Their monopoly on pay TV can't last forever and their internet involvement in SA is limited. Print media is slowing down but guess there will always be a market for "Son". They've burnt some serious money on some bad investments and yet...
Wait for a reversal day and short the #$£! out of it - a reversal day will give you a clear stop loss target as well. Overbought on both daily and weekly......will come crashing down like a drunk on a bar floor.
im very confused. Over the past few days, there have been trades for millions of bucks going through. The share is overbought yes and its expected that it should come down big time, why are they buying so many then? surely they will make huge losses once the share drops?
I have quite alot in my long term portfolio. Naspers have positioned themselves nicley in Emerging markets. Major overseas holding is Tencent in China of which they own 36% , Tencent is the largest internet socail networking site in China , with over 250 million users. Tencent competes in the same space as google and facebook They also have interests in India , Brazil , Russia and Estern Europe with regards to their ineternet business and are looking for more aquisitions in Emerging markets. They also pay nice dividends
Two basic strategies that I know of in this circumstance. A momentum trader would get in right now and ride the wave. A swing trader would wait for a pullback to the moving average. i don't know of any systems that would advocate shorting a trending stock. If you do want to short it, then look out for a kangaroo tail, if it develops. They are pretty rare though.