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Online Share Trading

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Big move comming.

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Super Contributor
Skaapchop - The Bollinger band is starting to squeeze the price of HAR. It's bound to make a jump up or down, it's just a question of time. The gold price is incredibly resilient to any form of downward momentum at the moment, but I'm weary of a gold price correction seeing that gold is overbought at the moment. I'm also excited by the prospect that when gold really starts to run, there is nothing like it. The anticipation is killing me. Once the guy in the street starts buying the stuff, which I suspect they haven't then it's time to take your profit and leave in a hurry. Until now the price of gold has been driven by central banks, retailers and institutions. Gold EFT's are also recent phenomena, and I'd love to see the impact on those then a real gold rush hits the streets.
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Very Very Very surprising to see gold broke through 1074 resistance over night!!! I honestly thought we were going to correct to 1080 or so. We now on the way to 1200.
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snap1, you are surely the most enthusiastic Harmony fan Ive ever seen.
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haha harmony is useless. What a waste of time and energy trading it the entire year
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haha harmony is useless. What a waste of time and energy trading it the entire year
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Super Contributor
All trades are a bit of a paradox, inside a conundrum, wrapped in a dilemma and subject to the roll of dice. Young bears have been having some heavy squeezing and step back with anger for some more.
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Higher volume then usual this morning - 740,000 shares traded in an hour
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Briggs (in saying R9.50 to the dollar is needed...and, and, and....) is talking this share down purely for the benefit of his negotiations with the unions re the retrenchments. ZAR/Gold price is up 20% since the last quarter on which the most recent results were based - R 1500 extra per ounce selling price makes a MASSIVE difference to those results....and Harmony is increasing production whilst overall SA production declines. I don't think it's a very clever idea to short this at this stage.
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Briggs (in saying R9.50 to the dollar is needed...and, and, and....) is talking this share down purely for the benefit of his negotiations with the unions re the retrenchments. ZAR/Gold price is up 20% since the last quarter on which the most recent results were based - R 1500 extra per ounce selling price makes a MASSIVE difference to those results....and Harmony is increasing production whilst overall SA production declines. I don't think it's a very clever idea to short this at this stage.
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1,200,000 traded now - that is the around the average daily shares traded
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still sitting on a huge cash pile as well?
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............and we have lift off!!!!
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Contributor
hope you right. Where do you look at selling your HARSBN. If HAR can reach R85 then i will be smilling.
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Valued Contributor
how much are they increasing capacity ?? and what is their cash pile ??
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R110 has been my target the entire year..but wait and see what happens (maybe sell at the R97 resistance if that comes)
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Contributor
not a big move but i love seeing anyshare going green on my price streamer.
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Super Contributor
My thoughts are as to wether to take small profit and re-enter at a lower price and risk missing the breakout; or to leave it be and wait for the breakout like I've been doing for the past month. Decisions . . . decisions. Perhaps, I should just shut-up and stick to my exit stragegy of 88.50.
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Should technically break through 89 this time around to the next resistance 97 or so..
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Super Contributor
When it does so, it'll probably gap up past my exit point.
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HG, my advice is not to try to readjust a position based on pullbacks, because you introduce an extra element of risk, namely the risk of missing out on the rally. From a trader's perspective, this is the worst kind of risk, because you have already exposed your capital, so you are relying on the frequency of your winning trades to put you in the black. Missing out on a rally, for the sake of a few % points pullback, is not viable IMO. P.S. Don't read this to imply that I am bullish on HAR, just commenting on your pullback strategy.
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