Coal is hot !!!.....(cza)...They start mining their Vele ops next week... Investec say they are worth R21 per share...Jp Morgan say they will be worth R42 once they start the Makhado Colliery next year....Dont say I did not tell you about this one...!!!...oh yes, they went up 9% today..
Brazen....look at NPN......setting up for a nice short......if you want to trade an index I can't see the Dow moving through resistance at 10360.....nice short comming up. JSE is running out of steam and is in the short zone of 27150 - 27450.....another nice short setting up.IMO
I'm in favour of long Coal - think, winter and world-cup in one go! also shorted the NPN on that nice pull-back. long market this morning for a potential gap close, or at least part thereof. For some reason the StxDiv is looking rather solid.