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Short Kumba

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Frequent Contributor
Hi Guys i shorted KIO at R372.00.Do you think this was a good or bad idea.Thanks in advance.
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6 REPLIES 6
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Valued Contributor
with respect .. a completely random and useless question .. if you give us reasons we can debate them, but just should I buy or sell means nothing ..
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Super Contributor
why did you short?
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Valued Contributor
more importantly .. if you have to come to the chat forum to seek affirmation - you don't trust your system and shouldn't be trading it ..
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Not applicable
Shortterm - bad decision. Longerterm - good decision
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Not applicable
lol - that is a pretty simple answer.. he expected it to drop ?
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Super Contributor
I agree. To short Kumba was the wrong, if it breaks above R 380 it can go higher. Also remember Kumba is currently cum div of R 13.50 and goes ex div next Friday, so the price will fall because of the div, but div are accounted for in SSF's (if you sold SSF's to short)already so you will not gain from it.
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