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FSR and ASA-Near or on support levels. Is it time to start nibbling?

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Super Contributor
if you are investing (for the long term), one of the nice things about banks is there strong and consistent dividends.
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Super Contributor
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Frequent Contributor
Gosh ! what am i missing here ? why do you guys think FSR is such a buy ? I look at this with my very rudimentary TA and i am not touching this thing unless it breaks 19.30 convincingly. Conversely, if it breaches support can anybody recommend a nice put warrant ? ;-)
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Super Contributor
A day later (and with the power of hindsight)I think the answer was yes. Question is. What will the Financials do today? I think we will see another run 1.5-2%.
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New Contributor
Fed rescue package doesnt fix the underlying mess - I agree though financials should run today - 2% across the board. Lets see what happens ;)Gavin
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Super Contributor
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Super Contributor
OK. I give up. Up, down, sideways!. This is worse than Gold Reef Cities rides. Still think Financials will make a good run for it.
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Super Contributor
Buy asa at R 99- R 100 sell at R108 buy SBK at R 89 and sell at R 96 have a look how much money you can make doing this.
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Super Contributor
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Super Contributor
will sbk ever break the 100 mark if everyone does that???
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Super Contributor
well thats whats been happening for quite some time now and the guys that are trading short term are making a killing, will it break R 100? eventually but right now buy on support and sell at resistance and join the happy crowd of money makers.
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Super Contributor
Whats Happening. Fin shares dropping rapidly?
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Super Contributor
banks following the the overseas banks with more bad news about marging calls not being met, and our banks follow like lost sheep in the dark. Its just as i said in my post above keep an eye on it and youll see what i mean. Traders by now know that any bad banking news in the US and our banks follow so short term traders are using this to their advantage, only my opinion
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Super Contributor
Heard the ASA sms beep. Now for Standard Bank.
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Not applicable
I'm with you on the SBK Asylum - works like a charm. For better profits gear it with SBKSBM. 'Tis a thing of beauty to watch. Although this time round, I'd be a little cautious because it may not stop falling at R89.
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Super Contributor
Platsak is that your bid 17000 ASA shares @ R 100.
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Super Contributor
N0 it was the 10001 one. Second buy.
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