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Online Share Trading

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Sasol

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jakes007
Contributor
I am very new at trading shares, and would very much apreciate some advice on why Sasol isnt at the 24000 mark again?
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7 REPLIES 7
DR_1
Super Contributor
because it doesnt want to
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You see jakes - Its best to pretend to be an old hand, that way you dont get sarcasm like that. Basically the market runs on sentiment & that explains why there is such volatility currently - lack of trust & direction all over the globe. I suggest you spend a littl emoney & lots of time reading as many books as yo can get yr hands on - topics on Technical analysis & fundamental investing. Then play with a little paper portfolio, test yr strategy (define yr strategy before you start) understand the concept of a trailing stop loss etc etc. Then come back.....otherwise you will be just another one of those guys who started with no clear strategy & ended with no clear cash !!!
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That was some of the better advice I've seen on this forum...
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what i can add to the good advice, buy a TA programme study it, attend some of OST's courses on TA, it is free, but as long as the oil price is so low, SASOL will also stay so low
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On that point, what do you recon will happen to SASOL's profits at the current level of the oil price? Certainly the directors feel positive looking at director dealings...
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as a TA i do not care what happen to their profits or who his dealing in their shares if the sasol share in the furture tells me to buy i will buy if it tells me to sell i will sell
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SKALA
Super Contributor
DR ek vertrou jy voel nou 'n regte D---
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