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 ? ;-)
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.
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
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.