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Online Share Trading

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MUR

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asylum
Super Contributor
Mur getting big carrot and starting to look attractive.
0 Kudos
10 REPLIES 10
platsak
Super Contributor
Where do you think will be a good entry point?
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SimonPB
Valued Contributor
3850c
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asylum
Super Contributor
im looking at next support R 68.00 but that might be too low?
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Trader_Boy
Occasional Contributor
Come on Simon, i hope that it does not get there, i am feeling the pain here MURQ
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saash
Super Contributor
I'd go around 68-69. Pitty there are no good puts for it.
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SimonPB
Valued Contributor
didn't say it would get there. Was asked for a good entry, and that is my honest good entry. An if you're in pain with a SSF; what's you exit strategy?
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platsak
Super Contributor
Simon: You didnt perhaps mean 6850
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SimonPB
Valued Contributor
nope, 3850c. It owuld give me a historic PE of 12 odd and DY of around 2.8%. With 40-50% in the bag from last update - that's then attractive. Above that price = expensive. Stocks have been pushed up hugely (MUR some 150% last year) and they may be quality but in many cases expensive, especially when one considers that the good news is largely known and hence in the price.
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Trader_Boy
Occasional Contributor
Simon, i thought since i have taken the losses so far and funded the ssf in this tough period, i will wait it out, i just hope that it has bottomed out now and upside is to come, i believe that mur will recover and had it not been for this global uncertainty, things would have looked different. What do you think of my strategy?
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SimonPB
Valued Contributor
trader B (my 5c, without commenting directly on your MURQ), the first rule of trading is having a well defined and understood exit strategy (both for profit and loss). Without that you will go broke
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