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HAR long for the week?

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GOeie more Suid Afrika just a matter of interest, who all is going long on harmony for the week?
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Super Contributor
I'm long since yesterday. HAR turned sharply on support, with a spike in volume. Indicates to me that a lot of buyers entered the market and that the support line is strong. Makes it look like a high probability trade. But I can't guarantee I'll still be in at the end of the week. Could be another day, could be a month - depends where the trade goes.
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Long since Friday on SBM @ 21
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Contributor
Yip, long on the SSF. Initial target R120 & stop loss at R95.40 on the underlying.
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I,m still adding.
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Super Contributor
Since last Monday AMSSBE up45%,AGLSBH up 27%,all with 12% stop-losses. See my original list on Warranrs in chat forum.
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wtf, not looking bright for the day, whats up with that any views whats causing the drop, surely its gone out of the oversold position it was in?
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Frequent Contributor
Hi, Stupid question but what does one mean when they state they are going long or short on a particular share??
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Super Contributor
Going long means you buy, thinking the share price will increase. Going short when you think the share price will decrease.
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Understatement. To make me feel better I added to my position. Now I feel a lot less [email protected] Hope Im not gonna regret this tomorrow.
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Contributor
In a week or so you will be smiling ... Fin Sector at its end ,,,Gold Sector turn ... Mark my words
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Super Contributor
Hi Georgem. I'm also holding HAR, and not pleased with it's performance today (or mine - I pulled the trigger on my trade a day early.. too clever once again). My stop is just below the close today (on support again - hoping it will hold). If HAR looks to close in the red tomorrow I'm out. You should avoid adding to losing positions - on average, it doesn't seem to work. Keeping and adding to winning trades is a good idea.
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Does anybody else see the head and shoulders in HAR? Neckline joins 20/11/06 with 13/12/06.
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yet another red day? ur views
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Thx for the advice Tango. As usual u were right. I pulled the plug on my warrants early this morning and theyre still falling.I went short on TOPATP.In my opinion, theres stil quite a fall to come. What do u think?
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Hi Vusi. I hope youre right cos plenty people gonna get hurt if they stay in too long and it keeps falling. I played it safe, got out & went short on Top 40. Good luck.
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GeorgeM and i have more in common :) Also went short TOPATP yesterday. Looking pretty.
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The JSE what a Fcuk up same goes for harmony!!! wheres the harmony in harmony? i didnt invest so much but im gonne ride it out i just dont understand why she keeps falling, i think major shareholders are [email protected] in their pants about now, watch it turn around and soar to new hights in the near future
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