Hahaha - As long as you sell it higher than you bought it by more than the transactions cost, you made money... even at R20. At this moment, the big sell-offs are from longer term guys that want to take the profit and run... Then the nervous ones follow suit which is a little knee jerk reaction. The "experts" have been complaining about the government's 40% share in Telkom for months now, calling it a "ticking time-bomb"; If I listened to them I would have sold at R38, glad I didn't! Sipho is doing really well, even if his public image is somewhat tainted. According to my sources :-) he is a hands-on guy with his ear to the ground. Though the PE is sitting at around 16, I reckon the next financial (June) will slice that in halve (bearing in mind the BCX acquisition and the current trends) I'm staying in and have even bought some extra CFDs at the discount. On the 1-5 hour scale the tech analysis ate Investing.com recons you should sell, but at the day, week, month - it indicates a strong buy - depends on your time frames... Would love to hear other opinions, though.
