Equity is still way too expensive on the JSE

[Preston]

Robbie, Robbie, Robbie...always consider the Present Value or time value of money into account by discounting any appropriate risks.JDG is a dog share and it could take you 20yrs to get your money back during which time i might have recieve 20X of the BEE loan. I see i have you confused...first liberal white and now a BEE candidate.

[Robbie]

Your heart sounds black enough to be a BEE canidate. Liberal whites have always been enemy nr.1 for this country. The wheel is turning and future will deal with your type of people, in a very hard way.

[Preston]

Robbie, Robbie, Robbie...sorry dude , damn you are wrong again.The latter part of your response sound like a quote from the book of Exodus. "The spirit of the lord will come to pass and will not touch any house that has a blood marking ,all others will be subject to the wrath of god"

[Robbie]

Good to hear you know what's waiting for you !

[BRE]

It doesn't matter if you're bought too early and you're prepared to wait for the bull to bail you out, but I'd rather wait now and be sure that the botom has been reached before I get in. But that's just me :)

[Robbie]

Why don't you tell us who and what you are ? Here is what you said yesterday: "When i was growing up, i could only smell the sea breeze from 10km away. I neva knew what seawater was until i was 36yrs old." Now you say that you are a liberal white. Why did you not go to the sea ? You sounds like a real bullshi##er !

[louisg]

Bre, which indicators do you look for to be sure that the bottom has been reached?

[BRE]

LouisG, I'm not worried about predicting the bottom because there's no indicators that show you the bottom, investing would be easy if it did; but I want confirmation that prices are rising so I wait for prices to turn. Sure, I don't make as much as I would if I guessed the bottom correctly but my risk is far lower. So I'm not saying you're wrong, but that you're appetite for risk is greater than mine.

[sk_1]

Hey Preston, sorry you missed the rally during past two days, I,m long on banks right now.

[louisg]

Bre, what you say makes complete sense. But how do you know when to get in? Eg. some banks have moved 15% in 2 days. Do you get in now, is this a dead cat bounce or do do you wait for the share to go up another 10%? I just want to understand your thinking.

[john_1]

The answer was a week ago when it broke its relative under performance down trend.

[Russ]

Louise,you earlier said that no one knows where the bottom is. That's not true.You can always see your bottom with hindsight.

[BRE]

No, not interested yet. I'm expecting a pull back on profit taking, depending on the volumes at the pull back, I'll get in once we move up from the pull back. For me there's still a lot of issues that we need to get past before I'm comfortable with getting serioulsy into the stock market again ... I have a feeling we're still in for more down side, so I'm happy pulling a safe 10% or so in the money market and just trading with 50k in the stock market, with not long term possitions.

[louisg]

Rus, that's true, BUT how would use that information.

[louisg]

Thanx for your response BRE.

[Russ]

I don't know but at least you know when your cheeks are red.

[john_1]

LG Send me a mail to [email protected] I want to show you some market porn... Charts diplaying a bottom.

[#18]

Time the sell. The fall is likely to be big. An over reaction, as are current prices. Been waiting for the fall which dunna happen yet. But banks first to rise, and first to fall from (intraday) highs

[louisg]

I deserved that.

[Russ]

Don't worry,I've had red cheeks too.Often.