year, AGL has had 3 price ranges that have attracted a lot of volume / action. The R320-R340 range, the R270-R280 range and the R220-R240 range. Since we have just rejected the R270-R280 range, even money is on it reaching your entry price again. So if you need to get out by August - take whatever opportunity you get to get out at your entry price, or close to it - which we should, with a bit of luck, be able to reach this week still.