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Looking attractive at these prices

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Super Contributor
Started accumulating again. Target 940c. Stop loss - Close below 792c levels. Heavily oversold on the RSI and MACD.
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58 REPLIES 58
Super Contributor
Having said that, a good updated trading statement (expected this week, or the next) will see this going through 1000c very quickly.
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Frequent Contributor
I am expecting a good trading statement as well - so now is the time to accumalate again.
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Regular Contributor
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Super Contributor
Just remember the stop loss as well.
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Super Contributor
@kwagga, got in at R8.25. If it drop further, will buy more.
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Regular Contributor
Kwagge - please post us one of your "chart uploads" on Ellies. Tks
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Regular Contributor
Kwagga - please post us one of your "chart uploads" on Ellies. Tks
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U-Dog
Contributor
Is this a value investment or are we looking to trade price here. I'm long for value but would like some input as to why we're calling the bottom on the trading side - seems against the current short-term trend?
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Super Contributor
Looks like the traders are selling to the investors when the traders stops are hit
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Super Contributor
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Super Contributor
To me this is a trade, but at a PE of 11, it could look like a buy and hold option as well. All depends on the next trading statement.
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Super Contributor
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Regular Contributor
Thanks Kwagga - I like the looks of FSR where the CFD has a nice gearing of 7.66, but first to see what big BEN B has to say.
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Super Contributor
Good news already discounted into the markets. The markets will either drop or drop more than expected. Buy the rumour, sell the fact. It's the bounce after this initial drop that I'm interested in. If the news is bad, then I suggest you have an exist strategy in place.
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Regular Contributor
Kwagga, you been stopped out?
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Super Contributor
less than 2% away from being stopped out.
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Super Contributor
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indium
Contributor
Directors have hedged out more than R250m worth of Ellies over last 5 months at between 9.50-10.50 up to 2015 close out. I think it would give me much more confidence if they were buyers ? Given that share touched these levels in last 2 months, I have to ask whether earnings growth is sustainable or are the directors cashing in ? Next earnings update will be ok, but I need to see evidence that it can keep growing, directors actions concern me.
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indium
Contributor
Directors have hedged out more than R250m worth of Ellies over last 5 months at between 9.50-10.50 up to 2015 close out. I think it would give me much more confidence if they were buyers ? Given that share touched these levels in last 2 months, I have to ask whether earnings growth is sustainable or are the directors cashing in ? Next earnings update will be ok, but I need to see evidence that it can keep growing, directors actions concern me.
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