Good point.I just like the solid support (can put in a tight stop loss),there is a buy divergence on the daily chart,and is over sold on daily and weekly chart.That said,the downtrend might still trump all those cards!
Trying to predict the turn only makes your broker richer and you poorer. Why not wait for the turn. Last qtr 2012 it hit resistance at 715. This may now become support. If it dips below 715 then who knows?
SABC etc tardiness ,with digital TV the cause of delay in implimention caused most problems.It was first supposed to go ahead in 2011,the was put back to 2012 and so on now supposed to be done by 2015.At the beginning ELI with Altech held a virtual monopoly,now not so in supplying boxes and now all new TVs have the apparatus included....It will still gain but at a slower pace.It has diversified and is not so focused now.
Q1 - Why so much derivative / collar activity with Directors. It seems they spend more time looking at share price than managing the business. Interesting that these were mostely over R10 strike prices. I have no problem with directors hedging something, but not this much. Q2 - the second half earnings growth is markedly down. Why ? Was the 2012 Eskom project revenues a once off and is that why earnings have now slowed. Q3 - Shareholder prefer slow steady growth. I am interested in managments comments ? Have they not tried to hype things up too quickly with Digital TV launches etc etc. Now share price is suffering. Q4 - I like shop within a shop concept stores, so well done on this initiative it is great. Does it make money ?