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Online Share Trading

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HARMONY

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Not applicable
I think Harmony is waiting to really fly! Lots of support at R78 and most of the negativity already accounted for Think we will see a big move within the next week
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37 REPLIES 37
zindc3
Contributor
Man i hope you are corect.
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jack12
Super Contributor
low vols at the moment
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Not applicable
some big sellers have been offloading all gold shares. Gold rand is rallying and not affecting gold shares. I am sure we will soon see gold shares shoot 20% up! Gold has also bounced off support and on the move to 1100.
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Not applicable
Agreed, Rand weakening, Gold price moving up nicely and gold share stagnant - Think it is brewing..
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Not applicable
Some brews turn out to be real nasty though so watch your ingredients...
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theyoungster
Super Contributor
my target is NAV + 10% for harmony = +/- R76/ share simon if you reading this remember when i mentioned about REI trading below NAV look at her fly !!!
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Not applicable
what does NAV meen. What do you use it for.
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theyoungster
Super Contributor
net asset value, find it under the companies financials
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Fredsed
Super Contributor
Buy the dip and hold
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Not applicable
I said you must watch your brew ingredients (money). This share has next support around 70/71 so a ways to go still. If you into longer term holding buy dips but watch R/gold and GLD index.
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HateGauteng
Super Contributor
The gap on the 2-3rd Sept has closed! ow ow ow! What now????
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HateGauteng
Super Contributor
Has support been broken?
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theyoungster
Super Contributor
gold mining stocks dont corrolate very nicely with technical analyst, thats why they so unpredictable, so many factors affect them
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Fredsed
Super Contributor
R/Gold = GLD which misleads for share price action during same timeframe. Even longer periods. One year: GLD is minus 10% whilst most all JSE gold shares show hefty upside.
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Not applicable
Gold currently hitting new all time high shot through 1070 to 1082 a bit earlier. Possibly broke through 1070 resistance like mad because India buying IMF'S gold? Anyway!!! - Rand still holding up nicely @7.95 now. GLD price is 8,565 ....WOW! (up almost 20% last few weeks - crazy stuff) I say 1-2 weeks GLD will be close to 9,000... When gold shares are going to take off, it will happen fast, very fast ;-P
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theyoungster
Super Contributor
yip i got my price for HAR today R76 :D stop loss 69, was a good entry i think,
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HateGauteng
Super Contributor
You must be smiling. I got in at 78, my stoploss got hit and I got back in at 76.50. I've recovered the loss and in the money today. What's your exit strategy?
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theyoungster
Super Contributor
my exit is at R100/share.. but i probably will hold for the long term as HAR payed off all its debt.. its increasing production...ts now a dividend paying company... its still trading at a major discount to my analysis.. so will probably exit when negative fundamentals come out regarding the stock.. whats your exit strategy?
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Not applicable
I'm out at R87 - Could easily go higher but happy at that level
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