You are smart Girl. I think you going to be around a long time. Yesterday I wavered to take profits on my amplats up R5ooo now down R8ooo oh! well. I still get stuck between investing and trading it is my biggest mistake that I make over and over. ( I am not investing when using geared instuments.. I am such a dummy)
John . I am playing around with an idea and i kinda need your advice on the feasibility of the substance of the idea. I would really like to buy bank shares for 60K on assumption that 1. The shares are relativity cheap 2. An Uncle Tito will leave interest rate unchanged. Zarp made an interesting point when he said that Tito is the ex minister of labour and giving the fact that Govt is offering 6.5% wage increase, if interest rate increases tommorrow and if we were to discount the increase in interest rate into the Salary negotiation offer of 6.5% , then that offer become like a 5.8% increase. There will be no end to the strike...omo. Any thoughts?
Bank shares are off over 10%. Why try call the market, wait...If he does not raise rate then act, Personally I think he will and so does the market hence the moves down already and in fact the market is already pricing in more than one move, I think, so basically I think you are behind the curve. Cheap is a very relative statment.
You're no dummy. It's my no.1 problem too. I keep thinking, but it's a great company, it's gonna be great in 5 years. You have to rid yourself of that investment outlook. Also seen the value of EOD stops. If it closes below I sell, no matter what it does the next day. Selling into that opening strength on SOL seemed crazy. But those levels don't lie. It's like the market tells you, and then very kindly offers you a grace period in which to get out. If you don't listen you get royally f***ked.