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Online Share Trading

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Big move comming.

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Super Contributor
The last time har formed a pennant pattern it broke out on 2 sept with a gap. If your stop sits in that gap it's gonna be ouch. I view the current tight range that har is trading in as a spring being wound up tightly. Sooner or later its going to go "boing". Hope it does this before month end, I got bills to pay . . .
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still not convinced - HAR has moved what 1,5%? So now I am sitting at my entry level. This is a weak stock, with weak fundamentals and the downside reward is a helluva lot more attractive than the upside possible gain. If I get stopped out, so be it, but I mean if htis gold price STILL can't move SA gold miners out of hteir slumber, then I don't know what event will
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everyone was saying we hit 9,000 and gold shares will go mad... and then ???
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you people must realise it is only just breaking out a bear channel, it can;t just shoot up 10000% in one day. Give it time. 70-80 is strong it won't fall under that for now.
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Super Contributor
someone just bought or offloaded 108 000 shares at 8072
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Super Contributor
Its not a sell, so it must be a buy
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Valued Contributor
well no a trade is both a buy and a sell ..
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Super Contributor
are you trying to spoil my fun?
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So far the trick is not to panic....buy to strength and wait for drop again.
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Super Contributor
With a pe of 35 and with volumes so low can this share really be a buy?
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platsak, of course it is a buy.... for a short that is ;-) Longterm holding...not for me right now thanks
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Super Contributor
Something is about to happen with HAR. Trading in a very narrow range, but for the life of me I can't really figure out if risk is to the downside or upside. Will have to wait for the break before I move on this one. Tried to anticipate a few opportunities and it backfired because I didn't wait for the confirmation.
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Rand gold price has only ever passed higher than present on two occasions, late 2008 and early 2009. in both cases harmony was trading significanly higher than now. There are serious issues here that are not coming to the fore. Also, at a PE of 30, as an investor, you will be wanting to treat this as a growth stock, and given the state of SA reserves, power supply issues, the ever increasing cost of labour - that loud mouthed idiot calling for mine nationalization, current layoff processes, declining production, etc - I can't see how an investor would be attracted. My short still stands on the premise that a correction in the gold price will reap significant rewards, whereas a rally in gold from here doesn't seem likely to cause any fireworks
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Super Contributor
Well, it could be that all the bad news has already been factored into the price, and that a significant move could push it much higher ?
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how much more significant can the gold price get? i mean it has pretty much leaped at massive rate, with pairly a ripple in the HAR price, what does it need to do now - double?
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Super Contributor
I suspect its this sort of fear that drives a bull run . . . Thanks Skaaptjop. I think I'll hold onto my long a little while longer.
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Still holding my long.... needs to break out and fast
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if you compare the R Gold price HAR should have been at the R105 R110 level. Heavy behind.if you thake the chart from 20 feb 2009.
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thats if you may use it like that. not sure.
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