Trading update

[sponono]

Looks like even their furniture business took a hair cut. Says a lot about JDG and Lewis

[WES]

I know Paul Theron of Vestact is crazy about this share . Time to buy ?

[#3]

I have just taken a nibble. That is one hell of a sell-off though. Seems that that the market concern over unsecured lending bubbles is much bigger than I thought. And all the other guys with this kind of exposure are being painted with the same brush. Look at JDGroup, Capitec ... I mean, Capitec just reported a forecasted 20-30% increase in revenues over the same period (!).

[#4]

I have just taken a nibble. That is one hell of a sell-off though. Seems that that the market concern over unsecured lending bubbles is much bigger than I thought. And all the other guys with this kind of exposure are being painted with the same brush. Look at JDGroup, Capitec ... I mean, Capitec just reported a forecasted 20-30% increase in revenues over the same period (!).

[THRESHOLD]

I took a load higher up. Now I'm worried. These things always sell off longer and more intensely than anticipated.

[Chopchop]

I ditched mine about 2 weeks ago, not a moment to soon.

[prancing_horse]

Have just taken a nibble(CFD) and bite (Long term), will be interesting to see the size of dividend declared in a few weeks time.

[THRESHOLD]

Of JDG not ABL, that is!

[Harathke]

lol, Paul is a contra-indicator. If he thinks its worth buying, the odds are that it is worth selling.

[kwagga]

Fortunately I was stopped out a few weeks ago. This is a massive sell off.

[#11]

I am feeling the same pinch with Capitec. Fortunately I was already up around 12%, so my trading rules don't allow me to sell off a single sell-off day. Odds are that some institution is dumping stock, so we should see a pullback on Monday, once the panic subsides. If not, I will exit my position.

[vishal]

Still bleeding this morning Anyone know what support on this share will be?

[kwagga]

Hopefully around the 2230-50 levels, then 1940, then 1500. Those first mentioned level better hold, that is all I know.

[kwagga]

Support seems to have kicked in a bit. I took a bite size chunk @2280. Will see how this goes. Bit of risk here, so we'll keep a stop loss not too far off that @2230 mark.

[#15]

Is this not a falling knife?

[kwagga]

Well, it's definately a bit of a gamble. Trading statement said HE down by 25-28% for the last six months. That doesn't mean the shareprice needs to drop by the same amount. This share is in a bear trend from Feb last year. It's 45% down from then. I guess is the market has anticipated this for a while now and already discounted it into the price (before the drop). So the drop in my books are well overdone, but time will tell. I'm just in for a bounce 5 -10% and then I'm gone.

[kwagga]

Key to this trade will be if we see a lower low than the 2224 we saw today. If not, then we might have reached a bottom on this. My bet is on a bottom today (short term).

[WES]

Yeah, me to, apparantly there are a lots of "shorts" in the share, so when they decide to take profit, it could bounce.

[sponono]

still averaging down hey?

[kwagga]

Not at all. Sold out weeks ago, and bought again this RV.