Absa heading for glory

[SimonPB]

if better then expected, we rally .. if worse, things get interesting .. at the moment the market is ignoring bad news, so depends how badly they miss .. due before the US opens, so before 3.30pm ..

[#2]

I can tell you now its gona be better than expected. 100%

[SimonPB]

yaya .. by a smidgen ..

[#4]

the question is: Is better than expected priced in already? The market rallied when Meredith Whitney upgraded Goldman Sachs because she said the results are going to be better than expected. Im short at R113-00. Not looking like a good move now. But lets see where it goes. Stop is at 118

[SimonPB]

ignore GS, focus on your stop .. if hit exit .. tis all noise .. price is the only thing ..

[#6]

$4.93....beat estimates by over a dollar

[divz]

even with GS good results the dow or GS shares did not do anything so maybe all news already priced in

[#8]

I dont think its been priced in,GS will fly later this afternoon..Its taking a while for the brains like Simon to get the whole view on the earnings..Whats it made up off,etc

[SimonPB]

nah, maret responds immediately .. an then there is the tail .. but always an immediate response .. was most likely priced in last nigth after the upgrade ..

[#10]

Simon as an expierienced trader,how would you interpret news such as "ASA loses 44bps of advances" etc. would u take advantage of the oppertunity?

[SimonPB]

I ignore news an that statement you quote means nothing to me anyways ..

[#12]

He he he, I was expecting that response, I got that quote from Std Bnk's Daily Standard simonthenewsignoringonlypricetrader

[SimonPB]

lol .. www.simonthenewsignoringonlypricetrader.co.za .. thinks me likes it ..

[#14]

So Simon where do you see the banking going in the next week or so??Set new 52 week highs?? or pullback??

[SimonPB]

I don't look forward because simply I can not see into the future so it's just a guess which is worthless .. I am long this market an all I do now is manage the exit ..

[Electrox]

Simon are you Still long the orignal lazy system or a new entry from yesterday? thx

[SimonPB]

went long monday at 4.30 .. no exit as yet ..

[Electrox]

thx simon,But why on Monday though? i see the 15ema only crossed yesterday.. correct me if im wrong.

[SimonPB]

crossed friday at close, so that was trigger .. confirmation was green on monday at 4.30 ..

[Ninja]

Can I ask a question re ma crossover......what time periods do you use as an entry point for the short over the long ....I am currently using 9 and 21 days.