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Am I missing something??

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Contributor
Why is this share price dropping the way it is?? Am I missing something here??
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7 REPLIES 7
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Super Contributor
That chart does not look very good.
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Super Contributor
not sure but dont they import? rand weakness cld be a killer...
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Super Contributor
Great results but drop from LDT for a small divvie. Support and 61.8 fib re-trace since may low at 1604.Monthly and weekly trend still positive,so it still has momentum. If it closes below 1604 today then decide why you own it then flog or accumulate. Me, I will be looking to buying as long as medium term trend holds.
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Contributor
I believe their fundamentals are still good..just wonder if there are any negative developments apart from the rand weakness.Management has shown resilience in overcoming this in the past. They should still be able to do so. Remember this is the same company that still showed a 20% increase in EPS through the lean 2008/2009 years.. So perhaps a buying opportunity here..?
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Not applicable
if the MACD 12 and 200 goes red m out
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Super Contributor
As it is a medium term hold for me I am watching weekly chart and 50 SMA=1520.No decision till then except maybe buying some more if it turns before then. Weekly MACD black still above blue.
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Frequent Contributor
What is the general consensus for this share.. I've had it for most of 2012 and has done well, I'm just concerned I'm a little overexposed.. Any thoughts on where you think this share is going :)?
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