Seem to have found new life

[HungryPunter]

The share started really well today, seems as though this share is in for a short bull run. Any views on the levels that will be achieved, before a reversal?

[kwagga]

Short bull run ? This share has been shooting the lights out since Jan 09 - up 274%. The bull run on this has has never stopped since then.

[#3]

yip, my biggest trading mistake of the year - exited my position during the last pullback. Left a looott of money on the table

[Rams]

trading mistake ??? then you should rather work for Telkom or the SABC!

[HungryPunter]

Poor turn of phrase on my side, you are refering to the 2000 meter run, when I am refering to the 100 m sprint. Yes you are correct, but I am refering to the short term trading opportunity, as oposed to the longer term bull run.

[Rams]

to answer the question, one never knows where exactly the retracement will be, so if you in this share, i would think your rules will determine where you close the position and take profits, but there will be a retracement, and based on todays price action, a higher level will be in place if it retraces to around 2981 and then reverses. If 2981 does not hold, then a reversal at support around 2825, will maintain the daily uptrend...

[HungryPunter]

I see the board had approved a share buyback program.

[partridge]

Nothing like being the last person to arrive at the party after the happy hour has ended.

[HungryPunter]

That is the benefit of the 100m vs the 2000. When the 100m is over and the direction changes then I run the 100 m in the other way. This was a nice short, still going down (New 100m)

[sponono]

in Zulu they say "uyosinda nasimpini".

[sponono]

William J. Oneil quotation ...you should sell if a stock hits its upper channel line after a huge run-up. (on a stock chart, channel lines are somewhat parallel lines drawn by connecting the lows of the price pattern with one straight line and then connecting the highs made over several months with another straight line)

[HungryPunter]

I use Directional movement with a SAR and then to test the mood Stochastic and Price ROC. This showed me the direction I need to be in. I did not read this in a book though, but it makes me money and I am happy.