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How low can she go!!!

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What's up with AGL (& Bil)? Heading back to R150's (& R160's) again? Though the bear market reached the bottom...
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strong rand reportedly has something to do with it. As exporter we receive fewer rands for each dollar paid if prices are in dollars
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Valued Contributor
well maybe the bear in't over ?? either way ones investing/trading has to exclude calling the bottom or top as you can't .. so don't even bother trying ..
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Agreed... no one can call the bottom or top. As an investor, just need to be comfortable with the fact that if you buy now, the prices may go lower, but with 3-5 year horizon, i reckon these are decent levels to start nibbling at
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Super Contributor
Invariably, it will fall just beyond your stop loss/close out point where after it will reverse course. If you do not close out and your stop loss it will not revert course and will continue straight down...
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Not trying to call a bottom (..."though" should have been "thought") but with so many articles hinting on a recovery e.g. "The odds of a depression have diminished substantially for now," said Kenneth Rogoff, a Harvard University professor and former IMF chief economist." its difficult to believe that it can still go down much more.
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Super Contributor
As I said last week..the DOW and FTSE had reached the top of their bear channel which means further downside if they did not break out...so If they go down so so does everybody else and if the move is is sentiment based then the big heavy weight must also go down as they trade as proxies to the market.
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Super Contributor
just remember nobody can tell the future....even harvard profs...prehaps especially harvard prof's as they are constantly involved in the theoretical.
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News out, bottom has not come yet. Lots of blood still to come. EVERYTHING IS NOW A SELL SELL SELL!!!! GOLD IS NOW A BUY!!! BUY!!! BUY!!!
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talk about profs not necessarily being correct, professor holdstock (a psychologist) wrote a book in which is stated that some experts believe some postgraduate qualifications are some times detrimental in that they encourage entrenched thinking. intellectuals have to PUBLISH OR PERISH wich means if they dont write conspicuously they could get fired. I am sure our current education system was implemented by people with doctorates - the kids can sometimes hardly add or multiply without a calculator.
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