Time to short MTN

[SKALA]

with Bharti now possibly becoming a serious rival, maybe short MTN? Must say I went long earlier this morning before I saw the Bharti news. Might have to reverse my trade.

[SimonPB]

well the Q is why did you go long ?? and did your exit strategy say that bharti talking abbout coming to Africa (and all it is is talks until March) would mean a sell ??

[SKALA]

went long based on my "fast" trade signals for short term trade. Did not follow the news only the price at the time. My trade does not cater for the news, but will see what the price does on EOD and tmorrw will be clear.

[SimonPB]

exactly, so watch price .. MTN up inline with peers today .. an Bharti just buying existing assets, it'll be ages before anything comes of it, if at all ..

[SKALA]

Thanks for your input Simon; as most times of value to me.