Not yet. That reaction kicks in at around 50K or 5% down. You know- round about the time you are confronted with the choice: Do I sell and obey my "STOP" and then suffer the demoralising surge that invariably follows; or do I hold because the stock is so low already, only to find that it can go way,way lower still. (?)
Is it time? Maybe waiting until you see the gold in their teeth be too late? Now be bracing for next onslaught - the Ben lectures with synchronised dancing featuring the Goldman Sachs muppets.. R/$ wants to be the first act.
I like the capital structure; the scale of interest by the owners. It seems a decent enough operation. In an economy like ours, they will have their work cut out for them. Their primary input, copper, is through the roof. Their energy and wage bills will be an issue like all SA Inc shares. They also depend heavily on construction spend, especially large scale government-type projects. Their retail operations are interesting, though. I'd rather put the money into companies that (I think) offer better growth with lower capital commitment. That said - there's nothing immediately wrong with SOH by the look of things.
I was hoping for something helpful, but that never seems to be the case with these "trade advisory services. "You have to learn " you're on your own out there!" This is the summation at the end of your ref.:- "Long term Â– on major buy signal. Short term Â– on sell signals. Only GLD and CEF are tradable upon new signals and set ups as long as their configs remain bullish." ...Not much help there!
If there is real trouble in Europe, I'll be happy to hold 10 000 GFI. They may dip, but they will be one of the few stocks worth holding; all the more so if the Rand flops! BHP, AGL et al. - may not be the place to be nevermind how cheap they look.
It would appear that $Gold can retrace to 1066 without violating its 2002 breakout bull trend. (They'll call this the "Battle of Hastings" call. So what am I to make of the "long-term bullish" call in the article?