Simon you have to agree, If you short npn at the R230 and above levels you are definitely going to make money at some stage, could be today, next wk, next month. Whenever it is, you still going to make a profit. As long as you have the capital structure to cover you if it goes up even to from here even to R300 (just an example) which i dont think will happen.
Last NPN trade on Friday was 70 million rand (@17:00) , this trade cleaned out almost all sell orders .there were only 4 sell orders left in the system after this trade. Perhaps someone knows something we dont about NPN?????
yeah i also shorted at the height of the bull run or what i thought was the high, shorted companies like imp, acl and the likes, there was no way they were going higher, after a 200k + loss i changed my mind, school fees, i now swim with the rest of the sardines.
It made sense to me when someone noted that NPN is in never been before territory, so therefore, it would seem that trying to speculate the movements of the stock at this time would be dangerous! i have definately learnt a lot here...i feel for the people that went short at 230! i wouldnt be suprised if we see 300! GO NPN!!! FLY LIKE THE WIND :-)
Tencent in China went up 8-ish %, partly on the news that it's adding utilities payments to Tenpay. Naspers owns 30+% of Tencent and it's quite a big part of Naspers value now. Tencent P/E...uh, 52, so quite a big growth expectation there.
No mrS, there are times when bucking the trend works - check out kangaroo tails (Datatec is a good candidate right now, for a kangaroo tail). The point is that if you are going to buck it, then at least know when to get out if you are wrong. Don't try ally's strategy of waiting ad-infinitum. And most important of all - consider your risk reward ratio - because there is no point risking 10k to make 1k if you are going to be wrong even 20% of the time
Granted, nobody can accurately predict the turning point, but I concur - the PROBABILITY that NPN will continue going up in a straight line is very low. The PROBABILITY that it will pullback seems higher.
I have not really followed this share but quickly pluging it into my system there is nothing say sell right now. Still strong buy in the charts. Did anyone do a buy on MTX when I said buy at 292? You would be up over 10% in under a week by now.... BTW MTX still in a buy/hold signal.