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Trading update

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Super Contributor
Eish guys!...i dont even know what ABL is, but please monitor the highs if you want to work out if there is a trend change...in a downtrend, lower highs
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Contributor
When people start taking out short term unsecured loans to buy food, then you know things are not going to get any better real soon. When you take a loan at 38% interest, you must be desperate. Next month you just go to someone else to borrow to pay off last months dinners. And the cycle continues....
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Super Contributor
what is your % loss now? about 16%?
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Super Contributor
Even looking at the fundamentals, I really think this sell off is overdone. The price is down 40% in 6 months. Gonna surely see this bounce when the results are released in 2 weeks.
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Super Contributor
Where do you get the shorts story? IG Markets indicates only 8% short interest; 100% buys in the last hourt and 71% buys today.
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Super Contributor
Debt seems to be a swear word right now. The negativity in the market really surprised me and yesterday's drop on top of a two day 22% drop as well.
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Super Contributor
There is the anticipated bounce......
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Regular Contributor
Hoping for a strong bounce back over R25
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Super Contributor
Yes, 25ish seems a fair target.
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Super Contributor
No surprise at all , the high was not taken out
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Super Contributor
nice arcticle on the ABIL sell off. How many can see themselves in this article: http://finweek.com/2013/05/08/lessons-from-an-embattled-abil-trader/
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Super Contributor
Yes, almost took the words out of my mouth. I was however stopped out from this prior to the major sell off, but I am still scratching my ar$e after yesterday's drop. My 2280 didn't prove to be close enough to a bottom as I anticipated.
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Super Contributor
got the link to finweek article on twitter...nothing new there... i found the 3G connection issue quite amusing..would have been worse if you made the trade and could not place a stop.
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Super Contributor
worse still you are long and are trading with a frozen OST
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Not applicable
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