CFR

[sponono]

Dont think we will reach the R150 level after all. Have taken a small short. Plan to add some more below R100. Stop loss R106. Target R80

[#2]

I'd say if there were to be any inflection point for a dowside trend on CFR, it wouldve come in the last week. Swatch, Burberyy etc all much better Christmas period than expect... Don't think upward move will be as fast, may sideways trend from here. China is tightening up on gifting policies hough, which will only reflect in volumes end of the forth coming year in my opinion