Chartist, re BIL and PPC

[#1]

Have you watched any of the two,?Time to go short on bil and long ppc?Any input will be appreciated thanks

[#2]

I don't think long is a good option in the current environment... don't try and catch a falling knife. Did u make lotsa moolah when said to go short SBK? I believe BIL has much down side to come, target R153. I'd also like to hear what C says.

[#3]

I agree. PPC approached major support around 36 and one should probably keep an eye on it for the next little while before taking a long position - I don't know if the public have approved of the plant expansion in Riebeeck-West which also might be a point worth taking. I've always been a bit scared of mining stocks as i'm quite young, have limited capital and am pretty new to the futures market. Having said that, I'm short EXX. When there is a possible Merger on the cards isn't it wise to short the predator (BHP) and go long on the prey (RIO)? I read that under a long-short hedge fund strategy. Thanks for your comment and in advance for your replies.

[#4]

Kim...I dont have anything specific on these but I am doing 2 vids which will give you some tools to do the analysis yourself...

[jamoo]

great stuff chartist. can't wait to get tools.

[#6]

Thanks guys. i made 25% bilstb and 30% mtnsbj, sold today and yesterday, maybe to quikly out of bil, but my aim is 25% per trade .Chartist any info or tools greatly appreciated.

[org]

Yes I will wait a bit before shorting bil, it is running up on its own momentum currently

[#8]

org we have retraced past the 61.8% level which is a danger sign for shorting....good chance you get caught out...wait for the lows to get taken out

[platsak]

To the voices of reason. Thanks. Got out of my Bil long. Even made 3k after I was substantially down. My greed or lets call it unfeasible hope almost made me stay in (again).

[#10]

I'm staying!