Brazen,probablty will go up weakly....Yes up to now AGL presented a good part of our index,how ever the products prices it represents have all taken a whack and continue down with no seeming end in sight....Platinum in the past was a good indicator,but added to its specific troubles is that new methods are being persued to thrift its use.EG Mazda/Ford is soon to go into production with a different catylitic converter....I wonder if Simon PB can tell us is BTI back in the index?....The future of the index is slowly being transformed and industrials are likely to form the main base.
As a newcomer and mostly losing small amounts on SFF's to date, I notice that AGL's March future is trading BELOW the ruling price whereas the SSF normal has a premium to it. Is this indicative of a really really bearish feeling on a share? I picked up one contract at 17900 at ruling 18300 and already down R500. Stoploss time here I come or nerves of steel for a turnaround (and perhaps another few at lower price later)?
If you buy at market, it takes the lowest available offer. If you look at the share price offers on the page where you buy/sell shares or SSF, you will see the lowest 4 or 5 offers for that share. Sometimes there is quite a difference between the 5 offers. Now what can happen, is between the time that you refreshed last, and the time it takes you to enter your trade, the lowest priced offers could have been bought or cancelled. So you then buy at for example the highest of the 5 offers, or maybe higher, because you bought it at market, without a limit. It sometime happens for a few seconds before the offers drop nearer the last traded price, so you can be unlucky and get it at a high price. I don't say that is what happened, but it is a possibility.