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Online Share Trading

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Tempting Short - Naspers

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KJR
Frequent Contributor
I want to short this share, but it just seems too strong. Just not convinced its the right time to go short on this one even though indications are overbought
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59 REPLIES 59
jack12
Super Contributor
Hehe had the same feeling at 200, it ran sideways for a week. I think the profit in the shorts is not enough. Banks are looking weak at the mo
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KJR
Frequent Contributor
and there she goes - I should have shorted when my guts said so.And now low can she go.
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doomsdayza
Super Contributor
Somebody was talking about a reversal day the other day on NPN. Maybe today is that day?
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Ninja
Super Contributor
Absa is a tempting short.....long term resistance at 119....nice close stop. Look for a drop to 106.
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Not applicable
any1 see npn going lower? Im short at 232 but didnt close as yet.
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ACEP_
Regular Contributor
31,5 bar at closing auction, hmmm ... I would probably be AC.
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Not applicable
Charts say yes but it could trade sideways for a while always a risk. Some sell signals hold for a day and other for a week or two. What ever your profit exit was when you entered stick to it. Rather re-buy again and make smaller trades with more profits again. That way you pocket the profit and use the capital to reinvest. or alternatively reinvest the profit and keep the capital.
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ACEP_
Regular Contributor
Ya, but how boring is DSTV now?
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Not applicable
i think its a good short at these levels,even at 225,it has ran up 15% when the rest of the market were at their lows..it deserves a pull back to around R200 level..the foreign players will be taking their profits.will be short some tomorrow for a 10% profit
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richardw
Super Contributor
I think it's been going up with the Chinese market because of stake in Tencent. I think China's overheated, but the risk is that it keeps cooking.
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SimonPB
Valued Contributor
shorting here is either counter trend or trying to call the top .. question is, why ??
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Not applicable
Acep what do you mean that you would probably be AC?
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jack12
Super Contributor
mm must be hurting by now, 1.3 pc up
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MenuOption
Frequent Contributor
NPN is one of a handfull of shares that are green on every possible timeframe (all 10 I think) - from intraday right through to 10 years - of the small graphs that SBK display on the NPN detail view.
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Not applicable
any reason why npn is up 3% today when the rest of the market is falling? Especially after its run so hard?
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SimonPB
Valued Contributor
well why was it down yesterday when everything else was up ??
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Not applicable
Um, because 'Y' is a crooked letter, and it can't be made straight. I thought everyone knew that?
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Not applicable
where are all the TA experts? please view the npn chart,i can see a double top,needs to break 225 tomorrow and close below,and the rest is history.OMO
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ACEP_
Regular Contributor
AC=up, EP=down, that is the long & short of it, as Simon says trade the price!
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