Both IMP and AMS down today despite higher platinum price? Any explanation(s)? WEZ still looking strong. Stop loss triggered for small profit on IMP. Whereto now with my platinum portfolio or do I stay out of it?
The good ones have run too high too fast and discounting good earnings in the future. The price has dropped because of profit taking. Best to wait for a correction. The law of averages says this should happen so try and be patient. That is my position at the mo as well.
Implats took quite a knock today and show some resistance at the 208 level. Showed no reversal day but i think at this level a good entry area. Bought it today at that level because i think it's a strong one. Any views going forward from you and the panel?
IMP still has a way to go. Strong dollar weak ZAR as said. We are looking at under 200 in the near term. I would even say 190 at a guess. Hope that buyin at 208 is a longer sighted hold..... If it jumps early bail IMO