Short BIL

[kwagga]

I'm not really a fan of shorting anything, but BIL seems to be running out of steam. It's has for a few days gone nowhere slowly after a strong start every morning (1,8% up this morning - 0.10% right now). It seems to be overbought and I think that the time will be right soon to go short on this big boy. Over 100% run from Jan 4 this year - incredible. Timing will be of essence, because you wouldn't want to be on the wrong side of this share. Omo, but opinions welcome. R 241, 20 and counting down.

[asylum]

Have a look at MLA as well if you want to short has been going very strong and is well into overbought. Monday the 22 October it will trade ex capital reduction and i think it will drop a fair bit.omo

[kwagga]

Double head on the cards for this big boy. Let wait and see how this pans out?

[SimonPB]

kwagga, if you're not a fan of shorting - why do it?

[kwagga]

Simon, bad habit I guess. I'll only ever short anything if the odds seem to be on my side and BIL is not there yet.

[dimitrius]

The problem with these double heads, double bottoms, and all the other formations is that they're always after the fact. Just trade with the trend, and forget about double this and double that.

[kwagga]

Going short with great expectations.omo