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

[platsak]

FSR and ASA near or on support levels. Standard Bank still a day or two of. Must admit that these shares are starting to look (a bit) juicy again.

[#2]

I agree 100% with you!!!

[john_1]

A piece of advise...Buy winners and Sell losers. If ASA is losing money its not a buy. Just as ARM is not a sell. OMO

[#4]

If you like buying off support levels,wait for a green day,ie a reversal candle and then hit it.

[platsak]

Thanks. Very sensible advise.

[barry_1]

if u want the Interim div,then go ahead and buy its then cheap,as the LDT date is Friday,u must hold on Friday to receive it.On Monday in theory will only fall by the amount payed out.But in this climate we are in really ,don't u think it will fall further?OMO

[barry_1]

p.s. i'm referring to FSR....ASA final LDT date is past and it seems to be weathering the storm well,itseems the stronger of the two OMHO

[barry_1]

p.s. i'm referring to FSR....ASA final LDT date is past and it seems to be weathering the storm well,itseems the stronger of the two OMHO

[#9]

Barry has a well known trading strategy involving dividend plays, he has been very successful with it. John hit the nail on the head, why buy weak shares? Don't be impatient, buy when the trend has reversed. As for me, like I've said hundreds of times, I'm still very much short on all the banks and will only start to get out when the banking index has reached its downside target from the double top formation. I believe that with a bit of patience you will be able to buy these shares at an even greater discount. Most important question though, what is your trading strategy? And another question, why is everyone so Gung Ho about FSR? They are clearly the weakest of the four major retail banks and they just released horrible results. On relative strength Standard Bank is your best bet.

[Preston]

Thanks for invaluable analysis Mr Warren Buffet.

[Wizard]

Greediness comes into play here. FSR has fallen the most and hence the idea it can't fall any further. Beautiful charts! That is where you come in make your money! Yes the trend is down and no results or fundamentals are supporting any bull run in the near future. Yes fundamentally SBK is the strongest and the better loser of them all.

[#12]

All depends if you are a trader or long term player.I reckon a short term long trade on fsr around the R16 level could be yummy..

[theyoungster]

money moving into banks..most banks are up(well for now that is)...

[asylum]

ARM? John

[TheoPrinsloo]

If you want to go long in the financial sector does it make sense to get calls (i'm trading warrants) on multiple banks or should you choose only one. I bought FSRSBG when the share was at R16.28 but want more exposure in financial and am not sure whether i should stick with FSR or go for SBK. If the financial sector does well then both these stocks should also do well. Should gearing be my only concern? Thanks

[DCTrader]

Does no one feel that INL is way oversold? Seems to be overlooked when talking banks and fini stocks. I know it's not the greatest share, but it could offer more value if the bank index rallies...

[asylum]

Have never traded warrants but what benefits do warrants have over ssf if any. From what i understand is that warrants have a time decay factor which ssf dont have so whats the catch for trading warrants over ssf?

[john_1]

African Rainbow Minerals..... up more than 50% year to date in a strong uptrend and has continued to have possitive days when the general market is red. Has loads of exposure to platinum and is the countries biggest BBE company.

[john_1]

up 4.4% today while the banks are flat.. on a red day... this is always a good starting point when looking to buy- relative market outperformance.

[asylum]

Thanks John yeah interesting have put it on watchlist, will do some homework on it tonight, i still dont understand why a lot people are still looking at banks short term when there are companies like the one you have just mention that are creating returns that the banks could only dream of.