FSR-Whats wrong

[platsak]

All banks up except Firstrand. Any negative sentiment o news out there?

[Preston]

The reason FSR is down is because RMH is down.Positive correlation

[DCTrader]

Yes, positive corr... but that's not the reason.

[Preston]

DC Trader do you know the reason?

[surfer]

Well in my view as much as we like to think we know the market as well as we do,we cant not quite really say who the sellers are.Who knows maybe some granny needs her money Today.She might have a large holding and is selling her FSr's.Basically What i am trying to say maybe there is not really a reason just random supply and demand

[Preston]

Or maybe there is?

[Wizard]

Just short it and u won't have a problem. Next stop R15 or so.

[DCTrader]

No clue... but FSR isn't going down cos RMBH is going down. They like peas in a pod those 2. Guessing it's cos there was/is some financial info and results coming out of UK today. The usual credit babble and credit default and all that fancy jazz... given up trying to make sense of it all.

[mehroon]

My daughter and I are both in FSR and RMH. It is a torture to watch their price performaance, especially after the strong recommendations by most experts on these.

[Preston]

Maybe you can enjoy the div's.

[barry_1]

hi Micky,i see 8 experts all say buy,i'll buy for sure nearer its final div, in the latter part of the year,but at the moment feel absa is the strongest buy ,but i usually sell after it goes ex div....up to now standard has not performed up to expectations,how ever i can now see its getting direction and this is where i'm now going to focus my banking efforts...nedbank is really too volatile to consider this year...only my opinion!

[DEP]

Today and tomorrow's Hedge fund play: "sell FSR buy SBk"?

[barry_1]

hey poet,seer,profit,thats darn good,now put,John,Chartist,Makadir,Preston in youy next post?