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Is it good idea to go long in SOL now?

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Super Contributor
what is your opinions on this one? i think it must go up, and you?
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12 REPLIES 12
Super Contributor
What do you base your decision on? Currently, it is going sideways after a downward movement. Not showing willingness to go up yet.
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Super Contributor
Sol now lower than one year ago. The market over reaction is simular to what happened to Edcon It will have to go up.
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Man1
Not applicable
The dollar oil price seems to have bottomed out at 49USD (15/1/07) and is clawing its way up to its current level today of 53USD. It is only a matterof time before some event in the middle east pushes the price back-up towards the 60USD level again. As Sasol's sales are USD based they score. Thus a recon it is a buy at anything below 23500c. Then wait for the bounce back towards 26000c (where it was on 2/1/07)
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Super Contributor
yes, i also thought it is bottoming out and plan to make a short term trade in ssf's, started it today.
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Regular Contributor
why is the weekly time decay on SOLDBO 0?
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Not applicable
As an SOL share price is now very low compared to the last 11 or 12 months ago..... Considering some investors' buying behaviour, I can smell more buyers than sellers this time. Of course this will lift the share price up (and sideways considering oil price). I mean that the share price may go up but slowly.
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Super Contributor
'Low' or 'High' is irrelevant. Compared to what? Is the price supported by earning? Even if it's not, the market can remain irrational for a long time. I'm sorry to be blunt, but in spite of your assurance that you can smell buyers, it's pretty clear that the sellers are in charge of SOL right now
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Mr_Gold
Contributor
Ek dink nog steeds die uitverkoping op olie, a.g.v. die warm winter in die Noorde is een van die grootste probleme. Kyk maar terug op die grafieke verlede jaar, nie so groot nie, maar ook dip vroeg in Januarie. Die wisselkoers is die een wat my bekommer. Kyk nuwe Finweek. As die rand verstewig teen dollar - SOL probleme. Ek sit op SOLSBG - nog nooit voorheen gehoop die olie prys gaan op nie. SOL het my gevang, ek het gedink hy gaan al op die vorige weerstand omdraai. My opinie, KOOP, Sol is totaal oor verkoop kyk maar na MACD en Stochastic!!!
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Frequent Contributor
If oil breaks $50 it's next stop is $47,and quickly.As I write the gold price is up $8(on US inflation data),but the gold shares in the US are not doing much.All hinging on the oil price,which is on a real knifes edge
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Super Contributor
America claims the bad weather came too late to have any effect on prices.Venezuela socialist move seems to drag on for a while.My stop losses happened when i could not go on-line.Decided to stay out for the time being,till events start to move the market again.
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Super Contributor
i was also stopped out today. i will wait for some confirmation of a trend change before anything on this one...
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Highlighted
Super Contributor
Oil may be oversold at the moment, but the market can remain oversold for a very long time. If you are sure oil will rise again, wait for it to happen. Don't try to predict it and go in too early.
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