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Any Ideas on OML movement

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Super Contributor
Hi. My exit strategy on my OML SSF long says exit at 720. The price has touched this point. Should I stick to my strategy or is greed good?? Has anyone else got an idea on wether OML is going up or down from here?
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52 REPLIES 52
Regular Contributor
My exit strategy is at 690. Stick to your strategy. If the share goes down you'll be happy you did - if the share goes up and you did not stick to your strategy, you'll get rewarded for not sticking to your strategy. You'll learn a bad habit and one day it will cost you a lot more in money and confidence.
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messager
Contributor
Watch Kokkie Kooyman on you-tube on moneyweb.
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Super Contributor
Thanks. Any idea how long OML might hold it's current price? Is it a good idea to change my posttion from long to short in the 700 price range?
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Not applicable
If you're sitting on a profit, why wanna take a risk in losing it? Put in a stop loss and wait for direction OMO
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Not applicable
I'm waiting for R8,50 - R9,00
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Super Contributor
Thanks. Are you dealing in SSFs or straight shares?
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Not applicable
Im also waiting for that, just hope it goes there..
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Super Contributor
OML seems to be stuck in the 700 plusminus 10 range. Hope there's no profit taking next week.
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Super Contributor
Methinks you will soon find out whether greed and procrastination is good...
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Frequent Contributor
if you wait long enough will reach R10
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Super Contributor
i'm holding a call warrant at the moment,yes slightly down in price,my stop-loss is further down,but have hope of a recovery on Monday.
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Super Contributor
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Not applicable
3 bucks for OML?? Theatre arent all ur species "the bears" in hibernation??,yourll can come back in may for now its the bull run..Dow back at 9000 soon,watch the space
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Not applicable
Yeah the next 2 weeks should run up very nicely. I got in at 7,15, have no doubt it will be above 8 by end of this week. I'm feeling very bullish this week.
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Not applicable
Not a good start to the week
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Super Contributor
There are so many possible issue that could jerk it either way - nuts to make up your mind about where it's going. GM etc are just the start. Then G20, then U.S. data.
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Not applicable
Don't you just love daytrading ???
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Highlighted
Super Contributor
Not really - too jumpy :) I'm more of a long-term oke but this is a mad time, so I'm a SSF boytjie this year! Still, good to watch for the insane deals and snipe them as well.
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Super Contributor
651c..... Rule number 1 - never disclose your position. It creates too much unwanted opinions/emotional pressure.
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