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Super Contributor
to the person who pointed this out as a good short the other day. Can't remember who it was? Great resistance line at 810 811 which I took yesterday. Out already. Good for a bag or two of Chuckles.
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Super Contributor
CPS? Short suspects.
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Valued Contributor
here's an even better tip .. don't try the mint chuckles .. HORRID ..
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Super Contributor
Good God man, don't tell me you bought those. It only encourages them.
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Super Contributor
The white Christmas ones with pink puffy centres were great though.
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Valued Contributor
well actually here's the real trick .. I complained to woolies that they was horrid .. so being woolies they gave me two packets of the real chuckles ..
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Super Contributor
Good man Mr Brown. The pink ones sound a bit horrid, but I guess a girl can't live on organic veg alone. Speaking of plats, see IMP is now on (very) short term support. 308 309.
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Super Contributor
er that's 208 not 308.
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Super Contributor
AMS still has a way to go. It formed a double top with resistance at 811. The RSI showed a clear sell divergence at this price. This suggests more down side. IF Anglo decides it's time to recapitalise, you will see it coming off the seems faster.
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Not applicable
I think it was me with my other predictions on Mooses post re NPN. But anywat pleasure if it was me ;-)
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Super Contributor
Based On ockhams model Which evaluates the PE ratios ,market Growth .Earnings my guess for a pull back for AMS would be 625-670 rands I gave them a 29 rands earnings per share for 2010 Fin year knowing in 2009 they had a 85% decline from 2008 any other thoughts , this is provided the dollar behaves
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Rat, interesting insight, will look into it but under 700 might be a little harsh, yet not impossible.....
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Super Contributor
Ya, it was you CPS. Thanks. Sold too soon, damn. Just gone long Anglo. Looks a bit iffy but hope it can close above 308.
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Brazen, hmmm....tripple bottom so 50% chance of bounce, but risky.....if that breaks you looking at 270 mark.... out of my risk profile but I think you could make a quick buck.
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Super Contributor
Yip, risky, especially since this is my champagne and expensive hair product account. Could get ugly if it goes wrong.
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Brazen, call me market counter predictive but my TA says there is going to be a swing in AMS late today or early monday. Momentum creating a falling wedge. My bounce expectation about 730???
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Super Contributor
Bu*ger. Shoulda held longer, I thought that 774 level was gonna hold. Looks like there is support round about now tho, the 754/55 level. Don't see 730. Hope not at least. Yikes.
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Super Contributor
So CPS in terms of your trading method are you going to reverse your position at 730 ? and go long I have banked 65% of my short position I agree with you we could get a bounce but the key here is the odds they are not conclusive I am in the US they say if S&P breaks 1100 we are at key levels futures are down .Lots in the balance ,There are other commodities I beleive are beter long plays this is when the adrenaline plays games what do I do with the 35% so where do you stand mate where is the line in the sand
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SurfRat, Dont know so much about the S&P break...gave up trying to relate US to ALSH a while ago. Generally they correlate but JSE seems to lead US in direction. My Line?? Wow on te spot but what the heck. 730 is a mid level mark but I see a little support developing here around 740. I guess I will reverse the position at 715/720 as an absolute line if the TA holds true. I am starting to open slow reversals from 740 down to limit loss.
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Super Contributor
Looks like you were right CPS, big time. Carnage on AMS today. And AGL not looking like it's gonna hold the line, my stop is a snip away from triggering.
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