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Online Share Trading

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CHATTYCHAT
Super Contributor
This share plummetted beneath yesterday's closing 107cps to trade on 105cps, only to return to the more obvious 115cps where it should be. Any reason why a person would test the wind with a low blower like that? Is it forgiveable as it occurred 7% below ruling?
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4 REPLIES 4
analyst
Frequent Contributor
they are trying to push the price down
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sparrow
Contributor
Lookimg good for 120++++ recently issued sens that earnings to March increased 20-30% over forcast ie, expecting 15c odd at current levels PE on a fwd basis would be 7.6 - how would that compare with Alert - Arcmittal PE a cool 16+ but we know why that is!! With resources running and the high pe's on the main board a pe of 8 should hold so should trade at 120 +++ esp given the likely hood of some corporate activity in the near future ... Watch this space !!! also see Alert - similar but smaller and technicals looking good - with higher prices theres higher margin ability Dont have the all the stats but after some strong buying on the day Tuesday a last trade hit 14 shares off my bid at 107 ( cost R15 plus 100 in costs irksome !!!). BSI Last Close (Wed 16 Apr): 115c Previous Close (Tue 15 Apr): 107c Day's Move: 8c (7.48%) Day's Low: 105c Day's High: 117c Change Since 22 Feb 2008: 45c (64.29%) P/E Ratio: 8.98 EY: 11.13% Market Cap: R843 266 512.20
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CHATTYCHAT
Super Contributor
Sparrow.. seems you are on top of this one (and some others, I suppose). Yeah, I read the sens and is quite happy about the response from the market. At least this trend is not as bad as banks' daily see-saw ride. I bought to hold, you think it's worth the stress? I got in at 106cps and was looking down my nose for what seemed to be ages.
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sparrow
Contributor
when I last looked share was cooking again --- pity I bailed at 125 but thats what I was looking for and it got there !! No regrets... I think there may be more here. Ill have another look and see If I can find more value.
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