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Online Share Trading

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PROFITTAKING DAY

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Big_Bucks
Super Contributor
Methinks a very red day today
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12 REPLIES 12
Not applicable
YA - Hope it will go down a little more for some nice buying opportunity.
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jack12
Super Contributor
Not sure about profit taking, maybe shorts trying to get longs on
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Not applicable
my two cents worth - there are quite a few companies with shorting opportunities out there, that have shown relative weakness in the last mini rally (Check out Remgro's head & shoulders - or M&R that is sitting on about 6 months support). Other than resources, JSE has been hit quite hard with every ftse/dow correction. If this continues to be the case, then a short will make you money - if it doesn't, and we only drop a small amount (say 1% on JSE) then i would say that the next big up push is likely around the corner
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Not applicable
BIL also looks a bit out of steam. MTN on the other hand mmnn...
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Not applicable
I b itching to short mtn for a couple of days now, but a voice tells me it's just something you don't do.
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Not applicable
Looking at the MTN chart, YUCK....downside still expected but how much and worth a short...... I would want to agree and stay out today. Might re-look Monday.
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SimonPB
Valued Contributor
Five .. the fact that you can hack the net nanny doesn't mean I won't toss you off the forum ..
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doomsdayza
Super Contributor
he's itching to short mtn... you got no street cred simon
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Not applicable
Twas an honest mistake
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Not applicable
Simon? Really?
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SimonPB
Valued Contributor
0 Kudos
divz
Super Contributor
I b itching?? short for I have been itching. SBK obviously does not do SMS speak.
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